Embree Financial Group Acquires 171 Shares of Caterpillar Inc. $CAT

Embree Financial Group grew its position in Caterpillar Inc. (NYSE:CAT) by 26.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 817 shares of the industrial products company’s stock after acquiring an additional 171 shares during the period. Embree Financial Group’s holdings in Caterpillar were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Caterpillar by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock worth $1,386,626,000 after purchasing an additional 264,054 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock worth $1,230,239,000 after purchasing an additional 3,721,693 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Caterpillar by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock valued at $1,089,798,000 after purchasing an additional 15,347 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Caterpillar by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock valued at $1,064,951,000 after buying an additional 268,300 shares during the period. Finally, Invesco Ltd. raised its position in Caterpillar by 5.0% during the first quarter. Invesco Ltd. now owns 3,141,936 shares of the industrial products company’s stock valued at $1,036,211,000 after purchasing an additional 150,533 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup reissued a “buy” rating on shares of Caterpillar in a research note on Tuesday. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Oppenheimer cut their price objective on Caterpillar from $493.00 to $480.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Robert W. Baird increased their target price on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $464.33.

Insider Activity at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $463.76 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $485.34. The business has a 50-day simple moving average of $429.93 and a 200 day simple moving average of $372.59. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a market capitalization of $217.26 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.86 and a beta of 1.41.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same period last year, the company earned $5.99 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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.