Lynx Investment Advisory Reduces Stake in Caterpillar Inc. (NYSE:CAT)

Lynx Investment Advisory decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,021 shares of the industrial products company’s stock after selling 55 shares during the quarter. Lynx Investment Advisory’s holdings in Caterpillar were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Caterpillar in the fourth quarter worth about $27,000. Cyrus J. Lawrence LLC bought a new stake in Caterpillar during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC bought a new position in shares of Caterpillar in the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Caterpillar in the fourth quarter worth $34,000. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Bank of America lowered their price objective on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Truist Financial lowered their target price on shares of Caterpillar from $455.00 to $438.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Wedbush raised Caterpillar to an “outperform” rating in a research report on Monday, February 3rd. Finally, Evercore ISI increased their target price on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $383.80.

Caterpillar Stock Down 0.2 %

Shares of Caterpillar stock opened at $335.49 on Monday. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. 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 company’s 50 day moving average is $358.61 and its 200 day moving average is $372.30. The company has a market cap of $160.34 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, January 30th. The industrial products company reported $5.14 earnings per share for the quarter, beating the consensus estimate of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the completion of the transaction, the chief financial officer now owns 45,182 shares in the company, valued at $17,173,226.38. This trade represents a 18.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,425 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the completion of the transaction, the insider now directly owns 6,275 shares of the company’s stock, valued at approximately $2,225,742.50. This trade represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by corporate insiders.

About Caterpillar

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.