Signaturefd LLC Has $4.24 Million Stake in Caterpillar Inc. (NYSE:CAT)

Signaturefd LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,691 shares of the industrial products company’s stock after selling 319 shares during the quarter. Signaturefd LLC’s holdings in Caterpillar were worth $4,241,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $34,000. Albion Financial Group UT increased its stake in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Up 2.1 %

NYSE CAT opened at $340.46 on Monday. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a market capitalization of $162.72 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.87 and a beta of 1.15. The stock’s 50 day moving average is $360.81 and its two-hundred day moving average is $372.66. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $3,800,900.00. Following the completion of 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 insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Bank of America dropped their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Wedbush upgraded Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $383.80.

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.