2,427 Shares in Caterpillar Inc. (NYSE:CAT) Acquired by Generali Investments Management Co LLC

Generali Investments Management Co LLC bought a new position in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,427 shares of the industrial products company’s stock, valued at approximately $880,000.

Several other hedge funds have also modified their holdings of CAT. Principal Financial Group Inc. boosted its position in shares of Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after acquiring an additional 5,371 shares during the last quarter. Caprock Group LLC raised its holdings 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 buying an additional 1,661 shares during the period. Chesapeake Wealth Management raised its holdings 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 buying an additional 177 shares during the period. OneAscent Financial Services LLC purchased a new position in Caterpillar in the third quarter valued at approximately $4,369,000. Finally, Prospera Financial Services Inc raised its holdings 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 buying an additional 7,293 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial cut their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Bank of America cut their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Wedbush upgraded shares of Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Finally, Morgan Stanley dropped their price objective on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Down 1.7 %

Shares of NYSE:CAT opened at $336.67 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $359.86 and a 200 day simple moving average of $372.46. The firm 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 Inc. has a 12-month low of $307.05 and a 12-month high of $418.50.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.