HBK Sorce Advisory LLC Purchases 88 Shares of Caterpillar Inc. (NYSE:CAT)

HBK Sorce Advisory LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,316 shares of the industrial products company’s stock after buying an additional 88 shares during the period. HBK Sorce Advisory LLC’s holdings in Caterpillar were worth $3,379,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $27,000. Noble Wealth Management PBC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at about $34,000. Albion Financial Group UT lifted its position in shares of Caterpillar by 334.8% during the 4th quarter. Albion Financial Group UT now owns 100 shares of the industrial products company’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Finally, Whipplewood Advisors LLC purchased a new position in Caterpillar in the 4th quarter worth approximately $36,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerald Johnson purchased 100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $365.57 per share, for a total transaction of $36,557.00. Following the transaction, the director now directly owns 3,053 shares in the company, valued at approximately $1,116,085.21. This represents a 3.39 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CAT shares. Raymond James raised Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Citigroup boosted their price target on Caterpillar from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Bank of America reduced their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Truist Financial lowered their target price on Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the company from $355.00 to $385.00 in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $383.80.

Caterpillar Stock Performance

CAT stock opened at $338.50 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $361.80 and its two-hundred day simple moving average is $372.69. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The firm has a market cap of $161.78 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, topping 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 predict that Caterpillar Inc. will post 19.86 earnings per share for the current 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.