Caterpillar Inc. (NYSE:CAT) Shares Sold by Tredje AP fonden

Tredje AP fonden lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,200 shares of the industrial products company's stock after selling 10,090 shares during the period. Tredje AP fonden's holdings in Caterpillar were worth $20,387,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CAT. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the 4th quarter valued at about $34,000. Albion Financial Group UT increased its position in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 77 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Performance

CAT stock traded up $7.15 during trading on Friday, reaching $340.46. The company had a trading volume of 1,934,669 shares, compared to its average volume of 2,497,818. The firm has a 50-day simple moving average of $360.81 and a 200-day simple moving average of $372.49. The company has a market cap of $162.72 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50.

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Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Jefferies Financial Group raised their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, December 6th. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and raised their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $383.80.

About Caterpillar

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.