MV Capital Management Inc. Buys 277 Shares of Caterpillar Inc. (NYSE:CAT)

MV Capital Management Inc. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,990 shares of the industrial products company’s stock after purchasing an additional 277 shares during the quarter. MV Capital Management Inc.’s holdings in Caterpillar were worth $3,987,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CAT. Allianz SE bought a new position in Caterpillar during the fourth quarter worth about $17,339,000. Allstate Corp bought a new stake in Caterpillar during the 4th quarter worth approximately $5,221,000. Brown Brothers Harriman & Co. lifted its stake in Caterpillar by 0.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 13,308 shares of the industrial products company’s stock valued at $4,828,000 after buying an additional 58 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of Caterpillar by 23.6% during the fourth quarter. DnB Asset Management AS now owns 1,536 shares of the industrial products company’s stock worth $557,000 after acquiring an additional 293 shares during the period. Finally, Slagle Financial LLC boosted its stake in Caterpillar by 3.9% in the 4th quarter. Slagle Financial LLC now owns 6,858 shares of the industrial products company’s stock worth $2,488,000 after purchasing an additional 260 shares during the period. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $329.65 on Friday. The firm has a market capitalization of $157.55 billion, a PE ratio of 14.94, 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. The company’s 50-day moving average is $354.99 and its 200-day moving average is $371.98. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results 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 analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Evercore ISI boosted their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. DA Davidson raised their target price on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Raymond James upgraded shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Finally, Truist Financial dropped their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated 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 $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.

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.