Aldebaran Financial Inc. Has $219,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Aldebaran Financial Inc. raised its position in Caterpillar Inc. (NYSE:CAT) by 14.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 657 shares of the industrial products company’s stock after acquiring an additional 82 shares during the period. Aldebaran Financial Inc.’s holdings in Caterpillar were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CAT. 3Chopt Investment Partners LLC bought a new position in Caterpillar in the second quarter worth $289,000. SPC Financial Inc. lifted its holdings in shares of Caterpillar by 72.5% during the 2nd quarter. SPC Financial Inc. now owns 1,121 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 471 shares during the period. Ted Buchan & Co acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $837,000. Advisory Alpha LLC raised its position in Caterpillar by 17.1% in the second quarter. Advisory Alpha LLC now owns 4,081 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 595 shares in the last quarter. Finally, Regency Capital Management Inc. DE lifted its stake in Caterpillar by 8.1% during the second quarter. Regency Capital Management Inc. DE now owns 10,996 shares of the industrial products company’s stock worth $3,663,000 after purchasing an additional 825 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gerald Johnson purchased 100 shares of Caterpillar stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the transaction, the director now directly owns 2,842 shares of the company’s stock, valued at $962,272.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Gerald Johnson purchased 100 shares of the stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of $338.59 per share, with a total value of $33,859.00. Following the purchase, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 3,185 shares of Caterpillar stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total transaction of $1,119,081.60. Following the transaction, the insider now directly owns 33,442 shares in the company, valued at approximately $11,750,181.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,668 shares of company stock valued at $2,665,760. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $390.91 on Tuesday. The business’s 50-day simple moving average is $347.54 and its 200 day simple moving average is $346.82. The company has a quick ratio of 0.78, a current ratio of 1.28 and a debt-to-equity ratio of 1.39. The stock has a market cap of $191.18 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.73 and a beta of 1.10. Caterpillar Inc. has a 12-month low of $223.76 and a 12-month high of $397.22.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.46. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.55 EPS. As a group, research analysts anticipate that Caterpillar Inc. will post 21.91 earnings per share for the current year.

Caterpillar declared that its board has authorized a stock buyback program on Wednesday, June 12th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 12.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent research reports. Citigroup started coverage on Caterpillar in a report on Wednesday, June 26th. They issued a “buy” rating and a $380.00 target price for the company. StockNews.com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Barclays increased their target price on shares of Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 7th. Bank of America boosted their price target on shares of Caterpillar from $376.00 to $434.00 and gave the company a “buy” rating in a research report on Monday. Finally, UBS Group raised their price objective on shares of Caterpillar from $270.00 to $285.00 and gave the stock a “sell” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has an average rating of “Hold” and an average target price of $339.94.

About Caterpillar

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.