Osborn Williams & Donohoe LLC raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,309 shares of the industrial products company’s stock after acquiring an additional 2,022 shares during the quarter. Osborn Williams & Donohoe LLC’s holdings in Caterpillar were worth $4,403,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Paragon Capital Management LLC acquired a new stake in Caterpillar during the 1st quarter valued at $40,000. Legacy Advisors LLC purchased a new position in Caterpillar in the 1st quarter worth approximately $47,000. Sound Income Strategies LLC lifted its stake in Caterpillar by 23.5% in the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 72 shares in the last quarter. Exane Derivatives purchased a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $54,000. Finally, JNBA Financial Advisors raised its position in shares of Caterpillar by 33.3% during the 2nd quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock valued at $55,000 after buying an additional 100 shares during the period. 65.80% of the stock is owned by institutional investors.
Several research firms have commented on CAT. Morgan Stanley dropped their price target on shares of Caterpillar from $165.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Atlantic Securities cut shares of Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. Robert W. Baird reduced their target price on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. UBS Group dropped their price target on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research note on Tuesday, June 4th. Finally, Standpoint Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $144.23.
NYSE:CAT traded down $2.07 during mid-day trading on Wednesday, hitting $120.01. The stock had a trading volume of 3,274,592 shares, compared to its average volume of 4,410,349. The stock has a market capitalization of $71.22 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.88 and a beta of 1.52. The stock’s 50 day moving average is $133.65. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $159.37. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.43 and a quick ratio of 1.00.
Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.12 by ($0.29). The firm had revenue of $14.43 billion during the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.97 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 11.73 EPS for the current year.
Caterpillar Company 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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