Hardin Capital Partners LLC Sells 120 Shares of Caterpillar Inc. (NYSE:CAT)

Hardin Capital Partners LLC lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,347 shares of the industrial products company’s stock after selling 120 shares during the period. Hardin Capital Partners LLC’s holdings in Caterpillar were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Cottage Street Advisors LLC grew its stake in shares of Caterpillar by 1.0% in the 4th quarter. Cottage Street Advisors LLC now owns 5,797 shares of the industrial products company’s stock worth $2,103,000 after buying an additional 55 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in Caterpillar by 2.6% in the fourth quarter. Tyler Stone Wealth Management now owns 2,264 shares of the industrial products company’s stock worth $821,000 after acquiring an additional 58 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Caterpillar in the fourth quarter worth $1,233,000. Graney & King LLC purchased a new position in shares of Caterpillar in the 4th quarter worth about $112,000. Finally, Dechtman Wealth Management LLC boosted its stake in Caterpillar by 29.1% in the 4th quarter. Dechtman Wealth Management LLC now owns 852 shares of the industrial products company’s stock worth $309,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total value of $860,147.50. Following the sale, the insider now directly owns 6,275 shares in the company, valued at approximately $2,225,742.50. The trade was a 27.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were 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 of the company’s stock, valued at approximately $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 currently owned by company insiders.

Caterpillar Stock Performance

Shares of CAT opened at $342.65 on Wednesday. Caterpillar Inc. has a 52 week low of $307.05 and a 52 week 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 stock has a market cap of $163.76 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.87 and a beta of 1.15. The business has a 50-day simple moving average of $357.63 and a two-hundred day simple moving average of $372.46.

Caterpillar (NYSE:CAT) last issued 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 net margin of 16.65% and a return on equity of 58.18%. On average, analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CAT. Bank of America decreased their target price on shares of Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial lowered their price objective on Caterpillar from $455.00 to $438.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. DA Davidson upped their price target on Caterpillar from $350.00 to $357.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Raymond James upgraded Caterpillar from a “market perform” rating to an “outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their target price on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently 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.