Moors & Cabot Inc. Decreases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Moors & Cabot Inc. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,201 shares of the industrial products company’s stock after selling 543 shares during the period. Moors & Cabot Inc.’s holdings in Caterpillar were worth $7,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Prosperity Financial Group Inc. lifted its position in shares of Caterpillar by 13.7% during the 4th quarter. Prosperity Financial Group Inc. now owns 2,149 shares of the industrial products company’s stock valued at $780,000 after buying an additional 259 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Caterpillar by 141.6% during the 4th quarter. Wealthfront Advisers LLC now owns 138,605 shares of the industrial products company’s stock valued at $50,280,000 after buying an additional 81,245 shares in the last quarter. Fairway Wealth LLC purchased a new position in Caterpillar in the 4th quarter valued at $124,000. GC Wealth Management RIA LLC lifted its holdings in Caterpillar by 3.6% in the 4th quarter. GC Wealth Management RIA LLC now owns 1,160 shares of the industrial products company’s stock valued at $421,000 after purchasing an additional 40 shares in the last quarter. Finally, Cushing Capital Partners LLC purchased a new position in Caterpillar in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction dated Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the transaction, the director now owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup lifted their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, DA Davidson lifted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Performance

NYSE CAT opened at $339.66 on Wednesday. The company has a market cap of $162.33 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.87 and a beta of 1.15. 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 stock has a 50-day moving average of $362.29 and a two-hundred day moving average of $372.93. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

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.