Caterpillar Inc. (NYSE:CAT) Shares Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 12.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,137 shares of the industrial products company’s stock after acquiring an additional 127 shares during the quarter. Interchange Capital Partners LLC’s holdings in Caterpillar were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of Caterpillar by 1.6% during the 4th quarter. Nordea Investment Management AB now owns 635,750 shares of the industrial products company’s stock worth $231,686,000 after buying an additional 10,212 shares during the last quarter. West Wealth Group LLC purchased a new position in Caterpillar in the fourth quarter worth approximately $230,000. Cadinha & Co. LLC acquired a new stake in Caterpillar during the fourth quarter worth $11,084,000. Atomi Financial Group Inc. raised its position in Caterpillar by 3.9% in the fourth quarter. Atomi Financial Group Inc. now owns 23,193 shares of the industrial products company’s stock valued at $8,414,000 after purchasing an additional 871 shares during the period. Finally, Copley Financial Group Inc. purchased a new position in shares of Caterpillar during the 3rd quarter worth $800,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CAT. Truist Financial decreased their target price 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. Jefferies Financial Group increased their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Wedbush upgraded Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Two 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 stock. According to MarketBeat, Caterpillar has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Up 1.8 %

Shares of NYSE:CAT opened at $341.83 on Tuesday. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The firm’s 50 day moving average price is $358.19 and its 200 day moving average price is $372.36. 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 stock has a market cap of $163.37 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Kaiser sold 2,425 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents 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 company insiders.

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.