Braun Bostich & Associates Inc. Acquires 62 Shares of Caterpillar Inc. $CAT

Braun Bostich & Associates Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,325 shares of the industrial products company’s stock after acquiring an additional 62 shares during the period. Braun Bostich & Associates Inc.’s holdings in Caterpillar were worth $514,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in shares of Caterpillar in the fourth quarter worth about $33,000. Compass Financial Services Inc boosted its stake in Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $36,000. Mattson Financial Services LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $39,000. Finally, Curat Global LLC bought a new position in Caterpillar during the first quarter valued at approximately $33,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the transaction, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on CAT shares. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Truist Financial increased their price target on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a research report on Tuesday, August 19th. Finally, Barclays upped their price objective on Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $457.20.

Caterpillar Trading Down 0.1%

Shares of NYSE CAT opened at $431.10 on Monday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The business’s 50 day moving average price is $420.04 and its 200-day moving average price is $365.49. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The company has a market cap of $201.96 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the company posted $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.