Moment Partners LLC Invests $638,000 in Caterpillar Inc. (NYSE:CAT)

Moment Partners LLC bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,760 shares of the industrial products company’s stock, valued at approximately $638,000.

A number of other institutional investors have also recently made changes to their positions in CAT. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar in the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $34,000. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The stock was acquired 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now 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. Corporate insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Evercore ISI lifted their price target on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. Two equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $383.80.

Caterpillar Trading Down 0.5 %

Shares of NYSE CAT opened at $340.91 on Thursday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a 50-day moving average of $356.95 and a 200 day moving average of $372.24. The stock has a market cap of $162.93 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.