Whittier Trust Co. boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,216 shares of the industrial products company's stock after acquiring an additional 762 shares during the quarter. Whittier Trust Co.'s holdings in Caterpillar were worth $18,216,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $36,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Caterpillar Price Performance
Shares of NYSE CAT traded up $6.05 during midday trading on Monday, reaching $341.83. The company's stock had a trading volume of 2,277,144 shares, compared to its average volume of 2,448,055. The company has a market cap of $163.37 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. 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 company has a 50 day moving average price of $358.19 and a 200 day moving average price of $372.36.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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 EPS for the current year.
Insider Activity
In other Caterpillar news, Director Gerald Johnson bought 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.
Analysts Set New Price Targets
CAT has been the subject of several research analyst reports. Raymond James raised Caterpillar from a "market perform" rating to an "outperform" rating in a research note on Monday, February 3rd. Jefferies Financial Group boosted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, December 6th. DA Davidson raised their price target on shares of 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 Caterpillar from $455.00 to $438.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Finally, Bank of America dropped their target price on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $383.80.
Read Our Latest Research Report on CAT
Caterpillar Company Profile
(
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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