Caterpillar Inc. (NYSE:CAT) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,063 shares of the industrial products company's stock after selling 1,079 shares during the period. Vinva Investment Management Ltd's holdings in Caterpillar were worth $6,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CAT. FSM Wealth Advisors LLC boosted its holdings in Caterpillar by 3.8% in the fourth quarter. FSM Wealth Advisors LLC now owns 688 shares of the industrial products company's stock worth $262,000 after acquiring an additional 25 shares in the last quarter. Allen Capital Group LLC raised its position in shares of Caterpillar by 0.6% in the 4th quarter. Allen Capital Group LLC now owns 4,247 shares of the industrial products company's stock valued at $1,541,000 after purchasing an additional 26 shares during the last quarter. Wagner Wealth Management LLC boosted its stake in Caterpillar by 4.0% in the 4th quarter. Wagner Wealth Management LLC now owns 668 shares of the industrial products company's stock worth $242,000 after purchasing an additional 26 shares in the last quarter. Channel Wealth LLC increased its holdings in shares of Caterpillar by 1.9% in the fourth quarter. Channel Wealth LLC now owns 1,468 shares of the industrial products company's stock valued at $533,000 after purchasing an additional 27 shares during the period. Finally, Total Clarity Wealth Management Inc. raised its stake in shares of Caterpillar by 0.6% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,373 shares of the industrial products company's stock worth $1,586,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

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Caterpillar Price Performance

NYSE CAT traded down $0.76 on Friday, hitting $335.49. The company had a trading volume of 6,752,336 shares, compared to its average volume of 2,448,743. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company's fifty day moving average price is $358.61 and its 200-day moving average price is $372.05. The company has a market capitalization of $160.34 billion, a PE ratio of 15.20, a PEG 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.

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, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. Raymond James upgraded shares of Caterpillar from a "market perform" rating to an "outperform" rating in a report on Monday, February 3rd. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Evercore ISI upped their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. Citigroup lifted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Caterpillar has a consensus rating of "Hold" and a consensus target price of $383.80.

Insiders Place Their Bets

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 transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated 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 of the company's stock, valued at $2,225,742.50. This trade 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 owned by company insiders.

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.