Caterpillar Inc. (NYSE:CAT) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,362 shares of the industrial products company’s stock after purchasing an additional 318 shares during the period. Farther Finance Advisors LLC’s holdings in Caterpillar were worth $3,033,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC purchased 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 during the fourth quarter worth about $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $34,000. Albion Financial Group UT lifted its stake in shares of Caterpillar by 334.8% during the fourth 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 acquired a new stake in Caterpillar during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup upped their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Truist Financial reduced their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Two investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Down 0.4 %

Shares of NYSE CAT opened at $338.50 on Thursday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The stock’s 50-day simple moving average is $361.80 and its 200-day simple moving average is $372.69. 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 firm has a market cap of $161.78 billion, a price-to-earnings ratio of 15.34, a PEG 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 EPS for the quarter, beating 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%. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred 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 sale, the insider now owns 6,275 shares in the company, valued at $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. 0.29% of the stock is currently owned by insiders.

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.