Oak Asset Management LLC Has $1.98 Million Holdings in Caterpillar Inc. (NYSE:CAT)

Oak Asset Management LLC cut its stake in shares of Caterpillar Inc. (NYSE:CATFree Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,705 shares of the industrial products company’s stock after selling 101 shares during the period. Oak Asset Management LLC’s holdings in Caterpillar were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CAT. BCK Partners Inc. acquired a new position in Caterpillar in the first quarter valued at about $2,580,000. Sei Investments Co. grew its stake in Caterpillar by 17.3% in the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock valued at $14,634,000 after acquiring an additional 9,695 shares during the period. Dakota Wealth Management acquired a new position in Caterpillar in the first quarter valued at about $405,000. Mather Group LLC. grew its stake in Caterpillar by 6.8% in the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock valued at $577,000 after acquiring an additional 165 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Caterpillar by 4.4% in the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock valued at $11,075,000 after acquiring an additional 2,076 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Sanford C. Bernstein boosted their target price on Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. Truist Financial began coverage on Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. Morgan Stanley began coverage on Caterpillar in a research report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. Wells Fargo & Company upped their price objective on Caterpillar from $290.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 6th. Finally, Robert W. Baird upped their price objective on Caterpillar from $210.00 to $257.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $297.89.

Get Our Latest Analysis on Caterpillar

Caterpillar Trading Up 0.1 %

NYSE:CAT traded up $0.54 during trading hours on Thursday, hitting $376.33. 261,890 shares of the company were exchanged, compared to its average volume of 2,421,381. The company has a fifty day simple moving average of $333.50 and a 200 day simple moving average of $290.24. Caterpillar Inc. has a one year low of $204.04 and a one year high of $379.47. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $187.94 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.17.

Caterpillar (NYSE:CATGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping 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 firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period last year, the company posted $3.86 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts expect that Caterpillar Inc. will post 21.25 EPS for the current fiscal year.

Insider Activity

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $300.04, for a total value of $3,000,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Caterpillar news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $325.52, for a total transaction of $6,899,070.88. Following the completion of the transaction, the insider now owns 61,092 shares in the company, valued at approximately $19,886,667.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar 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 transaction, the chief financial officer now owns 67,317 shares of the company’s stock, valued at approximately $20,197,792.68. The disclosure for this sale can be found here. Insiders sold a total of 45,769 shares of company stock worth $14,509,306 in the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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