VSM Wealth Advisory LLC Acquires New Stake in Caterpillar Inc. (NYSE:CAT)

VSM Wealth Advisory LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,401 shares of the industrial products company's stock, valued at approximately $508,000.

Several other large investors have also added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar in the 4th quarter valued at about $34,000. Finally, Albion Financial Group UT raised its stake in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company's stock worth $36,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. Wedbush raised Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Morgan Stanley lowered their target price 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. DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Finally, Evercore ISI increased 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $383.80.

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Insider Transactions at Caterpillar

In related 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 transaction, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company's stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company's stock.

Caterpillar Stock Performance

NYSE CAT traded down $0.76 during trading hours on Friday, reaching $335.49. 6,752,336 shares of the company were exchanged, compared to its average volume of 2,448,743. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $160.34 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The business's 50 day simple moving average is $358.61 and its 200-day simple moving average is $372.05.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.