NEOS Investment Management LLC Purchases 4,035 Shares of Caterpillar Inc. (NYSE:CAT)

NEOS Investment Management LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 11.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 38,473 shares of the industrial products company’s stock after acquiring an additional 4,035 shares during the period. NEOS Investment Management LLC’s holdings in Caterpillar were worth $13,956,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new stake in Caterpillar during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new stake in Caterpillar during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Caterpillar in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush raised shares of Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Bank of America dropped their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. reduced their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upped their price objective on shares of Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was bought at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the acquisition, the director now directly owns 3,053 shares in the company, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by company insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $340.91 on Thursday. The business has a 50 day moving average of $356.95 and a 200-day moving average of $372.24. The company has a market capitalization of $162.93 billion, a P/E ratio of 15.45, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 1 year low of $307.05 and a 1 year high of $418.50. 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 (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (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, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.