Caterpillar Inc. (NYSE:CAT) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its stake in Caterpillar Inc. (NYSE:CAT) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,582 shares of the industrial products company’s stock after purchasing an additional 4,080 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Caterpillar were worth $44,924,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CAT. Herold Advisors Inc. boosted its stake in shares of Caterpillar by 4.1% in the first quarter. Herold Advisors Inc. now owns 1,304 shares of the industrial products company’s stock valued at $298,000 after buying an additional 51 shares in the last quarter. BerganKDV Wealth Management LLC boosted its stake in shares of Caterpillar by 29.3% in the first quarter. BerganKDV Wealth Management LLC now owns 618 shares of the industrial products company’s stock valued at $142,000 after buying an additional 140 shares in the last quarter. abrdn plc boosted its stake in shares of Caterpillar by 11.3% in the first quarter. abrdn plc now owns 348,514 shares of the industrial products company’s stock valued at $79,754,000 after buying an additional 35,488 shares in the last quarter. Delta Financial Group Inc. boosted its stake in shares of Caterpillar by 106.8% in the first quarter. Delta Financial Group Inc. now owns 3,147 shares of the industrial products company’s stock valued at $720,000 after buying an additional 1,625 shares in the last quarter. Finally, Everhart Financial Group Inc. boosted its stake in shares of Caterpillar by 34.8% in the first quarter. Everhart Financial Group Inc. now owns 1,393 shares of the industrial products company’s stock valued at $319,000 after buying an additional 360 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insiders Place Their Bets

In other news, insider Cheryl H. Johnson sold 18,294 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $286.33, for a total transaction of $5,238,121.02. Following the sale, the insider now directly owns 16,362 shares in the company, valued at approximately $4,684,931.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Joseph E. Creed sold 7,286 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $285.25, for a total transaction of $2,078,331.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 18,294 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $286.33, for a total value of $5,238,121.02. Following the completion of the sale, the insider now owns 16,362 shares in the company, valued at $4,684,931.46. The disclosure for this sale can be found here. Insiders have sold a total of 54,918 shares of company stock valued at $15,299,870 in the last quarter. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.8 %

CAT traded down $2.14 on Tuesday, reaching $278.80. The company’s stock had a trading volume of 1,202,455 shares, compared to its average volume of 3,067,930. The stock has a market cap of $142.22 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. Caterpillar Inc. has a 1 year low of $160.60 and a 1 year high of $293.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.33 and a quick ratio of 0.83. The business’s 50 day moving average is $273.63 and its 200 day moving average is $242.50.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 1st. The industrial products company reported $5.55 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.98. Caterpillar had a return on equity of 55.93% and a net margin of 12.91%. The company had revenue of $17.30 billion for the quarter, compared to the consensus estimate of $16.46 billion. During the same quarter last year, the business posted $3.18 EPS. Caterpillar’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts forecast that Caterpillar Inc. will post 19.82 EPS for the current fiscal year.

Analyst Ratings Changes

CAT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Caterpillar from $275.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Tigress Financial boosted their target price on Caterpillar from $266.00 to $282.00 in a research report on Wednesday, May 31st. DA Davidson assumed coverage on Caterpillar in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $263.00 price objective on the stock. Stifel Nicolaus upped their price objective on Caterpillar from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Citigroup upped their price objective on Caterpillar from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Monday, July 17th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $267.00.

Caterpillar Company Profile

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.