Caterpillar Inc. (NYSE:CAT) Stock Position Lowered by Oxinas Partners Wealth Management LLC

Oxinas Partners Wealth Management LLC lessened its position in Caterpillar Inc. (NYSE:CATFree Report) by 13.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 761 shares of the industrial products company’s stock after selling 114 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Caterpillar were worth $225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CAT. Hutchens & Kramer Investment Management Group LLC acquired a new position in Caterpillar during the fourth quarter valued at $255,000. Tower Wealth Partners Inc. acquired a new position in Caterpillar in the 4th quarter worth about $273,000. Chicago Capital LLC increased its position in Caterpillar by 241.2% in the 4th quarter. Chicago Capital LLC now owns 13,767 shares of the industrial products company’s stock worth $4,070,000 after purchasing an additional 9,732 shares during the last quarter. Clarus Wealth Advisors acquired a new position in Caterpillar in the 4th quarter worth about $846,000. Finally, Covenant Asset Management LLC increased its position in Caterpillar by 168.0% in the 4th quarter. Covenant Asset Management LLC now owns 3,500 shares of the industrial products company’s stock worth $1,035,000 after purchasing an additional 2,194 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Down 0.8 %

Shares of CAT opened at $363.64 on Tuesday. Caterpillar Inc. has a 1 year low of $204.04 and a 1 year high of $367.93. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a 50 day simple moving average of $330.28 and a 200-day simple moving average of $289.03. The stock has a market cap of $181.60 billion, a PE ratio of 18.06, a PEG ratio of 1.75 and a beta of 1.17.

Caterpillar (NYSE:CATGet Free Report) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the prior year, the firm posted $3.86 EPS. Caterpillar’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CAT shares. Morgan Stanley assumed coverage on Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 target price on the stock. TD Cowen upped their price target on Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Citigroup upped their price target on Caterpillar from $255.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. upped their price target on Caterpillar from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Evercore ISI downgraded Caterpillar from an “outperform” rating to an “in-line” rating and upped their price target for the stock from $321.00 to $338.00 in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average price target of $297.89.

Check Out Our Latest Stock Analysis on CAT

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares of the company’s stock, valued at approximately $7,741,725.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $310.10, for a total value of $3,101,000.00. Following the completion of the sale, the chief financial officer now directly owns 57,317 shares in the company, valued at approximately $17,774,001.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,769 shares of company stock worth $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATFree Report).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.