Caterpillar Inc. $CAT Shares Bought by Ossiam

Key Points

• Ossiam increased its stake in Caterpillar by 631.4% in Q3, buying an additional 40,625 shares to hold 47,059 shares worth approximately $22.45 million at period end.
• Caterpillar beat quarterly estimates with $5.16 EPS vs. $4.67 expected and reported $19.13 billion in revenue (up 17.9% year‑over‑year), reflecting strong profitability (ROE 45.76%).
• Analysts have raised price targets and maintain a consensus rating of "Moderate Buy" with a consensus target of $730.50 and individual targets as high as $820.00.

Ossiam lifted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 631.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,059 shares of the industrial products company's stock after purchasing an additional 40,625 shares during the period. Ossiam's holdings in Caterpillar were worth $22,454,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kilter Group LLC acquired a new stake in shares of Caterpillar in the second quarter valued at approximately $27,000. Marquette Asset Management LLC increased its holdings in shares of Caterpillar by 1,060.0% in the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 53 shares during the period. RiverPark Advisors LLC purchased a new stake in Caterpillar in the 2nd quarter valued at $32,000. Joseph Group Capital Management purchased a new stake in Caterpillar in the 3rd quarter valued at $32,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Caterpillar by 107.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company's stock worth $35,000 after purchasing an additional 46 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on CAT shares. DA Davidson lifted their price objective on shares of Caterpillar from $569.00 to $650.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Evercore raised their price target on Caterpillar from $476.00 to $630.00 and gave the stock an "outperform" rating in a report on Monday, November 17th. Argus upped their price objective on Caterpillar from $625.00 to $820.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Royal Bank Of Canada increased their price objective on Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a research report on Friday, January 30th. Finally, CICC Research assumed coverage on Caterpillar in a research note on Friday, February 6th. They issued an "outperform" rating on the stock. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $730.50.

Caterpillar Stock Performance

NYSE CAT opened at $693.89 on Friday. The stock has a market capitalization of $322.86 billion, a price-to-earnings ratio of 36.87, a PEG ratio of 1.65 and a beta of 1.54. The business's 50 day moving average is $693.92 and its two-hundred day moving average is $583.93. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $789.81. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the firm earned $5.14 EPS. The company's quarterly revenue was up 17.9% compared to the same quarter last year. Research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 2,500 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the completion of the sale, the chief executive officer owned 35,083 shares in the company, valued at $25,222,221.19. This trade represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 22,656 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the transaction, the insider owned 79,953 shares in the company, valued at $57,574,954.83. The trade was a 22.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 135,950 shares of company stock valued at $94,327,990 in the last quarter. Corporate insiders own 0.33% of the company's stock.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company's product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.