Atala Financial Inc Makes New Investment in Caterpillar Inc. (NYSE:CAT)

Atala Financial Inc acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 765 shares of the industrial products company’s stock, valued at approximately $278,000.

Several other hedge funds have also modified their holdings of CAT. Integras Partners LLC acquired a new stake in Caterpillar during the fourth quarter worth about $254,000. Madison Investment Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $8,516,000. JPL Wealth Management LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth about $4,910,000. Impact Capital Partners LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $600,000. Finally, DecisionMap Wealth Management LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $293,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAT. Truist Financial decreased their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Evercore ISI lifted their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $383.80.

Caterpillar Stock Down 1.4 %

CAT opened at $333.26 on Friday. 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 12 month low of $307.05 and a 12 month high of $418.50. The stock’s 50 day moving average price is $361.27 and its 200 day moving average price is $372.42. The stock has a market cap of $159.28 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 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. Company insiders own 0.29% of the company’s stock.

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.