Elo Mutual Pension Insurance Co Has $15.46 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Elo Mutual Pension Insurance Co trimmed its position in Caterpillar Inc. (NYSE:CAT) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,617 shares of the industrial products company’s stock after selling 3,855 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Caterpillar were worth $15,460,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Flagship Wealth Advisors LLC acquired a new stake in Caterpillar during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar during the fourth quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. The trade was a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 sale, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $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. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAT. Evercore ISI raised their price target on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley dropped their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Citigroup boosted their target price on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Wedbush raised Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Price Performance

NYSE CAT opened at $340.91 on Thursday. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. The company has a fifty day simple moving average of $356.95 and a 200 day simple moving average of $372.24. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market cap of $162.93 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.87 and a beta of 1.15.

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

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.