Lbp Am Sa Acquires 291 Shares of Caterpillar Inc. $CAT

Lbp Am Sa boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,835 shares of the industrial products company’s stock after purchasing an additional 291 shares during the period. Lbp Am Sa’s holdings in Caterpillar were worth $1,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Victrix Investment Advisors lifted its stake in Caterpillar by 4.8% during the second quarter. Victrix Investment Advisors now owns 6,078 shares of the industrial products company’s stock worth $2,359,000 after purchasing an additional 281 shares during the period. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in Caterpillar by 23.1% during the second quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,401 shares of the industrial products company’s stock worth $544,000 after purchasing an additional 263 shares during the period. Trivium Point Advisory LLC lifted its stake in Caterpillar by 132.9% during the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 1,099 shares during the period. Paradiem LLC lifted its stake in Caterpillar by 5.7% during the second quarter. Paradiem LLC now owns 31,597 shares of the industrial products company’s stock worth $12,266,000 after purchasing an additional 1,704 shares during the period. Finally, Robbins Farley lifted its stake in Caterpillar by 1.8% during the second quarter. Robbins Farley now owns 14,933 shares of the industrial products company’s stock worth $5,797,000 after purchasing an additional 266 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

CAT has been the subject of a number of research analyst reports. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Truist Financial lifted their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Bank of America lifted their target price on shares of Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $466.53.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock worth $16,885,492 in the last quarter. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

CAT stock opened at $490.88 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The company has a 50 day moving average price of $435.71 and a 200 day moving average price of $377.37. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $495.98. The stock has a market capitalization of $229.97 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.92 and a beta of 1.46.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share 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 during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter last year, the firm earned $5.99 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

About Caterpillar

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.