Richwood Investment Advisors LLC Raises Holdings in Caterpillar Inc. (NYSE:CAT)

Richwood Investment Advisors LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,670 shares of the industrial products company’s stock after purchasing an additional 185 shares during the period. Caterpillar accounts for about 0.8% of Richwood Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Richwood Investment Advisors LLC’s holdings in Caterpillar were worth $969,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CAT. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Caterpillar in the 4th quarter valued at approximately $27,000. Cyrus J. Lawrence LLC purchased a new position in Caterpillar in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar in the 4th quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Caterpillar in the 4th quarter valued at approximately $34,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CAT shares. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and raised their price objective for the company from $355.00 to $385.00 in a research note on Monday, February 3rd. DA Davidson raised their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Bank of America dropped their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Citigroup raised their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $383.80.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gerald Johnson acquired 100 shares of Caterpillar stock in a transaction on Tuesday, February 4th. The shares were bought at an average price of $365.57 per share, for a total transaction of $36,557.00. Following the purchase, the director now owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This represents a 3.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $335.49 on Friday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The stock has a market capitalization of $160.34 billion, a P/E ratio of 15.20, a PEG ratio of 1.87 and a beta of 1.15. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average price is $358.61 and its 200 day moving average price is $372.05.

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, 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, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current 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.