Florida Financial Advisors LLC Raises Stock Position in Caterpillar Inc. (NYSE:CAT)

Florida Financial Advisors LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 701 shares of the industrial products company’s stock after purchasing an additional 113 shares during the period. Florida Financial Advisors LLC’s holdings in Caterpillar were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar during the 4th quarter worth $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Up 0.3 %

Shares of Caterpillar stock opened at $342.65 on Wednesday. The company has a market capitalization of $163.76 billion, a P/E ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The business’s fifty day moving average price is $357.63 and its two-hundred day moving average price is $372.46.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

CAT has been the topic of several recent analyst reports. Morgan Stanley cut their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Truist Financial decreased their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. DA Davidson boosted their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, Raymond James raised 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 assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and a consensus price target of $383.80.

Insiders Place Their Bets

In other Caterpillar news, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

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.