J2 Capital Management Inc Has $734,000 Stock Holdings in Caterpillar Inc. $CAT

Key Points

• J2 Capital Management Inc increased its stake in Caterpillar Inc. by 54.5% in Q2, holding shares now worth $734,000.
• Caterpillar reported Q2 earnings of $4.72 per share, missing estimates, but revenue exceeded expectations at $16.57 billion.
• Analysts have set new price targets for Caterpillar, with JPMorgan raising its outlook from $475.00 to $520.00, indicating a strong buy sentiment among some analysts.

J2 Capital Management Inc lifted its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 54.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,890 shares of the industrial products company's stock after purchasing an additional 667 shares during the quarter. J2 Capital Management Inc's holdings in Caterpillar were worth $734,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the 4th quarter valued at $579,000. Brighton Jones LLC grew its holdings in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after buying an additional 2,519 shares in the last quarter. Merit Financial Group LLC raised its position in Caterpillar by 5.9% during the first quarter. Merit Financial Group LLC now owns 21,373 shares of the industrial products company's stock valued at $7,049,000 after buying an additional 1,195 shares during the period. HBW Advisory Services LLC lifted its stake in Caterpillar by 11.9% in the 1st quarter. HBW Advisory Services LLC now owns 801 shares of the industrial products company's stock worth $264,000 after acquiring an additional 85 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in Caterpillar by 3.3% during the 1st quarter. Fulton Bank N.A. now owns 3,525 shares of the industrial products company's stock worth $1,163,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Trading Up 0.8%

Shares of NYSE:CAT opened at $480.99 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $225.33 billion, a PE ratio of 24.47, a P/E/G ratio of 2.90 and a beta of 1.46. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The firm has a fifty day moving average price of $434.48 and a 200 day moving average price of $376.35.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.99 EPS. Analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CAT shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Melius upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. DA Davidson lifted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Barclays upped their price target on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $466.53.

Insider Buying and Selling at Caterpillar

In related news, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock worth $16,885,492 over the last 90 days. Insiders own 0.33% of the company's stock.

About Caterpillar

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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