S&CO Inc. Has $15.36 Million Position in Caterpillar, Inc. (CAT)
S&CO Inc. reduced its holdings in Caterpillar, Inc. (NYSE:CAT) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 142,890 shares of the industrial products company’s stock after selling 485 shares during the quarter. Caterpillar makes up 2.0% of S&CO Inc.’s portfolio, making the stock its 14th biggest holding. S&CO Inc.’s holdings in Caterpillar were worth $15,355,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Reilly Financial Advisors LLC increased its stake in Caterpillar by 92.9% in the second 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 acquired a new position in Caterpillar in the first quarter valued at $107,000. First Personal Financial Services increased its stake in Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 750 shares during the last quarter. Harfst & Associates Inc. acquired a new position in Caterpillar in the first quarter valued at $111,000. Finally, Financial Architects Inc increased its stake in Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 69.23% of the company’s stock.
In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of Caterpillar 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 transaction, the insider now owns 18,188 shares in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.15% of the company’s stock.
Caterpillar, Inc. (NYSE:CAT) opened at 119.63 on Thursday. The company has a 50-day moving average price of $115.20 and a 200-day moving average price of $104.28. The stock has a market cap of $70.70 billion, a P/E ratio of 668.32 and a beta of 1.24. Caterpillar, Inc. has a one year low of $80.23 and a one year high of $121.39.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the company earned $1.09 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Caterpillar, Inc. will post $5.24 earnings per share for the current year.
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Several research firms recently commented on CAT. Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price for the company. in a research note on Monday. BMO Capital Markets reiterated a “buy” rating and issued a $130.00 target price on shares of Caterpillar in a research note on Friday, September 8th. Seaport Global Securities began coverage on Caterpillar in a research note on Wednesday, September 6th. They issued a “neutral” rating and a $120.00 target price for the company. ValuEngine upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $100.00 target price on shares of Caterpillar in a research note on Tuesday, August 29th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $110.79.
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