SevenBridge Financial Group LLC Purchases 1,132 Shares of Caterpillar Inc. (NYSE:CAT)

SevenBridge Financial Group LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 21.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,404 shares of the industrial products company’s stock after acquiring an additional 1,132 shares during the period. SevenBridge Financial Group LLC’s holdings in Caterpillar were worth $2,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in shares of Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after buying an additional 5,371 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Caterpillar in the 3rd quarter valued at about $393,000. Benjamin Edwards Inc. boosted its position in shares of Caterpillar by 976.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 31,796 shares of the industrial products company’s stock valued at $12,441,000 after acquiring an additional 28,841 shares during the last quarter. Ascent Group LLC grew its holdings in shares of Caterpillar by 19.4% during the third quarter. Ascent Group LLC now owns 1,138 shares of the industrial products company’s stock worth $445,000 after purchasing an additional 185 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its position in shares of Caterpillar by 38.8% in the third quarter. Hilltop Holdings Inc. now owns 3,982 shares of the industrial products company’s stock worth $1,557,000 after purchasing an additional 1,113 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CAT. DA Davidson boosted their price target 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. Truist Financial cut their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group raised their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Wedbush upgraded Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Finally, Bank of America decreased their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $383.80.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the firm’s 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 completion of the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, the director now owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Caterpillar Stock Up 0.2 %

Shares of NYSE:CAT opened at $330.40 on Wednesday. The firm has a market capitalization of $157.91 billion, a P/E ratio of 14.97, a P/E/G ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The stock has a 50 day moving average price of $352.51 and a 200-day moving average price of $372.33. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.