Caterpillar Inc. (NYSE:CAT) Shares Sold by Busey Bank

Busey Bank cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,134 shares of the industrial products company's stock after selling 3,765 shares during the period. Busey Bank's holdings in Caterpillar were worth $23,102,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gilfoyle & Co LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $30,000. A.P. Gilfoyle & Co. L.P. bought a new stake in shares of Caterpillar during the 4th quarter valued at $30,000. Atlas Capital Advisors LLC boosted its holdings in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company's stock worth $25,000 after buying an additional 79 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company's stock worth $25,000 after buying an additional 95 shares during the period. Finally, First Capital Advisors Group LLC. bought a new position in Caterpillar in the 2nd quarter worth $30,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CAT. Wells Fargo & Company upped their target price on shares of Caterpillar from $290.00 to $325.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th. Stifel Nicolaus upped their target price on shares of Caterpillar from $285.00 to $293.00 and gave the stock a "buy" rating in a report on Tuesday, December 19th. The Goldman Sachs Group upped their target price on shares of Caterpillar from $274.00 to $357.00 and gave the stock a "buy" rating in a report on Tuesday, February 6th. StockNews.com cut shares of Caterpillar from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 20th. Finally, Truist Financial began coverage on shares of Caterpillar in a research note on Thursday, March 14th. They issued a "buy" rating and a $390.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $297.89.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 67,317 shares in the company, valued at approximately $20,197,792.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Caterpillar news, insider Anthony D. Fassino sold 4,575 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $329.80, for a total value of $1,508,835.00. Following the completion of the sale, the insider now directly owns 23,474 shares in the company, valued at $7,741,725.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm'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 transaction of $3,000,400.00. Following the completion of the sale, the chief financial officer now owns 67,317 shares of the company's stock, valued at $20,197,792.68. The disclosure for this sale can be found here. Insiders have sold 45,769 shares of company stock worth $14,509,306 in the last three months. Corporate insiders own 0.33% of the company's stock.

Caterpillar Trading Down 1.5 %

Caterpillar stock traded down $5.82 during midday trading on Monday, reaching $373.48. The stock had a trading volume of 2,689,410 shares, compared to its average volume of 2,454,004. The company has a quick ratio of 0.87, a current ratio of 1.35 and a debt-to-equity ratio of 1.25. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week high of $382.01. The firm has a market cap of $186.52 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17. The company has a fifty day moving average of $336.48 and a 200 day moving average of $291.65.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Monday, February 5th. The industrial products company reported $5.23 earnings per share for the quarter, topping analysts' consensus estimates of $4.76 by $0.47. The company had revenue of $17.07 billion for the quarter, compared to analyst estimates of $17.06 billion. Caterpillar had a net margin of 15.41% and a return on equity of 56.99%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.86 EPS. On average, analysts anticipate that Caterpillar Inc. will post 21.33 earnings per share for the current fiscal year.

Caterpillar Company 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.