Caterpillar Inc. (NYSE:CAT) Shares Bought by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,591 shares of the industrial products company’s stock after purchasing an additional 167 shares during the period. Parsons Capital Management Inc. RI’s holdings in Caterpillar were worth $4,987,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Sigma Planning Corp lifted its position in shares of Caterpillar by 8.2% during the second quarter. Sigma Planning Corp now owns 34,314 shares of the industrial products company’s stock worth $4,677,000 after purchasing an additional 2,592 shares during the last quarter. Kavar Capital Partners LLC bought a new position in shares of Caterpillar during the second quarter worth about $46,000. Executive Wealth Management LLC lifted its position in shares of Caterpillar by 97.5% during the second quarter. Executive Wealth Management LLC now owns 1,633 shares of the industrial products company’s stock worth $223,000 after purchasing an additional 806 shares during the last quarter. Stephens Inc. AR lifted its position in shares of Caterpillar by 0.3% during the second quarter. Stephens Inc. AR now owns 62,305 shares of the industrial products company’s stock worth $8,492,000 after purchasing an additional 180 shares during the last quarter. Finally, TRUE Private Wealth Advisors lifted its position in shares of Caterpillar by 9.5% during the second quarter. TRUE Private Wealth Advisors now owns 4,196 shares of the industrial products company’s stock worth $571,000 after purchasing an additional 364 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on CAT shares. Macquarie set a $115.00 price target on shares of Caterpillar and gave the stock a “sell” rating in a research report on Tuesday, June 11th. ValuEngine cut shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. UBS Group reduced their price target on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research report on Tuesday, June 4th. Standpoint Research raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Caterpillar in a report on Wednesday. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $139.90.

NYSE CAT traded down $0.38 during trading hours on Thursday, reaching $114.83. The company’s stock had a trading volume of 252,488 shares, compared to its average volume of 4,664,563. 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 company has a 50-day moving average of $131.42. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $159.37. The company has a market cap of $64.63 billion, a PE ratio of 10.22, a PEG ratio of 0.83 and a beta of 1.52.

Caterpillar (NYSE:CAT) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). The business had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.97 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 11.73 EPS for the current fiscal year.

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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