Angeles Wealth Administration LLC elevated its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 9.4% in the course of the 2nd quarter, based on its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 916 shares of the economic merchandise firm’s inventory after shopping for an extra 79 shares in the course of the interval. Angeles Wealth Administration LLC’s holdings in Caterpillar have been price $305,000 as of its most up-to-date SEC submitting.
A number of different institutional buyers and hedge funds have additionally made adjustments to their positions in CAT. Richardson Monetary Companies Inc. bought a brand new place in Caterpillar within the 4th quarter valued at about $27,000. Thompson Funding Administration Inc. bought a brand new place in Caterpillar within the 1st quarter valued at about $27,000. Bbjs Monetary Advisors LLC bought a brand new place in Caterpillar within the 2nd quarter valued at about $28,000. Monetary Connections Group Inc. bought a brand new place in Caterpillar within the 2nd quarter valued at about $28,000. Lastly, Fairman Group LLC bought a brand new place in Caterpillar within the 1st quarter valued at about $29,000. 70.98% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
Numerous analysis analysts have issued experiences on the inventory. UBS Group upped their goal worth on shares of Caterpillar from $270.00 to $285.00 and gave the corporate a “promote” score in a report on Wednesday, August seventh. Truist Monetary restated a “purchase” score and issued a $399.00 goal worth (up from $390.00) on shares of Caterpillar in a report on Wednesday, August seventh. Evercore ISI lower their worth goal on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” score on the inventory in a report on Monday, August nineteenth. StockNews.com lowered shares of Caterpillar from a “purchase” score to a “maintain” score in a report on Thursday, September fifth. Lastly, Raymond James initiated protection on shares of Caterpillar in a report on Friday, June twenty eighth. They set a “market carry out” score on the inventory. Two analysis analysts have rated the inventory with a promote score, ten have given a maintain score and 7 have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, the corporate presently has a median score of “Maintain” and a consensus worth goal of $336.31.
Learn Our Newest Report on Caterpillar
Caterpillar Inventory Up 0.3 %
CAT opened at $335.00 on Thursday. The corporate has a debt-to-equity ratio of 1.39, a fast ratio of 0.78 and a present ratio of 1.28. Caterpillar Inc. has a 1 12 months low of $223.76 and a 1 12 months excessive of $382.01. The agency has a 50 day transferring common worth of $340.18 and a 200 day transferring common worth of $343.72. The corporate has a market cap of $163.83 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.
Caterpillar (NYSE:CAT – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, August sixth. The economic merchandise firm reported $5.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $0.46. Caterpillar had a web margin of 16.58% and a return on fairness of 59.88%. The corporate had income of $16.69 billion in the course of the quarter, in comparison with the consensus estimate of $16.91 billion. Throughout the identical quarter final 12 months, the corporate earned $5.55 earnings per share. Caterpillar’s income for the quarter was down 3.6% on a year-over-year foundation. Promote-side analysts anticipate that Caterpillar Inc. will put up 21.87 earnings per share for the present 12 months.
Caterpillar declared that its board has authorized a inventory buyback plan on Wednesday, June twelfth that enables the corporate to buyback $20.00 billion in shares. This buyback authorization permits the economic merchandise firm to repurchase as much as 12.7% of its inventory by means of open market purchases. Inventory buyback plans are usually a sign that the corporate’s administration believes its inventory is undervalued.
Insider Shopping for and Promoting at Caterpillar
In different information, Director Gerald Johnson acquired 100 shares of the inventory in a transaction on Wednesday, September 4th. The inventory was purchased at a median worth of $338.59 per share, with a complete worth of $33,859.00. Following the completion of the transaction, the director now immediately owns 2,842 shares of the corporate’s inventory, valued at $962,272.78. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. In different information, Director Gerald Johnson acquired 100 shares of the inventory in a transaction on Wednesday, September 4th. The inventory was purchased at a median worth of $338.59 per share, with a complete worth of $33,859.00. Following the completion of the transaction, the director now immediately owns 2,842 shares of the corporate’s inventory, valued at $962,272.78. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, insider Cheryl H. Johnson bought 1,508 shares of the inventory in a transaction that occurred on Tuesday, July sixteenth. The shares have been bought at a median worth of $350.00, for a complete worth of $527,800.00. Following the transaction, the insider now owns 18,515 shares of the corporate’s inventory, valued at $6,480,250. The disclosure for this sale could be discovered right here. Insiders bought 7,668 shares of firm inventory valued at $2,665,760 over the past 90 days. 0.33% of the inventory is owned by company insiders.
Caterpillar Firm Profile
Caterpillar Inc manufactures and sells building and mining gear, off-highway diesel and pure gasoline engines, industrial gasoline generators, and diesel-electric locomotives in worldwide. Its Development Industries section gives asphalt pavers, compactors, street reclaimers, forestry machines, chilly planers, materials handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact monitor, wheel, track-type, backhoe, and skid steer loaders; and associated elements and instruments.
Really useful Tales
Need to see what different hedge funds are holding CAT? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT – Free Report).
Obtain Information & Rankings for Caterpillar Each day – Enter your e mail deal with under to obtain a concise day by day abstract of the most recent information and analysts’ scores for Caterpillar and associated firms with MarketBeat.com’s FREE day by day e mail e-newsletter.
