Sigma Investment Counselors Inc. Boosts Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Sigma Investment Counselors Inc. boosted its stake in Caterpillar Inc. (NYSE:CATGet Rating) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,019 shares of the industrial products company’s stock after buying an additional 340 shares during the period. Sigma Investment Counselors Inc.’s holdings in Caterpillar were worth $5,009,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Nauset Wealth Management. LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at $29,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Caterpillar in the 1st quarter worth approximately $33,000. IMA Wealth Inc. purchased a new stake in shares of Caterpillar in the 4th quarter worth approximately $41,000. Core Alternative Capital lifted its position in Caterpillar by 786.4% during the first quarter. Core Alternative Capital now owns 195 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 173 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in Caterpillar during the first quarter valued at approximately $45,000. Institutional investors own 68.80% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of Caterpillar from $161.00 to $142.00 and set an “underweight” rating on the stock in a research note on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Caterpillar from $240.00 to $227.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Credit Suisse Group increased their price objective on shares of Caterpillar from $226.00 to $236.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Cowen decreased their price target on shares of Caterpillar from $255.00 to $225.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Finally, raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to, the stock has an average rating of “Moderate Buy” and an average target price of $223.38.

Caterpillar Trading Down 4.7 %

NYSE:CAT traded down $7.96 on Friday, reaching $162.59. The stock had a trading volume of 170,232 shares, compared to its average volume of 2,422,951. The company has a market cap of $85.83 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.13 and a beta of 1.02. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.45 and a quick ratio of 0.90. The firm’s fifty day moving average is $186.16 and its two-hundred day moving average is $200.88. Caterpillar Inc. has a 12-month low of $167.08 and a 12-month high of $237.90.

Caterpillar (NYSE:CATGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.18. The business had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.39 billion. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 EPS. Equities analysts expect that Caterpillar Inc. will post 12.64 EPS for the current fiscal year.

About Caterpillar

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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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