Yoffe Investment Management LLC Takes Position in Caterpillar Inc. (NYSE:CAT)

Yoffe Investment Management LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, Holdings Channel.com reports. The firm acquired 3,403 shares of the industrial products company’s stock, valued at approximately $1,234,000. Caterpillar makes up 1.3% of Yoffe Investment Management LLC’s portfolio, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $27,000. Cyrus J. Lawrence LLC acquired a new position in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new stake in shares of Caterpillar during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $34,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $305.75 on Friday. 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 company has a market capitalization of $146.13 billion, a P/E ratio of 13.85, a P/E/G ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12 month low of $301.26 and a 12 month high of $418.50. The stock has a 50 day moving average of $349.24 and a 200-day moving average of $371.61.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Activity at Caterpillar

In other news, Director Gerald Johnson purchased 100 shares of Caterpillar 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 purchase, the director now directly owns 3,053 shares of the company’s stock, valued at $1,116,085.21. This trade represents a 3.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. The trade was a 18.12 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on CAT. Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. DA Davidson boosted their target price on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Wedbush raised shares of Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, Raymond James raised shares of 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $383.80.

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.