Saxon Interests Inc. Buys Shares of 710 Caterpillar Inc. (NYSE:CAT)

Saxon Interests Inc. acquired a new position in Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 710 shares of the industrial products company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the business. Waterway Wealth Management LLC purchased a new stake in Caterpillar during the 4th quarter valued at $352,000. Farmers Trust Co. raised its stake in Caterpillar by 2.7% in the fourth quarter. Farmers Trust Co. now owns 4,490 shares of the industrial products company’s stock valued at $1,328,000 after buying an additional 120 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Caterpillar by 16.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 367,655 shares of the industrial products company’s stock worth $100,370,000 after buying an additional 52,576 shares during the last quarter. Rise Advisors LLC grew its position in shares of Caterpillar by 7.8% in the 4th quarter. Rise Advisors LLC now owns 1,074 shares of the industrial products company’s stock valued at $318,000 after buying an additional 78 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Caterpillar by 176.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 27,357 shares of the industrial products company’s stock valued at $7,468,000 after buying an additional 17,478 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Price Performance

Caterpillar stock traded up $1.73 during mid-day trading on Thursday, hitting $366.38. 2,028,222 shares of the company traded hands, compared to its average volume of 2,469,203. The stock has a fifty day moving average price of $325.46 and a 200-day moving average price of $287.19. 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. Caterpillar Inc. has a one year low of $204.04 and a one year high of $367.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 1.35.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, beating the consensus estimate of $4.76 by $0.47. The firm had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $17.06 billion. Caterpillar had a return on equity of 56.99% and a net margin of 15.41%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post 21.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $300.04, for a total transaction of $3,000,400.00. Following the sale, the chief financial officer now directly owns 67,317 shares of the company’s stock, valued at $20,197,792.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Caterpillar 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 value of $6,899,070.88. Following the sale, the insider now owns 61,092 shares of the company’s stock, valued at approximately $19,886,667.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 67,317 shares in the company, valued at $20,197,792.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,769 shares of company stock valued at $14,509,306. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley began coverage on Caterpillar in a research note on Monday, January 8th. They set an “equal weight” rating and a $270.00 price objective for the company. The Goldman Sachs Group upped their price objective on Caterpillar from $274.00 to $357.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Stifel Nicolaus lifted their target price on shares of Caterpillar from $285.00 to $293.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. TD Cowen boosted their price objective on shares of Caterpillar from $300.00 to $338.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 20th. One equities research 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’s stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Hold” and a consensus target price of $297.89.

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.