Caterpillar Inc. (NYSE:CAT) Shares Bought by Private Advisory Group LLC

Private Advisory Group LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 39.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,252 shares of the industrial products company’s stock after buying an additional 4,578 shares during the period. Private Advisory Group LLC’s holdings in Caterpillar were worth $2,215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock valued at $890,658,000 after buying an additional 321,277 shares in the last quarter. Sanders Capital LLC raised its stake in Caterpillar by 31.5% during the second quarter. Sanders Capital LLC now owns 6,243,500 shares of the industrial products company’s stock valued at $958,477,000 after buying an additional 1,496,100 shares in the last quarter. Clearbridge Investments LLC raised its stake in Caterpillar by 12.7% during the first quarter. Clearbridge Investments LLC now owns 2,794,952 shares of the industrial products company’s stock valued at $378,688,000 after buying an additional 314,442 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Caterpillar by 0.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,549,294 shares of the industrial products company’s stock valued at $345,404,000 after buying an additional 15,061 shares in the last quarter. Finally, Swiss National Bank raised its stake in Caterpillar by 2.0% during the first quarter. Swiss National Bank now owns 1,969,716 shares of the industrial products company’s stock valued at $266,877,000 after buying an additional 37,800 shares in the last quarter. 65.80% of the stock is currently owned by institutional investors.

Shares of Caterpillar stock traded down $2.77 on Monday, reaching $121.77. 260,447 shares of the company were exchanged, compared to its average volume of 4,265,523. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. The stock has a 50-day moving average price of $134.01. The stock has a market capitalization of $71.22 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The company had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 earnings per share. Research analysts forecast that Caterpillar Inc. will post 11.73 earnings per share for the current year.

Several brokerages have issued reports on CAT. Atlantic Securities cut Caterpillar from a “neutral” rating to an “underweight” rating in a research note on Friday, June 21st. Standpoint Research upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Goldman Sachs Group restated a “buy” rating and set a $156.00 price objective on shares of Caterpillar in a research note on Thursday, July 25th. Robert W. Baird cut their price objective on Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, ValuEngine cut Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $144.23.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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