KCM Investment Advisors LLC Trims Stock Holdings in Caterpillar Inc. (NYSE:CAT)

KCM Investment Advisors LLC lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,808 shares of the industrial products company’s stock after selling 197 shares during the quarter. KCM Investment Advisors LLC’s holdings in Caterpillar were worth $19,519,000 at the end of the most recent reporting period.

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

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale 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 that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $287.57 on Friday. The company has a fifty day simple moving average of $346.83 and a 200-day simple moving average of $371.19. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52-week low of $281.50 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Truist Financial decreased 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. DA Davidson raised their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Caterpillar currently has a consensus rating of “Hold” and an average target price of $383.80.

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.