Caterpillar Inc. (NYSE:CAT) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 514,295 shares of the industrial products company’s stock after selling 2,705 shares during the quarter. American Century Companies Inc. owned 0.11% of Caterpillar worth $186,566,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This trade 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.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. DA Davidson increased their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Down 0.2 %

Shares of NYSE:CAT opened at $335.49 on Friday. The stock has a market cap of $160.34 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.87 and a beta of 1.15. The firm has a fifty day moving average price of $358.61 and a 200 day moving average price of $372.05. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts predict 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.