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% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,141 shares of the industrial products company’s stock after selling 16,473 shares during the quarter. 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 institutional investors have also recently modified their holdings of CAT. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar during the fourth quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar in the fourth quarter worth about $34,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the subject of several analyst reports. Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a report on Friday, December 6th. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a report on Monday, February 3rd. Truist Financial decreased their target price 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. Morgan Stanley cut their price target 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. Finally, Citigroup upped their price objective on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar presently 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 Caterpillar stock in a transaction on Tuesday, February 18th. The stock was 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 owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares in the company, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Trading Down 2.8 %

CAT opened at $329.65 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The stock has a market cap of $157.55 billion, a PE ratio of 14.94, a PEG ratio of 1.87 and a beta of 1.15. The business has a 50 day moving average of $354.99 and a 200-day moving average of $372.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share 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.