Seaward Management Limited Partnership increased its stake in Caterpillar, Inc. (NYSE:CAT) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,777 shares of the industrial products company’s stock after buying an additional 404 shares during the quarter. Seaward Management Limited Partnership’s holdings in Caterpillar were worth $5,456,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baker Ellis Asset Management LLC bought a new stake in shares of Caterpillar during the second quarter worth $104,000. Reilly Financial Advisors LLC lifted its position in shares of Caterpillar by 92.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 535 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of Caterpillar during the first quarter worth $107,000. Chicago Partners Investment Group LLC lifted its position in shares of Caterpillar by 75.6% during the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 496 shares during the last quarter. Finally, First Personal Financial Services lifted its position in shares of Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 69.24% of the company’s stock.
Shares of Caterpillar, Inc. (NYSE:CAT) opened at 124.85 on Thursday. The stock has a market cap of $73.78 billion, a price-to-earnings ratio of 697.49 and a beta of 1.24. The stock’s 50 day moving average price is $116.33 and its 200-day moving average price is $105.20. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $125.28. Caterpillar also was the target of unusually large options trading on Monday. Stock investors acquired 20,797 call options on the stock. This is an increase of approximately 131% compared to the average volume of 8,998 call options.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The business had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same quarter last year, the company earned $1.09 EPS. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts anticipate that Caterpillar, Inc. will post $5.25 earnings per share for the current fiscal year.
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In other news, insider Bradley M. Halverson sold 182,612 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $114.05, for a total transaction of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $113.67, for a total value of $568,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock worth $22,979,332 in the last three months. Corporate insiders own 0.15% of the company’s stock.
CAT has been the subject of several research analyst reports. Bank of America Corporation reiterated a “buy” rating and set a $120.00 target price on shares of Caterpillar in a research report on Thursday, May 25th. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of Caterpillar in a research report on Wednesday, June 21st. Credit Suisse Group reiterated a “buy” rating and set a $123.00 target price on shares of Caterpillar in a research report on Thursday, June 22nd. Finally, Deutsche Bank AG downgraded Caterpillar from a “buy” rating to a “hold” rating and decreased their target price for the stock from $121.00 to $106.00 in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Caterpillar presently has a consensus rating of “Hold” and an average price target of $113.55.
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