Investment House LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,987 shares of the company’s stock after selling 1,300 shares during the period. Investment House LLC’s holdings in Caterpillar were worth $833,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Culbertson A N & Co. Inc. purchased a new position in shares of Caterpillar during the first quarter worth $2,500,000. Iberiabank Corp boosted its position in shares of Caterpillar by 9.6% in the first quarter. Iberiabank Corp now owns 33,233 shares of the company’s stock worth $2,544,000 after buying an additional 2,903 shares in the last quarter. Macnealy Hoover Investment Management Inc. boosted its position in shares of Caterpillar by 6.5% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 12,735 shares of the company’s stock worth $975,000 after buying an additional 776 shares in the last quarter. Coastline Trust Co boosted its position in shares of Caterpillar by 5.8% in the first quarter. Coastline Trust Co now owns 12,350 shares of the company’s stock worth $945,000 after buying an additional 680 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Caterpillar by 1.2% in the first quarter. BLB&B Advisors LLC now owns 35,484 shares of the company’s stock worth $2,716,000 after buying an additional 428 shares in the last quarter. 69.03% of the stock is currently owned by institutional investors.
Shares of Caterpillar Inc. (NYSE:CAT) traded up 0.04% during mid-day trading on Thursday, hitting $83.50. The company had a trading volume of 3,925,245 shares. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 55.67 and a beta of 1.64. The company has a 50-day moving average price of $82.70 and a 200-day moving average price of $77.56. Caterpillar Inc. has a 1-year low of $56.36 and a 1-year high of $84.73.
Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.13. The business had revenue of $10.34 billion for the quarter, compared to analysts’ expectations of $10.06 billion. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. The business’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. On average, equities analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current year.
A number of equities analysts recently weighed in on CAT shares. Citigroup Inc. reissued a “neutral” rating and set a $75.00 price objective on shares of Caterpillar in a report on Tuesday, May 31st. Vetr lowered Caterpillar from a “strong-buy” rating to a “buy” rating and set a $80.77 price target on the stock. in a research report on Tuesday, May 31st. Jefferies Group restated a “hold” rating and set a $69.00 price target on shares of Caterpillar in a research report on Tuesday, June 21st. Zacks Investment Research lowered Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $87.00 price target on shares of Caterpillar in a research report on Wednesday, July 13th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $72.24.
In related news, Director Dennis A. Muilenburg bought 1,930 shares of the company’s stock in a transaction on Friday, July 29th. The shares were acquired at an average price of $82.75 per share, with a total value of $159,707.50. Following the transaction, the director now owns 9,558 shares of the company’s stock, valued at $790,924.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Bradley M. Halverson sold 2,841 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total value of $235,035.93. Following the sale, the insider now directly owns 20,232 shares in the company, valued at approximately $1,673,793.36. The disclosure for this sale can be found here. Company insiders own 0.15% of the company’s stock.
Caterpillar Company Profile
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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