Envestnet Portfolio Solutions Inc. Has $5.34 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Envestnet Portfolio Solutions Inc. cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,719 shares of the industrial products company’s stock after selling 2,339 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Caterpillar were worth $5,339,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the fourth quarter worth about $31,000. Retirement Wealth Solutions LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in Caterpillar during the fourth quarter valued at approximately $36,000. Finally, Kimelman & Baird LLC boosted its holdings in Caterpillar by 42.9% during the third quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 30 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CAT. Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Evercore ISI lifted 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 on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $383.80.

Insider Activity

In other news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the 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 transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Caterpillar Stock Down 1.7 %

NYSE:CAT opened at $336.67 on Wednesday. The stock’s fifty day moving average price is $359.86 and its two-hundred day moving average price is $372.46. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market cap of $160.90 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar 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.