Caterpillar Inc. (NYSE:CAT) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 248,548 shares of the industrial products company’s stock after purchasing an additional 18,041 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Caterpillar worth $90,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $34,000. Albion Financial Group UT boosted its position in shares of Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $36,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Caterpillar stock opened at $340.46 on Friday. The stock has a market cap of $162.72 billion, a P/E ratio of 15.43, 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 stock has a 50 day moving average of $360.81 and a 200-day moving average of $372.49. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50.

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 return on equity of 58.18% and a net margin of 16.65%. On average, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their target price on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Citigroup upped their target price on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Truist Financial reduced their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Evercore ISI upped their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an “in-line” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley reduced their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to 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 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 directly 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 through this hyperlink. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the purchase, the director now directly 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 disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.

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.