Integras Partners LLC Purchases New Position in Caterpillar Inc. (NYSE:CAT)

Integras Partners LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 700 shares of the industrial products company’s stock, valued at approximately $254,000.

Other large investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar during the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $34,000. Albion Financial Group UT increased its stake in Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in Caterpillar during the 4th quarter worth approximately $36,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAT has been the subject of several research reports. 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 note on Friday, December 6th. Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. DA Davidson upped their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Finally, UBS Group upgraded 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 research report on Monday, February 3rd. Two 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. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Down 1.4 %

NYSE:CAT opened at $333.26 on Friday. 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 stock’s fifty day moving average is $361.27 and its two-hundred day moving average is $372.42. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The stock has a market capitalization of $159.28 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

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

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

About Caterpillar

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.