710 Shares in Caterpillar Inc. (NYSE:CAT) Purchased by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 710 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other large investors have also recently modified their holdings of the stock. Atlas Capital Advisors LLC lifted its position in shares of Caterpillar by 272.4% during the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 95 shares during the last quarter. First Capital Advisors Group LLC. acquired a new position in shares of Caterpillar during the second quarter worth $30,000. CGC Financial Services LLC acquired a new stake in shares of Caterpillar in the 2nd quarter worth $31,000. Finally, SkyView Investment Advisors LLC purchased a new position in Caterpillar during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 4,575 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the sale, the insider now directly owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the sale, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 4,575 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total transaction of $1,508,835.00. Following the transaction, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,769 shares of company stock valued at $14,509,306. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Performance

CAT traded up $1.73 on Thursday, reaching $366.38. The company had a trading volume of 2,028,222 shares, compared to its average volume of 2,469,203. Caterpillar Inc. has a fifty-two week low of $204.04 and a fifty-two week high of $367.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35. The stock has a market cap of $182.97 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.70 and a beta of 1.16. The company’s fifty day moving average is $325.46 and its 200 day moving average is $287.19.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The company had revenue of $17.07 billion during the quarter, compared to analysts’ expectations of $17.06 billion. During the same period in the previous year, the company earned $3.86 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts predict that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CAT. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $345.00 to $385.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Evercore ISI downgraded shares of Caterpillar from an “outperform” rating to an “in-line” rating and increased their target price for the stock from $321.00 to $338.00 in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their target price on shares of Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley assumed coverage on shares of Caterpillar in a research report on Monday, January 8th. They issued an “equal weight” rating and a $270.00 price objective for the company. Finally, Truist Financial assumed coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $297.89.

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.