PAX Financial Group LLC Decreases Holdings in Caterpillar Inc. (NYSE:CAT)

PAX Financial Group LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 40.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 598 shares of the industrial products company’s stock after selling 400 shares during the quarter. PAX Financial Group LLC’s holdings in Caterpillar were worth $217,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new stake in Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Caterpillar during the 4th quarter worth $34,000. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Bank of America lowered their price target on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. UBS Group raised shares of Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $355.00 to $385.00 in a report on Monday, February 3rd. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two equities research 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $380.09, for a total value of $3,800,900.00. Following the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT opened at $287.57 on Friday. Caterpillar Inc. has a 52-week low of $281.50 and a 52-week high of $418.50. The company has a fifty day moving average of $346.83 and a 200-day moving average of $371.19. The company has a market capitalization of $137.44 billion, a P/E ratio of 13.03, a P/E/G 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 posted its quarterly earnings data 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 return on equity of 58.18% and a net margin of 16.65%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.