Caterpillar, Inc. (CAT) Position Maintained by Stewart & Patten Co. LLC

Stewart & Patten Co. LLC maintained its stake in Caterpillar, Inc. (NYSE:CAT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,459 shares of the industrial products company’s stock at the close of the second quarter. Stewart & Patten Co. LLC’s holdings in Caterpillar were worth $371,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reilly Financial Advisors LLC raised its stake in shares of Caterpillar by 92.9% in the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 535 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Caterpillar in the first quarter worth about $107,000. First Personal Financial Services raised its stake in shares of Caterpillar by 167.4% in the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 750 shares during the last quarter. Harfst & Associates Inc. bought a new position in shares of Caterpillar in the first quarter worth about $111,000. Finally, Financial Architects Inc raised its stake in shares of Caterpillar by 5.7% in the first quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock worth $113,000 after acquiring an additional 65 shares during the last quarter. 69.23% of the stock is owned by institutional investors.

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CAT has been the subject of a number of research analyst reports. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $107.75 target price for the company. in a research note on Tuesday, May 23rd. Bank of America Corporation reaffirmed a “buy” rating and issued a $120.00 target price on shares of Caterpillar in a research note on Thursday, May 25th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, June 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $110.00 target price on shares of Caterpillar in a research note on Wednesday, June 21st. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $123.00 target price on shares of Caterpillar in a research note on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $110.79.

In other news, insider Bradley M. Halverson sold 182,612 shares of the firm’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 transaction of $20,826,898.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William A. Osborn sold 5,000 shares of the firm’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. In the last ninety days, insiders have sold 201,471 shares of company stock valued at $22,979,332. Insiders own 0.15% of the company’s stock.

Caterpillar, Inc. (CAT) opened at 120.94 on Wednesday. The firm has a market cap of $71.47 billion, a PE ratio of 675.64 and a beta of 1.24. The stock has a 50 day moving average of $114.83 and a 200 day moving average of $104.09. Caterpillar, Inc. has a 12-month low of $79.93 and a 12-month high of $121.39.

Caterpillar (NYSE:CAT) last announced 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. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The company’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, equities research analysts anticipate that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

Caterpillar Company Profile

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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