Insight Advisors LLC PA decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 27.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,686 shares of the industrial products company’s stock after selling 1,039 shares during the quarter. Insight Advisors LLC PA’s holdings in Caterpillar were worth $551,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of CAT. Elmwood Wealth Management Inc. purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $26,000. CKW Financial Group purchased a new position in shares of Caterpillar during the 2nd quarter valued at approximately $32,000. Psagot Investment House Ltd. lifted its position in shares of Caterpillar by 105.5% during the 1st quarter. Psagot Investment House Ltd. now owns 150 shares of the industrial products company’s stock valued at $35,000 after buying an additional 77 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $35,000. Finally, AlphaMark Advisors LLC lifted its position in shares of Caterpillar by 87.0% during the 2nd quarter. AlphaMark Advisors LLC now owns 187 shares of the industrial products company’s stock valued at $41,000 after buying an additional 87 shares in the last quarter. 67.82% of the stock is currently owned by institutional investors and hedge funds.
NYSE CAT opened at $196.82 on Friday. The company has a market cap of $107.75 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.69 and a beta of 0.90. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.10. The stock has a 50-day moving average of $207.83 and a two-hundred day moving average of $221.10. Caterpillar Inc. has a 1-year low of $143.01 and a 1-year high of $246.69.
CAT has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their target price on Caterpillar from $268.00 to $256.00 and set an “outperform” rating on the stock in a research report on Monday, August 2nd. Morgan Stanley decreased their price objective on Caterpillar from $181.00 to $172.00 and set an “underweight” rating on the stock in a report on Monday, August 2nd. Zacks Investment Research lowered Caterpillar from a “buy” rating to a “hold” rating and set a $226.00 price objective on the stock. in a report on Wednesday, June 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Caterpillar from $258.00 to $241.00 and set a “buy” rating on the stock in a report on Monday, August 2nd. Finally, Tigress Financial restated a “buy” rating and issued a $270.00 price objective on shares of Caterpillar in a report on Friday, August 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Hold” and an average price target of $233.80.
In related news, Director David Maclennan acquired 500 shares of the firm’s stock in a transaction dated Wednesday, August 4th. The stock was acquired at an average price of $206.20 per share, for a total transaction of $103,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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