Diversified Enterprises LLC Raises Position in Caterpillar Inc. (NYSE:CAT)

Diversified Enterprises LLC increased its holdings in Caterpillar Inc. (NYSE:CAT) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,231 shares of the industrial products company’s stock after purchasing an additional 50 shares during the quarter. Diversified Enterprises LLC’s holdings in Caterpillar were worth $809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC increased its position in shares of Caterpillar by 7.8% in the fourth quarter. Natixis Advisors LLC now owns 248,548 shares of the industrial products company’s stock valued at $90,163,000 after acquiring an additional 18,041 shares during the period. Van Strum & Towne Inc. increased its position in shares of Caterpillar by 13.2% in the fourth quarter. Van Strum & Towne Inc. now owns 2,995 shares of the industrial products company’s stock valued at $1,086,000 after acquiring an additional 350 shares during the period. Copperwynd Financial LLC increased its position in shares of Caterpillar by 17.8% in the fourth quarter. Copperwynd Financial LLC now owns 2,042 shares of the industrial products company’s stock valued at $741,000 after acquiring an additional 308 shares during the period. Montis Financial LLC increased its position in shares of Caterpillar by 12.4% in the fourth quarter. Montis Financial LLC now owns 3,818 shares of the industrial products company’s stock valued at $1,385,000 after acquiring an additional 421 shares during the period. Finally, Kestra Advisory Services LLC increased its position in shares of Caterpillar by 4.1% in the fourth quarter. Kestra Advisory Services LLC now owns 163,946 shares of the industrial products company’s stock valued at $59,473,000 after acquiring an additional 6,479 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Wedbush raised shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Evercore ISI lifted their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Bank of America cut their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Jefferies Financial Group lifted their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two equities 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 company. According to MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Trading Up 2.1 %

Shares of NYSE CAT opened at $340.46 on Friday. The firm’s 50 day moving average price is $360.81 and its 200-day moving average price is $372.35. The company has a market cap of $162.72 billion, a PE ratio of 15.43, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts expect 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.