Catalyst Funds Management Pty Ltd Reduces Holdings in Caterpillar Inc. (NYSE:CAT)

Catalyst Funds Management Pty Ltd lessened its position in Caterpillar Inc. (NYSE:CAT) by 75.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 900 shares of the industrial products company’s stock after selling 2,700 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Caterpillar were worth $326,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CAT. Raymond James Financial Inc. bought a new stake in Caterpillar in the fourth quarter worth about $353,231,000. Proficio Capital Partners LLC boosted its holdings in Caterpillar by 50,072.7% during the 4th quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock valued at $291,938,000 after acquiring an additional 803,166 shares during the period. Amundi increased its stake in Caterpillar by 17.3% in the fourth quarter. Amundi now owns 2,166,087 shares of the industrial products company’s stock worth $782,109,000 after purchasing an additional 318,891 shares during the period. Zurich Insurance Group Ltd FI lifted its position in shares of Caterpillar by 4,018.6% during the third quarter. Zurich Insurance Group Ltd FI now owns 255,355 shares of the industrial products company’s stock worth $99,874,000 after purchasing an additional 249,155 shares during the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Caterpillar by 36,168.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,041 shares of the industrial products company’s stock valued at $82,361,000 after purchasing an additional 226,415 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CAT shares. DA Davidson lifted their price objective on shares of Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $385.00 in a report on Monday, February 3rd. Jefferies Financial Group raised their price objective on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Bank of America dropped their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup lifted their price objective on Caterpillar from $420.00 to $430.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $383.80.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the sale, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $380.09, for a total value of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares of the company’s stock, valued at approximately $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. 0.29% of the stock is owned by company insiders.

Caterpillar Price Performance

NYSE CAT opened at $340.46 on Friday. Caterpillar Inc. has a 12-month low of $307.05 and a 12-month high of $418.50. The firm’s fifty day simple moving average is $360.81 and its two-hundred day simple moving average is $372.49. 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 firm has a market capitalization of $162.72 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 EPS 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%. Analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.