Flagship Wealth Advisors LLC Buys New Position in Caterpillar Inc. (NYSE:CAT)

Flagship Wealth Advisors LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, Holdings Channel reports. The fund bought 73 shares of the industrial products company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Architects LLC grew its position in Caterpillar by 17.9% in the 4th quarter. Wealth Architects LLC now owns 4,139 shares of the industrial products company’s stock valued at $1,501,000 after buying an additional 628 shares in the last quarter. Cozad Asset Management Inc. boosted its position in shares of Caterpillar by 3.2% during the 4th quarter. Cozad Asset Management Inc. now owns 7,664 shares of the industrial products company’s stock valued at $2,780,000 after purchasing an additional 239 shares in the last quarter. TCTC Holdings LLC boosted its position in shares of Caterpillar by 96.0% during the 4th quarter. TCTC Holdings LLC now owns 196 shares of the industrial products company’s stock valued at $71,000 after purchasing an additional 96 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Caterpillar by 8.5% during the 4th quarter. Parallel Advisors LLC now owns 10,096 shares of the industrial products company’s stock valued at $3,663,000 after purchasing an additional 791 shares in the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Caterpillar by 3.3% during the 4th quarter. Cibc World Markets Corp now owns 217,681 shares of the industrial products company’s stock valued at $78,966,000 after purchasing an additional 6,984 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred 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 $17,173,226.38. This trade represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Caterpillar Price Performance

NYSE CAT opened at $336.67 on Wednesday. The company has a 50 day simple moving average of $359.86 and a 200-day simple moving average of $372.46. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The firm has a market capitalization of $160.90 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 52-week low of $307.05 and a 52-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 for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, DA Davidson upped their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $383.80.

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.