Woodward Diversified Capital LLC increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 46.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,067 shares of the industrial products company's stock after buying an additional 1,298 shares during the period. Woodward Diversified Capital LLC's holdings in Caterpillar were worth $1,579,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacific Point Advisors LLC purchased a new position in Caterpillar during the 4th quarter valued at about $579,000. Brighton Jones LLC grew its stake in 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 acquiring an additional 2,519 shares in the last quarter. Merit Financial Group LLC increased its holdings in Caterpillar by 5.9% during the 1st quarter. Merit Financial Group LLC now owns 21,373 shares of the industrial products company's stock worth $7,049,000 after acquiring 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 purchasing an additional 85 shares in the last quarter. Finally, Fulton Bank N.A. boosted its holdings in Caterpillar by 3.3% in the 1st quarter. Fulton Bank N.A. now owns 3,525 shares of the industrial products company's stock valued at $1,163,000 after purchasing an additional 111 shares during the period. Institutional investors own 70.98% of the company's stock.
Caterpillar Stock Performance
NYSE:CAT opened at $480.99 on Thursday. The company has a market capitalization of $225.33 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.90 and a beta of 1.46. The business has a 50 day moving average of $434.48 and a 200 day moving average of $376.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $485.34.
Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company's revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $5.99 earnings per share. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock valued at $16,885,492 over the last three months. Insiders own 0.33% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on CAT shares. Truist Financial upped their price target on shares of Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group restated a "buy" rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price target for the company in a research report on Tuesday, August 19th. Melius Research raised 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. Finally, 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 report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $466.53.
Check Out Our Latest Analysis on CAT
About Caterpillar
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Caterpillar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.
While Caterpillar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
