Mercer Global Advisors Inc. ADV Has $15.35 Million Position in Caterpillar Inc. (NYSE:CAT)

Mercer Global Advisors Inc. ADV lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,529 shares of the industrial products company’s stock after purchasing an additional 5,395 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Caterpillar were worth $15,350,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Camden National Bank raised its position in Caterpillar by 9.6% in the 4th quarter. Camden National Bank now owns 1,833 shares of the industrial products company’s stock valued at $333,000 after buying an additional 160 shares during the last quarter. Lakeview Capital Partners LLC raised its position in Caterpillar by 12.7% in the 1st quarter. Lakeview Capital Partners LLC now owns 2,309 shares of the industrial products company’s stock valued at $535,000 after buying an additional 261 shares during the last quarter. GSB Wealth Management LLC acquired a new stake in Caterpillar in the 1st quarter valued at approximately $1,626,000. Wade G W & Inc. raised its position in Caterpillar by 8.0% in the 1st quarter. Wade G W & Inc. now owns 3,892 shares of the industrial products company’s stock valued at $902,000 after buying an additional 287 shares during the last quarter. Finally, Cadence Bank NA acquired a new stake in Caterpillar in the 1st quarter valued at approximately $342,000. 67.82% of the stock is currently owned by institutional investors.

CAT opened at $202.00 on Wednesday. The business has a fifty day simple moving average of $210.52 and a 200 day simple moving average of $222.31. The company has a market capitalization of $110.59 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. Caterpillar Inc. has a 1 year low of $142.73 and a 1 year high of $246.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.10.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.22. The business had revenue of $12.89 billion during the quarter, compared to the consensus estimate of $12.53 billion. Caterpillar had a return on equity of 30.80% and a net margin of 9.57%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. Equities analysts anticipate that Caterpillar Inc. will post 10.08 earnings per share for the current fiscal year.

In related news, Director David Maclennan acquired 500 shares of the company’s stock in a transaction on Wednesday, August 4th. The stock was purchased at an average cost of $206.20 per share, with a total value of $103,100.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

A number of equities research analysts recently issued reports on CAT shares. Credit Suisse Group dropped their target price on Caterpillar from $268.00 to $256.00 and set an “outperform” rating on the stock in a research report on Monday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on Caterpillar from $258.00 to $241.00 and set a “buy” rating for the company in a research note on Monday, August 2nd. The Goldman Sachs Group restated a “buy” rating and issued a $264.00 price target on shares of Caterpillar in a research note on Thursday, May 27th. Tigress Financial restated a “buy” rating and issued a $270.00 price target on shares of Caterpillar in a research note on Friday, August 6th. Finally, Morgan Stanley decreased their price target on Caterpillar from $181.00 to $172.00 and set an “underweight” rating for the company in a research note on Monday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $233.80.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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