Integras Partners LLC acquired a new position in Caterpillar Inc. (NYSE:CAT – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 700 shares of the industrial products company’s stock, valued at approximately $254,000.
Several other hedge funds and other institutional investors have also bought and sold shares of CAT. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new stake in Caterpillar during the 4th quarter valued at $34,000. Albion Financial Group UT boosted its position in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $36,000. Institutional investors own 70.98% of the company’s stock.
Caterpillar Stock Performance
Shares of CAT opened at $333.26 on Friday. The stock has a market cap of $159.28 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.87 and a beta of 1.15. The stock has a 50-day moving average of $361.27 and a two-hundred day moving average of $372.42. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.
Insider Activity
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 stock was 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 owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the firm’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 acquisition, the director now owns 3,053 shares in the company, 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. Insiders own 0.29% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on CAT shares. DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Evercore ISI increased their price objective on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Morgan Stanley decreased their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Citigroup increased their price objective on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. 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.com, Caterpillar currently has an average rating of “Hold” and an average price target of $383.80.
Read Our Latest Report on Caterpillar
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.
Featured Articles
- Five stocks we like better than Caterpillar
- Comparing and Trading High PE Ratio Stocks
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Insider Selling Explained: Can it Inform Your Investing Choices?
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Stock Dividend Cuts Happen Are You Ready?
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.