B. Metzler seel. Sohn & Co. AG Sells 16,473 Shares of Caterpillar Inc. (NYSE:CAT)

B. Metzler seel. Sohn & Co. AG reduced its position in Caterpillar Inc. (NYSE:CAT) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,141 shares of the industrial products company’s stock after selling 16,473 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Caterpillar were worth $45,024,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Cannell & Spears LLC increased its position in shares of Caterpillar by 0.6% during the fourth quarter. Cannell & Spears LLC now owns 19,225 shares of the industrial products company’s stock worth $6,974,000 after acquiring an additional 109 shares in the last quarter. Summit Financial LLC increased its holdings in Caterpillar by 2.3% during the 4th quarter. Summit Financial LLC now owns 37,737 shares of the industrial products company’s stock worth $13,689,000 after purchasing an additional 853 shares in the last quarter. Hoey Investments Inc. raised its stake in shares of Caterpillar by 143.1% in the fourth quarter. Hoey Investments Inc. now owns 2,193 shares of the industrial products company’s stock worth $796,000 after purchasing an additional 1,291 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Caterpillar by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 548,251 shares of the industrial products company’s stock valued at $198,884,000 after purchasing an additional 5,248 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Caterpillar by 223.1% during the fourth quarter. Meeder Asset Management Inc. now owns 252 shares of the industrial products company’s stock valued at $91,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Truist Financial dropped their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Evercore ISI boosted 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. Morgan Stanley reduced their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Two 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.com, Caterpillar presently has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Down 2.8 %

CAT opened at $329.65 on Monday. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a market cap of $157.55 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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 50 day moving average of $354.99 and a 200 day moving average of $372.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.29% of the company’s stock.

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.