8,497 Shares in Caterpillar Inc. (NYSE:CAT) Bought by Clune & Associates LTD.

Clune & Associates LTD. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 8,497 shares of the industrial products company’s stock, valued at approximately $3,083,000.

Other institutional investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar during the 4th quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Down 0.2 %

NYSE:CAT opened at $335.49 on Monday. The firm has a market capitalization of $160.34 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average price is $358.61 and its 200 day moving average price is $372.30.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share 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%. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAT shares. Evercore ISI upped 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 cut their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Truist Financial cut their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and upped their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $383.80.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now directly 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. Insiders own 0.29% of the company’s stock.

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.