Mountain Pacific Investment Advisers LLC Has $836,000 Holdings in Caterpillar Inc. $CAT

Mountain Pacific Investment Advisers LLC raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,153 shares of the industrial products company’s stock after buying an additional 50 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Caterpillar were worth $836,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Caterpillar by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock worth $1,386,626,000 after buying an additional 264,054 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock worth $1,089,798,000 after acquiring an additional 15,347 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Caterpillar by 9.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock worth $1,064,951,000 after acquiring an additional 268,300 shares during the period. Invesco Ltd. grew its stake in Caterpillar by 5.0% during the 1st quarter. Invesco Ltd. now owns 3,141,936 shares of the industrial products company’s stock valued at $1,036,211,000 after acquiring an additional 150,533 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Caterpillar by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,416,464 shares of the industrial products company’s stock valued at $467,150,000 after purchasing an additional 5,559 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock valued at $16,885,492 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

NYSE CAT opened at $480.99 on Thursday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $485.34. The stock’s 50-day moving average is $434.48 and its two-hundred day moving average is $376.35. The firm has a market cap of $225.33 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter last year, the company posted $5.99 EPS. The business’s revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CAT. Jefferies Financial Group reaffirmed a “buy” rating and set a $500.00 price objective on shares of Caterpillar in a research report on Friday, August 29th. Barclays boosted their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Robert W. Baird increased their price objective on Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Truist Financial boosted their target price on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $466.53.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.