United Capital Management of KS Inc. grew its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,068 shares of the industrial products company’s stock after acquiring an additional 658 shares during the quarter. Caterpillar comprises approximately 2.1% of United Capital Management of KS Inc.’s portfolio, making the stock its 14th biggest holding. United Capital Management of KS Inc.’s holdings in Caterpillar were worth $11,270,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in CAT. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $34,000. Albion Financial Group UT lifted its position in Caterpillar by 334.8% during the fourth 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 during the period. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar during the fourth quarter worth about $36,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Caterpillar Price Performance
CAT stock opened at $340.46 on Friday. 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 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 price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The stock has a 50-day simple moving average of $360.81 and a 200-day simple moving average of $372.35.
Insider Buying and Selling at Caterpillar
In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the stock in a transaction on 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 directly owns 3,053 shares in the company, valued at $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 can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the firm’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 value of $860,147.50. Following the sale, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade 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 insiders.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. DA Davidson increased their target price on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Morgan Stanley reduced their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. Citigroup increased their target price on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $383.80.
View Our Latest Analysis on CAT
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.
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