Leo Wealth LLC Invests $861,000 in Caterpillar Inc. $CAT

Leo Wealth LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the fourth quarter, Holdings Channel reports. The firm bought 1,504 shares of the industrial products company’s stock, valued at approximately $861,000.

A number of other hedge funds also recently made changes to their positions in CAT. Marquette Asset Management LLC raised its stake in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares during the period. IFS Advisors LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $31,000. Joseph Group Capital Management bought a new stake in Caterpillar in the 3rd quarter valued at about $32,000. Rialto Wealth Management LLC raised its stake in Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 18 shares during the period. Finally, Noble Wealth Management PBC raised its stake in Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 35 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, insider Lange Bob De sold 22,656 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the transaction, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rodney Michael Shurman sold 2,278 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the transaction, the insider directly owned 1,443 shares of the company’s stock, valued at $1,096,117.23. The trade was a 61.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 125,950 shares of company stock worth $88,577,390. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Up 0.5%

CAT stock opened at $720.84 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $335.40 billion, a PE ratio of 38.30, a PEG ratio of 1.69 and a beta of 1.52. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $789.81. The stock has a 50-day simple moving average of $717.23 and a two-hundred day simple moving average of $616.99.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. The business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. Truist Financial boosted their price objective on Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Argus boosted their price objective on Caterpillar from $625.00 to $820.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group restated a “neutral” rating and issued a $677.00 price objective on shares of Caterpillar in a research note on Monday, February 2nd. Raymond James Financial restated a “market perform” rating on shares of Caterpillar in a research note on Wednesday, January 7th. Finally, Morgan Stanley boosted their price objective on Caterpillar from $400.00 to $425.00 and gave the company an “underweight” rating in a research note on Tuesday, February 3rd. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $737.55.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.