Alaethes Wealth LLC raised its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,517 shares of the industrial products company’s stock after purchasing an additional 74 shares during the quarter. Alaethes Wealth LLC’s holdings in Caterpillar were worth $1,838,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CAT. Southland Equity Partners LLC raised its stake in Caterpillar by 4.0% during the 1st quarter. Southland Equity Partners LLC now owns 784 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 30 shares during the period. Davis Investment Partners LLC grew its position in shares of Caterpillar by 2.1% during the first quarter. Davis Investment Partners LLC now owns 1,454 shares of the industrial products company’s stock worth $541,000 after purchasing an additional 30 shares in the last quarter. Hilltop National Bank boosted its stake in Caterpillar by 1.2% in the 2nd quarter. Hilltop National Bank now owns 2,636 shares of the industrial products company’s stock worth $878,000 after purchasing an additional 31 shares during the period. Exchange Capital Management Inc. raised its position in shares of Caterpillar by 3.3% during the first quarter. Exchange Capital Management Inc. now owns 1,016 shares of the industrial products company’s stock valued at $372,000 after buying an additional 32 shares during the last quarter. Finally, D Orazio & Associates Inc. lifted its holdings in shares of Caterpillar by 4.0% in the first quarter. D Orazio & Associates Inc. now owns 835 shares of the industrial products company’s stock worth $306,000 after buying an additional 32 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, insider Cheryl H. Johnson sold 2,975 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the completion of the transaction, the insider now owns 15,615 shares of the company’s stock, valued at $5,347,825.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Anthony D. Fassino sold 3,185 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $351.36, for a total value of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares of the company’s stock, valued at approximately $11,750,181.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now directly owns 15,615 shares of the company’s stock, valued at $5,347,825.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,668 shares of company stock valued at $2,665,760. Company insiders own 0.33% of the company’s stock.
Analysts Set New Price Targets
Caterpillar Stock Down 1.2 %
Caterpillar stock opened at $368.85 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market capitalization of $180.39 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $382.01. The business has a 50 day simple moving average of $343.68 and a 200-day simple moving average of $344.75.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The business had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period last year, the company posted $5.55 EPS. The business’s revenue was down 3.6% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 21.88 EPS for the current fiscal year.
Caterpillar announced that its board has initiated a share repurchase plan on Wednesday, June 12th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 12.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
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.
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