Caterpillar Inc. (NYSE:CAT) Stock Position Lessened by Knuff & Co LLC

Knuff & Co LLC cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,069 shares of the industrial products company’s stock after selling 38 shares during the period. Caterpillar accounts for about 2.3% of Knuff & Co LLC’s investment portfolio, making the stock its 11th largest position. Knuff & Co LLC’s holdings in Caterpillar were worth $7,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CAT. Halbert Hargrove Global Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC bought a new position in Caterpillar in the fourth quarter worth about $34,000. Albion Financial Group UT grew its position in Caterpillar by 334.8% in the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 77 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Caterpillar in the 4th quarter worth $36,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Down 1.6 %

NYSE CAT opened at $339.66 on Wednesday. The business has a 50 day moving average price of $362.29 and a 200-day moving average price of $372.93. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week high of $418.50. The company has a market cap of $162.33 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

Several research firms recently commented on CAT. Truist Financial dropped their price target on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the stock from $355.00 to $385.00 in a research report on Monday, February 3rd. Citigroup boosted their price target on shares of Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wedbush raised Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, Jefferies Financial Group increased their target price on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Hold” and a consensus price target of $383.80.

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.