SeaTown Holdings Pte. Ltd. raised its stake in Caterpillar Inc. (NYSE:CAT) by 273.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,512 shares of the industrial products company’s stock after buying an additional 113,852 shares during the period. Caterpillar accounts for 3.9% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 6th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in Caterpillar were worth $21,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently modified their holdings of the business. Paragon Capital Management LLC bought a new stake in Caterpillar in the first quarter valued at $40,000. Legacy Advisors LLC bought a new stake in shares of Caterpillar during the first quarter worth about $47,000. Sound Income Strategies LLC increased its position in shares of Caterpillar by 23.5% during the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 72 shares in the last quarter. Exane Derivatives bought a new stake in shares of Caterpillar during the second quarter worth about $54,000. Finally, JNBA Financial Advisors increased its position in shares of Caterpillar by 33.3% during the second quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 66.86% of the company’s stock.
Several equities research analysts have recently commented on CAT shares. Wells Fargo & Co decreased their target price on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Atlantic Securities downgraded shares of Caterpillar from a “neutral” rating to an “underweight” rating in a research report on Friday, June 21st. ValuEngine downgraded shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Credit Suisse Group decreased their target price on shares of Caterpillar from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Finally, Buckingham Research downgraded shares of Caterpillar from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $162.00 to $140.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $142.99.
NYSE CAT traded up $2.18 during trading on Tuesday, reaching $118.90. 3,645,966 shares of the company traded hands, compared to its average volume of 4,669,214. The firm has a market capitalization of $66.70 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. Caterpillar Inc. has a 1-year low of $112.06 and a 1-year high of $159.37. The stock has a 50 day moving average price of $132.07.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.29). The firm had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.97 EPS. Equities research analysts forecast that Caterpillar Inc. will post 11.73 earnings per share 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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