Axxcess Wealth Management LLC Increases Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Axxcess Wealth Management LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,706 shares of the industrial products company’s stock after buying an additional 549 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Caterpillar were worth $7,511,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new position in Caterpillar during the fourth quarter worth $31,000. Retirement Wealth Solutions LLC acquired a new position in Caterpillar during the fourth quarter worth $34,000. Finally, Albion Financial Group UT raised its holdings in Caterpillar by 334.8% during the fourth 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 last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $17,173,226.38. This represents a 18.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now directly 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. Company insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CAT shares. Wedbush raised Caterpillar to an “outperform” rating in a report on Monday, February 3rd. StockNews.com cut Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Finally, Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $383.80.

Caterpillar Price Performance

Shares of NYSE CAT opened at $342.66 on Tuesday. Caterpillar Inc. has a 1-year low of $307.05 and a 1-year high of $418.50. The business has a 50-day moving average of $360.39 and a 200-day moving average of $372.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The company has a market capitalization of $163.77 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.