Nemes Rush Group LLC Raises Stake in Caterpillar Inc. (NYSE:CAT)

Nemes Rush Group LLC lifted its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,745 shares of the industrial products company’s stock after purchasing an additional 123 shares during the period. Nemes Rush Group LLC’s holdings in Caterpillar were worth $2,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC purchased a new stake in Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar during the fourth quarter worth about $34,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director now owns 3,053 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $330.14 on Tuesday. The company has a market cap of $157.78 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.87 and a beta of 1.15. The firm’s 50 day moving average is $353.87 and its two-hundred day moving average is $372.44. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. 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 issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. Truist Financial lowered 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. Finally, DA Davidson lifted their price objective on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $383.80.

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.