Homrich & Berg Boosts Position in Caterpillar, Inc. (CAT)
Homrich & Berg boosted its stake in shares of Caterpillar, Inc. (NYSE:CAT) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,739 shares of the industrial products company’s stock after buying an additional 261 shares during the quarter. Homrich & Berg’s holdings in Caterpillar were worth $294,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Baker Ellis Asset Management LLC bought a new position in Caterpillar during the second quarter valued at about $104,000. Reilly Financial Advisors LLC grew its position in Caterpillar by 92.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after buying an additional 535 shares during the period. Harbour Capital Advisors LLC bought a new position in Caterpillar during the first quarter valued at about $107,000. Chicago Partners Investment Group LLC grew its position in 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 valued at $118,000 after buying an additional 496 shares during the period. Finally, First Personal Financial Services grew its position in Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after buying an additional 750 shares during the period. Institutional investors own 69.24% of the company’s stock.
Shares of Caterpillar, Inc. (CAT) opened at 126.88 on Tuesday. The company has a 50-day moving average of $120.97 and a 200-day moving average of $108.46. Caterpillar, Inc. has a 52 week low of $80.33 and a 52 week high of $127.09. The stock has a market capitalization of $74.98 billion, a P/E ratio of 708.83 and a beta of 1.25.
Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping the Zacks’ 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 company had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same period in the previous year, the firm earned $1.09 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Caterpillar, Inc. will post $5.25 EPS for the current year.
In related news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the transaction, the insider now directly owns 18,188 shares of the company’s stock, valued at approximately $2,078,888.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Bradley M. Halverson sold 182,612 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,471 shares of company stock worth $22,979,332. 0.14% of the stock is owned by insiders.
Several research firms recently weighed in on CAT. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Vetr upgraded shares of Caterpillar from a “strong sell” rating to a “buy” rating and set a $120.03 price target for the company in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Caterpillar from $143.00 to $158.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank AG reaffirmed a “hold” rating and set a $121.00 price objective (up from $120.00) on shares of Caterpillar in a report on Monday. Finally, Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a report on Thursday, July 13th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $115.91.
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