Baker Ellis Asset Management LLC acquired a new stake in Caterpillar, Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 965 shares of the industrial products company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. NGAM Advisors L.P. boosted its position in Caterpillar by 2.9% during the 2nd quarter. NGAM Advisors L.P. now owns 81,344 shares of the industrial products company’s stock worth $8,742,000 after acquiring an additional 2,286 shares during the last quarter. Bank of Nova Scotia boosted its position in Caterpillar by 527.0% during the 1st quarter. Bank of Nova Scotia now owns 196,294 shares of the industrial products company’s stock worth $18,208,000 after acquiring an additional 164,989 shares during the last quarter. Bancorpsouth Inc. boosted its position in Caterpillar by 1.2% during the 1st quarter. Bancorpsouth Inc. now owns 5,787 shares of the industrial products company’s stock worth $537,000 after acquiring an additional 69 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Caterpillar during the 1st quarter worth approximately $46,917,000. Finally, State of Tennessee Treasury Department boosted its position in Caterpillar by 58.4% during the 1st quarter. State of Tennessee Treasury Department now owns 288,338 shares of the industrial products company’s stock worth $26,746,000 after acquiring an additional 106,270 shares during the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.

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Caterpillar, Inc. (NYSE CAT) opened at 123.83 on Tuesday. The firm’s 50-day moving average price is $116.02 and its 200 day moving average price is $104.99. The company has a market cap of $73.18 billion, a PE ratio of 691.79 and a beta of 1.24. Caterpillar, Inc. has a 52-week low of $80.33 and a 52-week high of $124.43.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.23. The business had revenue of $11.33 billion for 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%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities analysts predict that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

In other Caterpillar news, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction on Friday, August 4th. The shares were 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 in the company, valued at $2,078,888.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. Corporate insiders own 0.15% of the company’s stock.

A number of equities analysts have weighed in on CAT shares. Vetr downgraded Caterpillar from a “buy” rating to a “hold” rating and set a $107.75 price target for the company. in a research report on Tuesday, May 23rd. Bank of America Corporation reaffirmed a “buy” rating and set a $120.00 price target on shares of Caterpillar in a research report on Thursday, May 25th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of Caterpillar in a research report on Wednesday, June 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $123.00 price target on shares of Caterpillar in a research report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Caterpillar presently has a consensus rating of “Hold” and an average target price of $113.55.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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