RFG Advisory LLC Reduces Stake in Caterpillar Inc. (NYSE:CAT)

RFG Advisory LLC lowered its position in Caterpillar Inc. (NYSE:CAT) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,452 shares of the industrial products company’s stock after selling 197 shares during the period. RFG Advisory LLC’s holdings in Caterpillar were worth $1,908,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CAT. Cornerstone Wealth Management LLC grew its position in shares of Caterpillar by 1.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,507 shares of the industrial products company’s stock valued at $1,037,000 after purchasing an additional 36 shares during the period. ACT Wealth Management LLC grew its position in shares of Caterpillar by 4.3% in the fourth quarter. ACT Wealth Management LLC now owns 877 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 36 shares during the period. Farther Finance Advisors LLC grew its position in Caterpillar by 6.6% during the second quarter. Farther Finance Advisors LLC now owns 595 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 37 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in Caterpillar by 2.0% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,893 shares of the industrial products company’s stock valued at $560,000 after acquiring an additional 37 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC grew its position in Caterpillar by 2.0% during the fourth quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,916 shares of the industrial products company’s stock valued at $567,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, Director David Maclennan purchased 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director David Maclennan purchased 350 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were acquired at an average cost of $323.37 per share, for a total transaction of $113,179.50. Following the transaction, the director now owns 5,238 shares of the company’s stock, valued at $1,693,812.06. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the sale, the chief financial officer now owns 67,317 shares in the company, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CAT has been the subject of a number of research reports. Citigroup boosted their price target on Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group boosted their price target on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price target for the company. Stifel Nicolaus upped their target price on Caterpillar from $285.00 to $293.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Wells Fargo & Company upped their target price on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average price target of $297.89.

Caterpillar Trading Down 0.4 %

Shares of NYSE CAT opened at $371.87 on Wednesday. The stock’s 50 day moving average price is $339.23 and its two-hundred day moving average price is $293.06. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The stock has a market capitalization of $185.71 billion, a P/E ratio of 18.46, a PEG ratio of 1.66 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The firm had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. During the same quarter in the prior year, the firm posted $3.86 earnings per share. Caterpillar’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share 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.