Horizon Investments LLC Increases Stock Position in Caterpillar Inc. (NYSE:CAT)

Horizon Investments LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,267 shares of the industrial products company’s stock after purchasing an additional 144 shares during the period. Horizon Investments LLC’s holdings in Caterpillar were worth $2,988,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock valued at $285,382,000 after acquiring an additional 5,371 shares in the last quarter. Caprock Group LLC boosted its stake in Caterpillar by 14.7% in the third quarter. Caprock Group LLC now owns 12,937 shares of the industrial products company’s stock valued at $5,060,000 after acquiring an additional 1,661 shares in the last quarter. Chesapeake Wealth Management boosted its stake in Caterpillar by 7.7% in the third quarter. Chesapeake Wealth Management now owns 2,480 shares of the industrial products company’s stock valued at $970,000 after acquiring an additional 177 shares in the last quarter. OneAscent Financial Services LLC acquired a new stake in Caterpillar in the third quarter valued at approximately $4,369,000. Finally, Prospera Financial Services Inc boosted its stake in Caterpillar by 8.3% in the third quarter. Prospera Financial Services Inc now owns 95,620 shares of the industrial products company’s stock valued at $37,409,000 after acquiring an additional 7,293 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of Caterpillar 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 sale, the insider now owns 6,275 shares in the company, valued at approximately $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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CAT shares. Citigroup raised their target price 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. Bank of America decreased their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Truist Financial decreased their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Jefferies Financial Group raised their price target on shares of Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. 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 stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and an average target price of $383.80.

Caterpillar Trading Down 1.7 %

Shares of Caterpillar stock opened at $336.67 on Wednesday. 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. The firm has a fifty day moving average price of $359.86 and a 200 day moving average price of $372.46. The stock has a market cap of $160.90 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released 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%. 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.