Hillsdale Investment Management Inc. Lowers Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Hillsdale Investment Management Inc. lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 67.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,537 shares of the industrial products company’s stock after selling 3,140 shares during the period. Hillsdale Investment Management Inc.’s holdings in Caterpillar were worth $558,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Jefferies Financial Group increased their price objective on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, December 6th. UBS Group upgraded shares of Caterpillar from a “sell” rating to a “neutral” rating and upped their target price for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. DA Davidson lifted their price target on shares of Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Evercore ISI raised their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of “Hold” and an average price target of $383.80.

Caterpillar Trading Up 1.8 %

NYSE:CAT opened at $341.83 on Tuesday. The firm has a market capitalization of $163.37 billion, a price-to-earnings ratio of 15.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. 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 business has a fifty day moving average price of $358.19 and a 200-day moving average price of $372.36. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, with a total value of $36,557.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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. Insiders own 0.29% of the company’s stock.

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.