Caterpillar Inc. (NYSE:CAT) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in Caterpillar Inc. (NYSE:CAT) by 44.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,697 shares of the industrial products company’s stock after acquiring an additional 523 shares during the period. Lindbrook Capital LLC’s holdings in Caterpillar were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CAT. Norges Bank acquired a new stake in shares of Caterpillar in the fourth quarter valued at $733,859,000. Sanders Capital LLC lifted its holdings in shares of Caterpillar by 60.7% in the first quarter. Sanders Capital LLC now owns 4,747,400 shares of the industrial products company’s stock valued at $724,333,000 after buying an additional 1,792,900 shares during the period. Thoroughbred Financial Services LLC lifted its holdings in shares of Caterpillar by 13,546.6% in the second quarter. Thoroughbred Financial Services LLC now owns 517,205 shares of the industrial products company’s stock valued at $51,720,000 after buying an additional 513,415 shares during the period. LSV Asset Management lifted its holdings in shares of Caterpillar by 65.5% in the first quarter. LSV Asset Management now owns 1,027,926 shares of the industrial products company’s stock valued at $139,273,000 after buying an additional 407,000 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Caterpillar by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after purchasing an additional 321,277 shares during the period. Institutional investors and hedge funds own 65.80% of the company’s stock.

NYSE:CAT opened at $124.54 on Friday. The firm has a market capitalization of $75.30 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.94 and a beta of 1.52. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. The company’s fifty day simple moving average is $134.01.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing the consensus estimate of $3.12 by ($0.29). The business had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.97 earnings per share. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 11.73 earnings per share for the current year.

CAT has been the topic of a number of recent analyst reports. Macquarie set a $115.00 target price on Caterpillar and gave the stock a “sell” rating in a research report on Tuesday, June 11th. UBS Group cut their target price on Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research report on Tuesday, June 4th. Standpoint Research raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Credit Suisse Group cut their target price on Caterpillar from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Atlantic Securities lowered Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $144.23.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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