Ausdal Financial Partners Inc. Grows Position in Caterpillar Inc. (NYSE:CAT)

Ausdal Financial Partners Inc. boosted its position in Caterpillar Inc. (NYSE:CAT) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,127 shares of the industrial products company’s stock after buying an additional 227 shares during the quarter. Caterpillar makes up about 2.2% of Ausdal Financial Partners Inc.’s holdings, making the stock its 5th biggest position. Ausdal Financial Partners Inc.’s holdings in Caterpillar were worth $25,077,000 at the end of the most recent reporting period.

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

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson acquired 100 shares of the company’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 acquisition, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 2,425 shares of the firm’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 transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This trade represents a 27.87 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CAT. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial decreased their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, 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 research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Trading Up 0.3 %

Shares of CAT opened at $342.65 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42. The company has a market cap of $163.76 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15. The stock has a fifty day moving average price of $357.63 and a two-hundred day moving average price of $372.46. Caterpillar Inc. has a 52-week low of $307.05 and a 52-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 (EPS) for the quarter, beating 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%. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.