Rock Creek Group LP lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 14.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 937 shares of the industrial products company’s stock after selling 161 shares during the quarter. Rock Creek Group LP’s holdings in Caterpillar were worth $204,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Elmwood Wealth Management Inc. bought a new stake in shares of Caterpillar in the 1st quarter valued at about $26,000. CKW Financial Group purchased a new position in shares of Caterpillar in the 2nd quarter worth approximately $32,000. Psagot Investment House Ltd. grew its position in shares of Caterpillar by 105.5% in the 1st quarter. Psagot Investment House Ltd. now owns 150 shares of the industrial products company’s stock worth $35,000 after buying an additional 77 shares during the last quarter. Wagner Wealth Management LLC purchased a new position in shares of Caterpillar in the 1st quarter worth approximately $35,000. Finally, AlphaMark Advisors LLC grew its position in shares of Caterpillar by 87.0% in the 2nd quarter. AlphaMark Advisors LLC now owns 187 shares of the industrial products company’s stock worth $41,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 67.82% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Credit Suisse Group cut their price objective on shares of Caterpillar from $268.00 to $256.00 and set an “outperform” rating on the stock in a research report on Monday, August 2nd. Tigress Financial reissued a “buy” rating and set a $270.00 target price on shares of Caterpillar in a research report on Friday, August 6th. The Goldman Sachs Group reissued a “buy” rating and set a $264.00 target price on shares of Caterpillar in a research report on Thursday, May 27th. Zacks Investment Research downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $226.00 target price on the stock. in a research report on Wednesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caterpillar from $258.00 to $241.00 and set a “buy” rating on the stock in a research report on Monday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $233.80.
Shares of CAT stock opened at $202.33 on Wednesday. The firm has a market cap of $110.77 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. Caterpillar Inc. has a 1-year low of $142.73 and a 1-year high of $246.69. 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 company has a 50-day moving average of $210.52 and a two-hundred day moving average of $222.31.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.22. The business had revenue of $12.89 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Caterpillar had a net margin of 9.57% and a return on equity of 30.80%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 10.08 EPS for the current fiscal year.
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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