Caterpillar Inc. (NYSE:CAT) Shares Purchased by Facet Wealth Inc.

Facet Wealth Inc. increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,143 shares of the industrial products company’s stock after purchasing an additional 74 shares during the quarter. Facet Wealth Inc.’s holdings in Caterpillar were worth $416,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Caterpillar by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after acquiring an additional 5,371 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Caterpillar by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 72,743 shares of the industrial products company’s stock worth $28,451,000 after acquiring an additional 3,051 shares in the last quarter. Coastline Trust Co boosted its position in shares of Caterpillar by 4.4% during the 3rd quarter. Coastline Trust Co now owns 6,376 shares of the industrial products company’s stock worth $2,494,000 after acquiring an additional 271 shares in the last quarter. KPP Advisory Services LLC acquired a new position in shares of Caterpillar during the 3rd quarter worth about $231,000. Finally, Turtle Creek Wealth Advisors LLC boosted its position in shares of Caterpillar by 1.5% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 20,114 shares of the industrial products company’s stock worth $7,867,000 after acquiring an additional 291 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CAT shares. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Truist Financial decreased their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Citigroup upped their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Up 2.1 %

CAT opened at $340.46 on Friday. The business has a 50 day moving average price of $360.81 and a two-hundred day moving average price of $372.49. 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 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.

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 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%. As a group, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

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.