Sullivan Bruyette Speros & Blaney LLC bought a new stake in shares of Caterpillar, Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,952 shares of the industrial products company’s stock, valued at approximately $210,000.
Other institutional investors have also made changes to their positions in the company. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $104,000. Motco increased its position in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 718 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Caterpillar by 92.9% during the 2nd quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 535 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Caterpillar during the 1st quarter valued at $107,000. Finally, Chicago Partners Investment Group LLC increased its position in shares of Caterpillar by 75.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 496 shares during the last quarter. 69.24% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the sale, the insider now owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,471 shares of company stock valued at $22,979,332. 0.14% of the stock is owned by company insiders.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at 128.19 on Wednesday. The company has a 50-day moving average price of $121.39 and a 200 day moving average price of $108.72. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $128.29. The stock has a market cap of $75.76 billion, a price-to-earnings ratio of 716.15 and a beta of 1.26.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities research analysts expect that Caterpillar, Inc. will post $5.25 earnings per share for the current year.
Several brokerages have recently issued reports on CAT. Vetr raised Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 target price for the company in a research report on Tuesday. Goldman Sachs Group, Inc. (The) raised their target price on Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. Deutsche Bank AG reaffirmed a “hold” rating and set a $121.00 target price (up from $120.00) on shares of Caterpillar in a research report on Monday. Credit Suisse Group reaffirmed a “hold” rating and set a $133.00 target price on shares of Caterpillar in a research report on Friday, September 22nd. Finally, ValuEngine lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have issued a buy rating to the company. Caterpillar currently has a consensus rating of “Hold” and a consensus target price of $115.98.
Caterpillar Company Profile
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