Markel Group Inc. Has $117.82 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Markel Group Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,800 shares of the industrial products company’s stock after buying an additional 6,050 shares during the quarter. Caterpillar makes up approximately 1.0% of Markel Group Inc.’s investment portfolio, making the stock its 29th largest position. Markel Group Inc. owned approximately 0.07% of Caterpillar worth $117,824,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new stake in shares of Caterpillar during the third quarter worth approximately $36,000. Retirement Wealth Solutions LLC bought a new stake in shares of Caterpillar during the fourth quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CAT shares. DA Davidson boosted their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Wedbush upgraded Caterpillar to an “outperform” rating in a research note on Monday, February 3rd. Bank of America cut their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Truist Financial cut their price target on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price target on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.80.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was acquired at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the completion of the acquisition, the director now directly owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 45,182 shares of the company’s stock, valued at $17,173,226.38. The trade was 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 Down 1.5 %

Shares of NYSE:CAT opened at $344.90 on Tuesday. The company has a fifty day moving average of $362.75 and a 200-day moving average of $373.00. The company has a market capitalization of $164.84 billion, a PE ratio of 15.63, a price-to-earnings-growth 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 Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.