Fidelis Capital Partners LLC Has $2.68 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Fidelis Capital Partners LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 32.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,228 shares of the industrial products company’s stock after acquiring an additional 1,997 shares during the period. Fidelis Capital Partners LLC’s holdings in Caterpillar were worth $2,681,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its holdings in shares of Caterpillar by 17.2% in the 1st quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company’s stock valued at $3,308,000 after buying an additional 1,327 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in Caterpillar in the first quarter valued at $926,000. Natixis Advisors LLC grew its position in shares of Caterpillar by 3.5% in the 2nd quarter. Natixis Advisors LLC now owns 278,259 shares of the industrial products company’s stock valued at $92,688,000 after acquiring an additional 9,321 shares during the period. Bailard Inc. raised its holdings in shares of Caterpillar by 3.1% in the 2nd quarter. Bailard Inc. now owns 13,435 shares of the industrial products company’s stock valued at $4,475,000 after purchasing an additional 398 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of Caterpillar in the 4th quarter valued at about $222,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In related news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares of the company’s stock, valued at $962,272.78. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other Caterpillar news, insider Cheryl H. Johnson sold 1,508 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $350.00, for a total transaction of $527,800.00. Following the completion of the sale, the insider now owns 18,515 shares in the company, valued at approximately $6,480,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The disclosure for this purchase can be found here. Insiders sold a total of 7,668 shares of company stock valued at $2,665,760 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America cut their price objective on Caterpillar from $385.00 to $376.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Barclays raised their price target on Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a report on Wednesday, August 7th. Citigroup began coverage on shares of Caterpillar in a report on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price objective on the stock. UBS Group raised their target price on shares of Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $336.31.

Caterpillar Stock Down 1.2 %

Shares of CAT opened at $368.82 on Friday. The stock’s 50-day moving average price is $343.68 and its two-hundred day moving average price is $344.83. Caterpillar Inc. has a 12 month low of $223.76 and a 12 month high of $382.01. The company has a market capitalization of $180.37 billion, a PE ratio of 16.65, a PEG ratio of 1.56 and a beta of 1.10. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, topping analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period in the previous year, the firm earned $5.55 earnings per share. The firm’s quarterly 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 year.

Caterpillar declared that its Board of Directors has authorized a stock buyback plan on Wednesday, June 12th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy 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 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.