Brooklyn FI LLC Acquires New Holdings in Caterpillar Inc. (NYSE:CAT)

Brooklyn FI LLC bought a new position in Caterpillar Inc. (NYSE:CAT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,944 shares of the industrial products company’s stock, valued at approximately $755,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Caterpillar by 0.7% in the third quarter. Principal Financial Group Inc. now owns 729,654 shares of the industrial products company’s stock worth $285,382,000 after purchasing an additional 5,371 shares in the last quarter. BIP Wealth LLC bought a new position in Caterpillar in the 3rd quarter valued at about $287,000. PNC Financial Services Group Inc. increased its stake in Caterpillar by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 413,719 shares of the industrial products company’s stock valued at $161,814,000 after buying an additional 7,118 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Caterpillar in the third quarter valued at approximately $7,288,000. Finally, Commerce Bank lifted its position in Caterpillar by 8.8% in the third quarter. Commerce Bank now owns 142,698 shares of the industrial products company’s stock worth $55,812,000 after purchasing an additional 11,498 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now owns 45,182 shares in the company, valued at approximately $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 price of $365.57 per share, with a total value 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 $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by corporate insiders.

Caterpillar Price Performance

NYSE CAT opened at $338.60 on Thursday. 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 firm has a market capitalization of $161.83 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company has a 50 day simple moving average of $359.41 and a 200-day simple moving average of $372.23. Caterpillar Inc. has a 52-week low of $307.05 and a 52-week high of $418.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

CAT has been the subject of several research analyst reports. DA Davidson upped their price objective on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Truist Financial reduced their price objective on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Bank of America reduced their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Hold” and an average price target of $383.80.

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.