Caterpillar Inc. (NYSE:CAT) Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,512 shares of the industrial products company’s stock after buying an additional 167 shares during the period. HUB Investment Partners LLC’s holdings in Caterpillar were worth $1,274,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 0.7% during the third quarter. Geode Capital Management LLC now owns 10,213,455 shares of the industrial products company’s stock worth $3,987,206,000 after buying an additional 67,148 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Caterpillar by 1.4% in the 4th quarter. Fisher Asset Management LLC now owns 9,081,775 shares of the industrial products company’s stock valued at $3,294,505,000 after buying an additional 129,143 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Caterpillar by 1.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,627,513 shares of the industrial products company’s stock valued at $1,418,793,000 after buying an additional 64,452 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Caterpillar by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,289,101 shares of the industrial products company’s stock worth $1,193,154,000 after purchasing an additional 61,723 shares during the period. Finally, Amundi lifted its position in shares of Caterpillar by 17.3% during the 4th quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock valued at $782,109,000 after acquiring an additional 318,891 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Down 0.7 %

NYSE:CAT opened at $336.09 on Friday. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. 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 $160.63 billion, a PE ratio of 15.23, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s 50 day moving average is $358.92 and its two-hundred day moving average is $371.98.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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 net margin of 16.65% and a return on equity of 58.18%. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on CAT shares. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Bank of America cut their price objective on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Finally, Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Insider Activity at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost 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 represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Company 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.