NewEdge Advisors LLC raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,136 shares of the industrial products company's stock after purchasing an additional 19,240 shares during the period. NewEdge Advisors LLC's holdings in Caterpillar were worth $67,654,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock valued at $26,037,000 after purchasing an additional 7,125 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Caterpillar by 10.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 20,064 shares of the industrial products company's stock worth $6,617,000 after acquiring an additional 1,840 shares during the last quarter. Greenline Partners LLC lifted its holdings in shares of Caterpillar by 3.1% during the 1st quarter. Greenline Partners LLC now owns 1,242 shares of the industrial products company's stock worth $410,000 after acquiring an additional 37 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Caterpillar by 8.6% during the 1st quarter. Hancock Whitney Corp now owns 2,789 shares of the industrial products company's stock worth $920,000 after acquiring an additional 221 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Caterpillar by 3,783.8% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 94,648 shares of the industrial products company's stock worth $31,215,000 after acquiring an additional 92,211 shares during the last quarter. 70.98% of the stock is owned by institutional investors.
Insider Buying and Selling at Caterpillar
In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by company insiders.
Caterpillar Trading Up 1.6%
Shares of CAT stock traded up $6.59 during mid-day trading on Wednesday, reaching $424.68. The stock had a trading volume of 1,188,398 shares, compared to its average volume of 2,727,408. The stock's 50-day moving average price is $418.27 and its two-hundred day moving average price is $363.50. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $441.15. The firm has a market capitalization of $198.95 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. During the same quarter in the previous year, the firm posted $5.99 EPS. Caterpillar's revenue was down .7% compared to the same quarter last year. Equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $272.00 to $357.00 in a report on Friday, May 16th. Truist Financial lifted their price objective on shares of Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. DA Davidson lifted their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $457.20.
Check Out Our Latest Stock Analysis on CAT
Caterpillar Profile
(
Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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