Level Four Advisory Services LLC Sells 242 Shares of Caterpillar Inc. (NYSE:CAT)

Level Four Advisory Services LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,061 shares of the industrial products company’s stock after selling 242 shares during the quarter. Level Four Advisory Services LLC’s holdings in Caterpillar were worth $5,827,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new stake in Caterpillar in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $34,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.5 %

CAT stock opened at $339.35 on Friday. The firm has a market cap of $162.19 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The firm has a fifty day moving average price of $356.12 and a 200 day moving average price of $372.01. 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 fifty-two week low of $307.05 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the purchase, the director now directly owns 3,053 shares of the company’s stock, 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.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. Truist Financial reduced their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Bank of America lowered their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Evercore ISI upped their target price on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Finally, Raymond James upgraded shares of 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. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and a consensus target price of $383.80.

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.