Caterpillar Inc. (NYSE:CAT) Shares Purchased by Oarsman Capital Inc.

Oarsman Capital Inc. raised its position in Caterpillar Inc. (NYSE:CAT) by 4.1% during the 4th quarter, Holdings Channel reports. The firm owned 7,413 shares of the industrial products company’s stock after acquiring an additional 291 shares during the quarter. Oarsman Capital Inc.’s holdings in Caterpillar were worth $2,689,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Flagship Wealth Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Caterpillar during the 4th quarter valued at $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Caterpillar during the fourth quarter worth $34,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $287.57 on Friday. The firm’s fifty day simple moving average is $346.83 and its 200 day simple moving average is $371.19. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a twelve month low of $281.50 and a twelve month high of $418.50. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 13.03, 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%. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CAT shares. Citigroup increased their price objective on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Raymond James raised shares of Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. StockNews.com lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised Caterpillar from a “sell” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $385.00 in a research note on Monday, February 3rd. Finally, Truist Financial lowered their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Caterpillar currently has an average rating of “Hold” and an average target price of $383.80.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the sale, the chief financial officer now directly owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

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.