United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,400 shares of the industrial products company's stock, valued at approximately $1,233,000.
A number of other institutional investors have also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $34,000. Institutional investors own 70.98% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently weighed in on CAT. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Truist Financial reduced their price target on Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group lifted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a "buy" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. Finally, Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $383.80.
Get Our Latest Analysis on Caterpillar
Insider Buying and Selling at Caterpillar
In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.
Caterpillar Stock Down 2.8 %
NYSE:CAT traded down $9.65 during trading hours on Friday, reaching $329.65. 1,965,220 shares of the company traded hands, compared to its average volume of 2,538,598. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business's 50-day moving average price is $354.99 and its two-hundred day moving average price is $372.24. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock has a market capitalization of $157.55 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.87 and a beta of 1.15.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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%. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Caterpillar Profile
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Free Report)
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.
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