Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $37.24 Million Stock Position in Caterpillar Inc. (NYSE:CAT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,658 shares of the industrial products company’s stock after selling 2,900 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Caterpillar were worth $37,240,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar in the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new position in Caterpillar during the fourth quarter valued at about $31,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter valued at approximately $34,000. Finally, Albion Financial Group UT lifted its position in shares of Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 77 shares during the period. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent research reports. Evercore ISI upped their target price on Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Wedbush raised shares of Caterpillar to an “outperform” rating in a report on Monday, February 3rd. 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 research note on Friday, January 31st. Citigroup raised their price target on shares of Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Price Performance

Shares of CAT stock opened at $338.60 on Thursday. 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 firm has a market capitalization of $161.83 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.15. The firm’s 50 day moving average is $359.41 and its 200-day moving average is $372.23. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 approximately $17,173,226.38. The trade was a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, for a total transaction of $36,557.00. Following the purchase, the director now owns 3,053 shares in the company, valued at $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.

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.