MJP Associates Inc. ADV Buys New Shares in Caterpillar Inc. (NYSE:CAT)

MJP Associates Inc. ADV acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 819 shares of the industrial products company’s stock, valued at approximately $242,000.

Several other institutional investors also recently bought and sold shares of CAT. Moneta Group Investment Advisors LLC grew its stake in Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after buying an additional 9,776,533 shares during the period. Norges Bank acquired a new position in shares of Caterpillar during the fourth quarter worth $1,175,255,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Caterpillar during the first quarter worth $433,134,000. Imprint Wealth LLC lifted its position in shares of Caterpillar by 24,982.9% during the second quarter. Imprint Wealth LLC now owns 1,538,084 shares of the industrial products company’s stock worth $153,808,000 after purchasing an additional 1,531,952 shares in the last quarter. Finally, Winslow Capital Management LLC lifted its position in shares of Caterpillar by 2,265.3% during the third quarter. Winslow Capital Management LLC now owns 1,117,830 shares of the industrial products company’s stock worth $305,168,000 after purchasing an additional 1,070,570 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now owns 57,317 shares of the company’s stock, valued at $17,774,001.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Anthony D. Fassino sold 4,575 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the transaction, the insider now owns 23,474 shares of the company’s stock, valued at $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $310.10, for a total transaction of $3,101,000.00. Following the completion of the transaction, the chief financial officer now directly owns 57,317 shares of the company’s stock, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,769 shares of company stock valued at $14,509,306. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.5 %

NYSE:CAT traded up $1.78 during trading hours on Thursday, reaching $366.43. The company’s stock had a trading volume of 2,024,263 shares, compared to its average volume of 2,456,855. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a one year low of $204.04 and a one year high of $367.22. The business’s 50-day moving average is $325.46 and its 200-day moving average is $287.19. The company has a market cap of $183.00 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the prior year, the company earned $3.86 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CAT. TD Cowen upped their price target on shares of Caterpillar from $300.00 to $338.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Evercore ISI lowered shares of Caterpillar from an “outperform” rating to an “in-line” rating and boosted their target price for the company from $321.00 to $338.00 in a research note on Tuesday, February 20th. Citigroup boosted their target price on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Morgan Stanley started coverage on shares of Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 target price for the company. Finally, Robert W. Baird boosted their target price on shares of Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and a consensus price target of $297.89.

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.