FundX Investment Group LLC Has $860,000 Stake in Caterpillar, Inc. (CAT)
FundX Investment Group LLC maintained its position in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the industrial products company’s stock at the end of the second quarter. Caterpillar accounts for 0.4% of FundX Investment Group LLC’s holdings, making the stock its 22nd largest holding. FundX Investment Group LLC’s holdings in Caterpillar were worth $860,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of Caterpillar by 11.9% in the 2nd quarter. Parallel Advisors LLC now owns 2,386 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 254 shares during the period. Minneapolis Portfolio Management Group LLC lifted its stake in shares of Caterpillar by 2.4% in the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 193,372 shares of the industrial products company’s stock valued at $20,780,000 after purchasing an additional 4,499 shares during the period. Hanson McClain Inc. lifted its stake in shares of Caterpillar by 81.1% in the 2nd quarter. Hanson McClain Inc. now owns 1,313 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 588 shares during the period. MEMBERS Trust Co lifted its stake in shares of Caterpillar by 40.4% in the 2nd quarter. MEMBERS Trust Co now owns 45,636 shares of the industrial products company’s stock valued at $4,904,000 after purchasing an additional 13,130 shares during the period. Finally, Syntal Capital Partners LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at $317,000. 69.24% of the stock is currently owned by institutional investors.
Several analysts recently commented on CAT shares. Credit Suisse Group AG reaffirmed a “hold” rating and set a $133.00 price objective on shares of Caterpillar in a research note on Friday, September 22nd. ValuEngine downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. UBS AG raised Caterpillar from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $140.00 in a research note on Monday, September 18th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Caterpillar in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $114.03.
In other Caterpillar news, insider Suzette M. Long sold 13,859 shares of the company’s stock in a transaction dated 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 directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Osborn sold 5,000 shares of the company’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 disclosure for this sale can be found here. Insiders sold a total of 201,471 shares of company stock valued at $22,979,332 over the last ninety days. 0.14% of the stock is currently owned by insiders.
Caterpillar, Inc. (CAT) opened at 126.40 on Friday. The company has a market cap of $74.70 billion, a PE ratio of 706.15 and a beta of 1.26. The stock has a 50 day moving average price of $120.21 and a 200 day moving average price of $107.76. Caterpillar, Inc. has a one year low of $80.33 and a one year high of $127.09. Caterpillar also saw unusually large options trading activity on Wednesday. Traders bought 21,220 call options on the stock. This is an increase of 166% compared to the average daily volume of 7,980 call options.
Caterpillar (NYSE:CAT) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that Caterpillar, Inc. will post $5.25 EPS for the current fiscal year.
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