Caterpillar, Inc. (CAT) Stake Boosted by Atwood & Palmer Inc.

Atwood & Palmer Inc. lifted its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,740 shares of the industrial products company’s stock after purchasing an additional 40 shares during the quarter. Atwood & Palmer Inc.’s holdings in Caterpillar were worth $294,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Caterpillar by 5.2% during the 2nd quarter. Principal Financial Group Inc. now owns 871,852 shares of the industrial products company’s stock worth $93,689,000 after purchasing an additional 43,294 shares during the period. Sullivan Bruyette Speros & Blaney LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth $210,000. Motco grew its stake in shares of Caterpillar by 264.9% during the 2nd quarter. Motco now owns 989 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 718 shares during the period. Homrich & Berg grew its stake in shares of Caterpillar by 10.5% during the 2nd quarter. Homrich & Berg now owns 2,739 shares of the industrial products company’s stock worth $294,000 after purchasing an additional 261 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Caterpillar by 6.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 92,003 shares of the industrial products company’s stock worth $9,887,000 after purchasing an additional 5,629 shares during the period. 69.24% of the stock is currently owned by institutional investors and hedge funds.

In other Caterpillar news, Director William A. Osborn sold 5,000 shares of Caterpillar 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 legal filing with the SEC, which is accessible through the SEC website. Also, insider Suzette M. Long sold 13,859 shares of Caterpillar 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 approximately $2,078,888.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.14% of the company’s stock.

A number of research firms have recently weighed in on CAT. Vetr raised shares of Caterpillar from a “sell” rating to a “hold” rating and set a $124.44 price target on the stock in a research note on Tuesday. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank AG reissued a “hold” rating and issued a $121.00 price objective (up from $120.00) on shares of Caterpillar in a research note on Monday. ValuEngine cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $115.98.

Shares of Caterpillar, Inc. (NYSE CAT) opened at 128.19 on Wednesday. Caterpillar, Inc. has a 1-year low of $80.33 and a 1-year high of $128.29. The firm has a market capitalization of $75.76 billion, a PE ratio of 716.15 and a beta of 1.26. The firm’s 50 day moving average is $121.39 and its 200 day moving average is $108.72.

Caterpillar (NYSE:CAT) last released 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 analysts’ expectations of $10.96 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts anticipate that Caterpillar, Inc. will post $5.25 EPS for the current fiscal year.

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Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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