Caterpillar, Inc. (CAT) Holdings Increased by Sterling Investment Management Inc.

Sterling Investment Management Inc. boosted its position in Caterpillar, Inc. (NYSE:CAT) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,509 shares of the industrial products company’s stock after purchasing an additional 1 shares during the quarter. Sterling Investment Management Inc.’s holdings in Caterpillar were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. S. R. Schill & Associates lifted its stake in Caterpillar by 0.3% in the 1st quarter. S. R. Schill & Associates now owns 2,204 shares of the industrial products company’s stock worth $204,000 after purchasing an additional 6 shares in the last quarter. Northstar Group Inc. lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Northstar Group Inc. now owns 2,385 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 8 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Caterpillar by 0.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company’s stock worth $337,000 after purchasing an additional 10 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in Caterpillar by 0.3% in the 2nd quarter. Toth Financial Advisory Corp now owns 3,915 shares of the industrial products company’s stock worth $421,000 after purchasing an additional 10 shares in the last quarter. Finally, Tarbox Family Office Inc. lifted its stake in Caterpillar by 0.4% in the 2nd quarter. Tarbox Family Office Inc. now owns 2,887 shares of the industrial products company’s stock worth $310,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

In other 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 transaction, the insider now directly owns 18,188 shares in the company, valued at $2,078,888.40. The transaction was disclosed in a document filed with the SEC, 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. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.15% of the company’s stock.

Several analysts have issued reports on CAT shares. 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. 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. Vetr cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 target price on the stock. in a research note on Monday. Deutsche Bank AG cut shares of Caterpillar from a “buy” rating to a “hold” rating and lowered their target price for the stock from $121.00 to $106.00 in a research note on Friday, June 23rd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $133.00 target price (up from $123.00) on shares of Caterpillar in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus target price of $110.79.

Shares of Caterpillar, Inc. (CAT) opened at 120.94 on Wednesday. The stock has a 50 day moving average of $114.83 and a 200 day moving average of $104.09. Caterpillar, Inc. has a 52-week low of $79.93 and a 52-week high of $121.39. The stock has a market capitalization of $71.47 billion, a PE ratio of 675.64 and a beta of 1.24.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.23. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. Analysts forecast that Caterpillar, Inc. will post $5.24 earnings per share for the current year.

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Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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