Fiduciary Group LLC Acquires 82 Shares of Caterpillar Inc. (NYSE:CAT)

Fiduciary Group LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,278 shares of the industrial products company’s stock after acquiring an additional 82 shares during the quarter. Fiduciary Group LLC’s holdings in Caterpillar were worth $826,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CAT. Principal Financial Group Inc. grew its position in Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after acquiring an additional 5,371 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Caterpillar during the 3rd quarter worth approximately $176,000. Citizens Financial Group Inc. RI grew its position in Caterpillar by 43.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,902 shares of the industrial products company’s stock worth $5,437,000 after acquiring an additional 4,181 shares during the last quarter. Cornerstone Advisors LLC grew its position in Caterpillar by 13.0% during the 3rd quarter. Cornerstone Advisors LLC now owns 36,500 shares of the industrial products company’s stock worth $14,276,000 after acquiring an additional 4,200 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in Caterpillar by 0.4% during the 3rd quarter. King Luther Capital Management Corp now owns 18,720 shares of the industrial products company’s stock worth $7,322,000 after acquiring an additional 67 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley dropped 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. Finally, Wedbush upgraded Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Two equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $383.80.

Insider Buying and Selling

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $336.09 on Friday. The stock’s 50-day simple moving average is $358.92 and its 200-day simple moving average is $371.98. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a market capitalization of $160.63 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.87 and a beta of 1.15. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40.

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 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 expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal 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.