Highland Capital Management LLC Raises Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Highland Capital Management LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,401 shares of the industrial products company’s stock after purchasing an additional 2,130 shares during the quarter. Highland Capital Management LLC’s holdings in Caterpillar were worth $6,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atlas Capital Advisors LLC lifted its position in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after buying an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after buying an additional 95 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in Caterpillar in the 2nd quarter worth approximately $30,000. CGC Financial Services LLC bought a new stake in Caterpillar in the 2nd quarter worth approximately $31,000. Finally, SkyView Investment Advisors LLC bought a new stake in Caterpillar in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 2.3 %

Caterpillar stock opened at $364.65 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87. Caterpillar Inc. has a one year low of $204.04 and a one year high of $365.52. The stock has a market capitalization of $182.11 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The business’s fifty day moving average is $325.46 and its 200 day moving average is $287.19.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating the consensus estimate of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The company had revenue of $17.07 billion for the quarter, compared to analysts’ expectations of $17.06 billion. During the same period last year, the firm posted $3.86 earnings per share. Caterpillar’s revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 21.25 EPS for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total value of $6,899,070.88. Following the transaction, the insider now owns 61,092 shares of the company’s stock, valued at $19,886,667.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock valued at $14,509,306 over the last ninety days. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Robert W. Baird upped their target price on Caterpillar from $210.00 to $257.00 and gave the company an “underperform” rating in a report on Tuesday, February 6th. Truist Financial assumed coverage on Caterpillar in a report on Thursday, March 14th. They set a “buy” rating and a $390.00 target price for the company. Sanford C. Bernstein upped their target price on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a report on Thursday, December 21st. Finally, The Goldman Sachs Group upped their target price on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $297.89.

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.