Copperwynd Financial LLC Buys 308 Shares of Caterpillar Inc. (NYSE:CAT)

Copperwynd Financial LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,042 shares of the industrial products company’s stock after acquiring an additional 308 shares during the quarter. Copperwynd Financial LLC’s holdings in Caterpillar were worth $741,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter worth about $34,000. Whipplewood Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth about $36,000. Finally, Kimelman & Baird LLC lifted its position in shares of Caterpillar by 42.9% during the 3rd quarter. Kimelman & Baird LLC now owns 100 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CAT shares. Bank of America cut their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Jefferies Financial Group boosted their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Citigroup boosted their price objective on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and upped their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Trading Up 2.1 %

CAT stock opened at $340.46 on Friday. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The firm has a market cap of $162.72 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s 50 day moving average is $360.81 and its 200-day moving average is $372.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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%. Equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 sale, the chief financial officer now directly owns 45,182 shares in the company, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 approximately $2,225,742.50. This trade represents 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 owned by corporate 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.