Intellus Advisors LLC Makes New $452,000 Investment in Caterpillar Inc. (NYSE:CAT)

Intellus Advisors LLC purchased a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,246 shares of the industrial products company’s stock, valued at approximately $452,000.

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

Insider Buying and Selling

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. 0.29% of the stock is owned by corporate insiders.

Caterpillar Trading Down 0.2 %

CAT stock opened at $335.49 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 $160.34 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s 50 day moving average is $358.61 and its 200-day moving average is $371.83. 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 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%. Equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.