California Capital Advisors Inc. boosted its holdings in Caterpillar, Inc. (NYSE:CAT) by 0.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,018 shares of the industrial products company’s stock after buying an additional 39 shares during the period. Caterpillar accounts for approximately 1.9% of California Capital Advisors Inc.’s holdings, making the stock its 19th biggest position. California Capital Advisors Inc.’s holdings in Caterpillar were worth $1,291,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Caterpillar by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company’s stock worth $3,603,500,000 after buying an additional 1,342,984 shares in the last quarter. FMR LLC increased its stake in Caterpillar by 11.4% in the 1st quarter. FMR LLC now owns 17,561,361 shares of the industrial products company’s stock worth $1,628,992,000 after buying an additional 1,798,312 shares in the last quarter. Morgan Stanley increased its stake in Caterpillar by 15.1% in the 1st quarter. Morgan Stanley now owns 10,398,677 shares of the industrial products company’s stock worth $964,579,000 after buying an additional 1,365,856 shares in the last quarter. Primecap Management Co. CA increased its stake in Caterpillar by 16.9% in the 1st quarter. Primecap Management Co. CA now owns 7,259,063 shares of the industrial products company’s stock worth $673,351,000 after buying an additional 1,047,922 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Caterpillar by 8.1% in the 1st quarter. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company’s stock worth $516,423,000 after buying an additional 419,191 shares in the last quarter. Institutional investors and hedge funds own 69.24% of the company’s stock.

Shares of Caterpillar, Inc. (NYSE:CAT) opened at 124.71 on Friday. The company has a market cap of $73.70 billion, a P/E ratio of 696.70 and a beta of 1.24. The firm has a 50-day moving average of $116.33 and a 200 day moving average of $105.20. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $125.55.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.26 by $0.23. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $10.96 billion. During the same period in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts expect that Caterpillar, Inc. will post $5.25 EPS for the current fiscal year.

In other news, insider Bradley M. Halverson sold 182,612 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $114.05, for a total value of $20,826,898.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William A. Osborn sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,471 shares of company stock worth $22,979,332. Company insiders own 0.14% of the company’s stock.

A number of brokerages have issued reports on CAT. BMO Capital Markets increased their price target on Caterpillar from $130.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, September 14th. Credit Suisse Group restated a “buy” rating and set a $123.00 price objective on shares of Caterpillar in a research report on Thursday, June 22nd. Zacks Investment Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Bank of America Corporation set a $120.00 price objective on Caterpillar and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, Vetr lowered Caterpillar from a “buy” rating to a “hold” rating and set a $122.53 price objective for the company. in a research report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Caterpillar currently has an average rating of “Hold” and a consensus price target of $114.03.

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Caterpillar Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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