Caterpillar Inc. (NYSE:CAT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 492,395 shares of the industrial products company's stock after buying an additional 10,995 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Caterpillar worth $179,542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Flagship Wealth Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in shares of Caterpillar during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $34,000. Finally, Albion Financial Group UT grew its stake in shares of Caterpillar by 334.8% during the fourth quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAT. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Citigroup upped their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Bank of America decreased their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. Finally, UBS Group upgraded shares of Caterpillar from a "sell" rating to a "neutral" rating and upped their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Caterpillar presently has an average rating of "Hold" and an average target price of $383.80.

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Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

NYSE CAT traded down $0.76 during trading hours on Friday, hitting $335.49. 6,752,336 shares of the stock were exchanged, compared to its average volume of 2,447,156. The company has a market cap of $160.34 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The stock has a 50-day moving average of $358.61 and a 200 day moving average of $371.83. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Company Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.