ICW Investment Advisors LLC Invests $417,000 in Caterpillar Inc. (NYSE:CAT)

ICW Investment Advisors LLC purchased a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,148 shares of the industrial products company’s stock, valued at approximately $417,000.

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

Caterpillar Stock Performance

NYSE:CAT opened at $335.49 on Monday. The stock’s fifty day moving average is $358.61 and its 200 day moving average is $372.30. Caterpillar Inc. has a fifty-two week low of $307.05 and a fifty-two week high of $418.50. The firm has a market capitalization of $160.34 billion, a PE ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.89 and a current ratio of 1.42.

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%. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction dated 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 directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gerald Johnson purchased 100 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the purchase, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. The trade was a 3.39 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group boosted their price target on Caterpillar from $455.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $383.80.

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.