Strategy Asset Managers LLC Continues to Hold Holdings in Caterpillar, Inc. (CAT)
Strategy Asset Managers LLC continued to hold its stake in shares of Caterpillar, Inc. (NYSE:CAT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,400 shares of the industrial products company’s stock at the end of the 2nd quarter. Strategy Asset Managers LLC’s holdings in Caterpillar were worth $365,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the business. Baker Ellis Asset Management LLC purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $104,000. Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the first quarter worth $107,000. First Personal Financial Services lifted its position in shares of Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 750 shares in the last quarter. Harfst & Associates Inc. purchased a new position in shares of Caterpillar in the first quarter valued at $111,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Caterpillar by 75.6% in the second 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 period. 69.24% of the stock is owned by institutional investors.
CAT has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Credit Suisse Group reiterated a “hold” rating and issued a $133.00 price objective on shares of Caterpillar in a report on Friday, September 22nd. Tigress Financial reiterated a “buy” rating on shares of Caterpillar in a report on Monday, September 18th. Finally, UBS AG raised shares of Caterpillar from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $140.00 in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $114.03.
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Shares of Caterpillar, Inc. (NYSE:CAT) opened at 124.72 on Tuesday. The company has a 50-day moving average of $119.14 and a 200 day moving average of $107.25. The company has a market capitalization of $73.71 billion, a P/E ratio of 696.76 and a beta of 1.25. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $125.55.
Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Analysts forecast that Caterpillar, Inc. will post $5.25 EPS for the current year.
In other news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $113.67, for a total value of $568,350.00. The sale was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $1,584,083.70. Following the completion of the sale, the insider now directly owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,471 shares of company stock valued at $22,979,332. Company insiders own 0.14% of the company’s stock.
Caterpillar Company Profile
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