Financial Engines Advisors L.L.C. Grows Position in Caterpillar Inc. (NYSE:CAT)

Financial Engines Advisors L.L.C. boosted its stake in Caterpillar Inc. (NYSE:CAT) by 189.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,884 shares of the industrial products company’s stock after buying an additional 1,888 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Caterpillar were worth $1,046,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CAT. Flagship Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at $27,000. Cyrus J. Lawrence LLC purchased a new stake in shares of Caterpillar in the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Caterpillar in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CAT. Morgan Stanley reduced their price target on shares of Caterpillar from $330.00 to $300.00 and set an “underweight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on shares of Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Evercore ISI upped their price objective on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 19th. Bank of America decreased their target price on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, StockNews.com downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $383.80.

Insiders Place Their Bets

In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the completion of the acquisition, the director now owns 3,053 shares in the company, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,425 shares of the business’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 in the company, valued at $2,225,742.50. This 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.

Caterpillar Stock Down 0.5 %

Shares of NYSE:CAT opened at $339.35 on Friday. The firm has a 50 day simple moving average of $356.12 and a 200-day simple moving average of $372.01. Caterpillar Inc. has a twelve month low of $307.05 and a twelve month high of $418.50. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $162.19 billion, a PE ratio of 15.38, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS 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.