Uniting Wealth Partners LLC Purchases Shares of 969 Caterpillar Inc. (NYSE:CAT)

Uniting Wealth Partners LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 969 shares of the industrial products company's stock, valued at approximately $352,000.

A number of other institutional investors have also modified their holdings of CAT. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was 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 owns 45,182 shares in the company, 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 SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares of the company's stock, valued at approximately $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.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research analyst reports. DA Davidson upped their target price on Caterpillar from $350.00 to $357.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Truist Financial reduced their price target on shares of Caterpillar from $438.00 to $389.00 and set a "buy" rating for the company in a research report on Tuesday. Evercore ISI boosted their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 19th. Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating for the company 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.com, the company currently has an average rating of "Hold" and an average target price of $380.53.

Caterpillar Stock Performance

Shares of CAT traded up $1.36 during mid-day trading on Tuesday, reaching $281.42. 1,604,649 shares of the company's stock were exchanged, compared to its average volume of 2,585,390. The business's fifty day simple moving average is $344.52 and its 200-day simple moving average is $370.76. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50. The stock has a market capitalization of $134.50 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating 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%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar 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.