Vestcor Inc Sells 940 Shares of Caterpillar Inc. (NYSE:CAT)

Vestcor Inc cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,768 shares of the industrial products company's stock after selling 940 shares during the quarter. Vestcor Inc's holdings in Caterpillar were worth $6,446,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $36,000. Finally, Kimelman & Baird LLC boosted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company's stock worth $39,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $338.50 on Thursday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm has a fifty day simple moving average of $361.80 and a 200 day simple moving average of $372.69. The company has a market capitalization of $161.78 billion, a PE ratio of 15.34, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup increased their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a research report on Monday, February 3rd. Bank of America cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. Finally, UBS Group upgraded 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $383.80.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now directly owns 6,275 shares of the company's stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company's stock.

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.

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