Caterpillar Inc. (NYSE:CAT) Shares Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,996 shares of the industrial products company’s stock after buying an additional 825 shares during the quarter. Caterpillar accounts for about 2.4% of Regency Capital Management Inc. DE’s portfolio, making the stock its 18th largest holding. Regency Capital Management Inc. DE’s holdings in Caterpillar were worth $3,663,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Acadian Asset Management LLC boosted its holdings in Caterpillar by 17.2% in the first quarter. Acadian Asset Management LLC now owns 9,037 shares of the industrial products company’s stock valued at $3,308,000 after purchasing an additional 1,327 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Caterpillar in the first quarter worth about $926,000. Natixis Advisors LLC raised its position in Caterpillar by 3.5% during the second 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 in the last quarter. Bailard Inc. lifted its holdings in Caterpillar by 3.1% in the second quarter. Bailard Inc. now owns 13,435 shares of the industrial products company’s stock valued at $4,475,000 after acquiring an additional 398 shares during the period. Finally, M&G Plc purchased a new stake in Caterpillar in the 1st quarter worth approximately $15,009,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of $338.59 per share, with a total value of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Cheryl H. Johnson sold 1,508 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $350.00, for a total transaction of $527,800.00. Following the completion of the transaction, the insider now directly 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 this hyperlink. Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price 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 $962,272.78. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 7,668 shares of company stock valued at $2,665,760. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Down 0.0 %

Shares of NYSE:CAT opened at $390.91 on Tuesday. Caterpillar Inc. has a 52-week low of $223.76 and a 52-week high of $397.22. The stock has a market cap of $191.18 billion, a P/E ratio of 17.65, a PEG ratio of 1.73 and a beta of 1.10. The business has a fifty day moving average of $347.54 and a two-hundred day moving average of $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.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $0.46. The firm had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.88%. Caterpillar’s revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business earned $5.55 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 21.91 earnings per share for the current year.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. Barclays boosted their target price on shares of Caterpillar from $315.00 to $335.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 7th. Raymond James assumed coverage on shares of Caterpillar in a research report on Friday, June 28th. They issued a “market perform” rating for the company. Citigroup started coverage on Caterpillar in a research note on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price target for the company. Truist Financial reiterated a “buy” rating and set a $399.00 price target (up previously from $390.00) on shares of Caterpillar in a research report on Wednesday, August 7th. Finally, Evercore ISI cut their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Hold” and an average price target of $339.94.

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.