Private Portfolio Partners LLC Sells 31 Shares of Caterpillar Inc. (NYSE:CAT)

Private Portfolio Partners LLC reduced its position in Caterpillar Inc. (NYSE:CAT) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 982 shares of the industrial products company’s stock after selling 31 shares during the quarter. Private Portfolio Partners LLC’s holdings in Caterpillar were worth $356,000 at the end of the most recent quarter.

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

Insider Activity

In related 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 value of $860,147.50. Following the completion of the sale, the insider now owns 6,275 shares of the company’s stock, valued at $2,225,742.50. The trade was a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerald Johnson bought 100 shares of the stock in a transaction 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 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 disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CAT shares. DA Davidson upped their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Evercore ISI upped their price objective on shares of Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Truist Financial cut their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Performance

Shares of CAT opened at $335.16 on Thursday. The company has a market cap of $160.18 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s fifty day simple moving average is $351.26 and its two-hundred day simple moving average is $372.07. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40.

Caterpillar (NYSE:CAT) last released 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%. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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.