Windsor Group LTD lowered its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,216 shares of the industrial products company’s stock after selling 52 shares during the period. Windsor Group LTD’s holdings in Caterpillar were worth $1,037,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its holdings in shares of Caterpillar by 130,632.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock valued at $2,343,859,000 after acquiring an additional 9,776,533 shares in the last quarter. Geode Capital Management LLC raised its stake in Caterpillar by 2.7% in the first quarter. Geode Capital Management LLC now owns 9,375,637 shares of the industrial products company’s stock valued at $2,141,148,000 after purchasing an additional 244,930 shares in the last quarter. Fisher Asset Management LLC lifted its position in Caterpillar by 1.8% during the first quarter. Fisher Asset Management LLC now owns 7,522,869 shares of the industrial products company’s stock valued at $1,721,533,000 after purchasing an additional 132,253 shares during the last quarter. Morgan Stanley increased its holdings in shares of Caterpillar by 17.2% in the 4th quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock worth $1,583,053,000 after buying an additional 969,222 shares during the last quarter. Finally, FMR LLC raised its position in shares of Caterpillar by 22.1% during the 1st quarter. FMR LLC now owns 5,665,888 shares of the industrial products company’s stock valued at $1,296,582,000 after buying an additional 1,024,083 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.
Analyst Upgrades and Downgrades
CAT has been the subject of several research reports. Credit Suisse Group upped their target price on shares of Caterpillar from $279.00 to $334.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. The Goldman Sachs Group increased their price objective on Caterpillar from $274.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Tigress Financial raised their price objective on Caterpillar from $266.00 to $282.00 in a report on Wednesday, May 31st. DA Davidson started coverage on Caterpillar in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $263.00 target price for the company. Finally, Stifel Nicolaus lifted their price target on shares of Caterpillar from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $267.00.
Insider Transactions at Caterpillar
In related news, insider Anthony D. Fassino sold 2,923 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total value of $815,517.00. Following the completion of the transaction, the insider now directly owns 16,182 shares in the company, valued at approximately $4,514,778. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Cheryl H. Johnson sold 6,415 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $260.00, for a total transaction of $1,667,900.00. Following the transaction, the insider now directly owns 16,362 shares of the company’s stock, valued at approximately $4,254,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Anthony D. Fassino sold 2,923 shares of Caterpillar stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $279.00, for a total value of $815,517.00. Following the completion of the sale, the insider now directly owns 16,182 shares of the company’s stock, valued at approximately $4,514,778. The disclosure for this sale can be found here. Insiders sold a total of 54,918 shares of company stock valued at $15,299,870 in the last quarter. 0.33% of the stock is owned by insiders.
Caterpillar Trading Up 0.6 %
Shares of NYSE CAT opened at $280.88 on Tuesday. Caterpillar Inc. has a 1 year low of $160.60 and a 1 year high of $293.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.33 and a quick ratio of 0.83. The firm has a 50-day moving average of $273.63 and a 200 day moving average of $242.50. The stock has a market cap of $143.28 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.98. The firm had revenue of $17.30 billion during the quarter, compared to analyst estimates of $16.46 billion. Caterpillar had a net margin of 12.91% and a return on equity of 55.93%. The business’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $3.18 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.82 EPS for the current fiscal year.
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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