Uncommon Cents Investing LLC Acquires 1,615 Shares of Caterpillar Inc. (NYSE:CAT)

Uncommon Cents Investing LLC grew its position in Caterpillar Inc. (NYSE:CAT) by 111.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,070 shares of the industrial products company’s stock after acquiring an additional 1,615 shares during the period. Uncommon Cents Investing LLC’s holdings in Caterpillar were worth $908,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CAT. Moneta Group Investment Advisors LLC increased its holdings in shares of Caterpillar by 130,632.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after purchasing an additional 9,776,533 shares during the period. Northern Trust Corp increased its position in shares of Caterpillar by 1.6% during the third quarter. Northern Trust Corp now owns 6,962,809 shares of the industrial products company’s stock valued at $1,900,847,000 after acquiring an additional 111,384 shares in the last quarter. Morgan Stanley boosted its stake in shares of Caterpillar by 0.7% during the 3rd quarter. Morgan Stanley now owns 6,830,849 shares of the industrial products company’s stock worth $1,864,823,000 after acquiring an additional 47,258 shares during the last quarter. FMR LLC lifted its stake in shares of Caterpillar by 14.9% during the 3rd quarter. FMR LLC now owns 6,038,207 shares of the industrial products company’s stock valued at $1,648,431,000 after buying an additional 781,111 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Caterpillar by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,440,783 shares of the industrial products company’s stock valued at $892,724,000 after acquiring an additional 92,360 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. Citigroup boosted their price objective on shares of Caterpillar from $255.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. Morgan Stanley assumed coverage on shares of Caterpillar in a report on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective on the stock. Truist Financial began coverage on shares of Caterpillar in a research report on Thursday, March 14th. They set a “buy” rating and a $390.00 price objective for the company. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 20th. Finally, Sanford C. Bernstein raised their price objective on shares of Caterpillar from $216.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average target price of $297.89.

Insider Transactions at Caterpillar

In other news, insider Lange Bob De sold 21,194 shares of Caterpillar stock in a transaction that occurred on 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 directly owns 61,092 shares in the company, valued at approximately $19,886,667.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $329.80, for a total value of $1,508,835.00. Following the sale, the insider now owns 23,474 shares in the company, valued at approximately $7,741,725.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 21,194 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $325.52, for a total value of $6,899,070.88. Following the completion of the transaction, the insider now directly owns 61,092 shares in the company, valued at $19,886,667.84. The disclosure for this sale can be found here. Insiders have sold a total of 45,769 shares of company stock valued at $14,509,306 over the last 90 days. 0.33% of the stock is owned by company insiders.

Caterpillar Stock Performance

CAT traded up $1.73 on Thursday, hitting $366.38. The company had a trading volume of 2,028,222 shares, compared to its average volume of 2,469,203. Caterpillar Inc. has a 1-year low of $204.04 and a 1-year high of $367.22. The stock has a market cap of $182.97 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.70 and a beta of 1.16. The company’s fifty day moving average price is $325.46 and its 200 day moving average price is $287.19. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.35 and a quick ratio of 0.87.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, February 5th. The industrial products company reported $5.23 EPS for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business had revenue of $17.07 billion during the quarter, compared to analyst estimates of $17.06 billion. During the same period in the prior year, the company posted $3.86 earnings per share. Caterpillar’s revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Caterpillar Inc. will post 21.25 earnings per share 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.