2 weeks Ago By ABMN Staff
MBB Public Markets I LLC grew its stake in shares of Caterpillar Inc. ( NYSE:CAT – Free Report ) by 2,195.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 35,368 shares of the industrial products company’s stock after purchasing an additional 33,827 shares during the quarter. MBB Public Markets I LLC’s holdings in Caterpillar were worth $11,781,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also made changes to their positions in the company.
Vanguard Group Inc. increased its position in Caterpillar by 0.3% in the fourth quarter.
Vanguard Group Inc. now owns 48,353,370 shares of the industrial products company’s stock worth $14,296,641,000 after buying an additional 129,216 shares during the period. Capital World Investors increased its holdings in shares of Caterpillar by 0.
3% in the 4th quarter. Capital World Investors now owns 29,029,953 shares of the industrial products company’s stock worth $8,583,372,000 after acquiring an additional 96,479 shares during the period. Fisher Asset Management LLC lifted its position in Caterpillar by 2.
2% in the 4th quarter. Fisher Asset Management LLC now owns 8,139,040 shares of the industrial products company’s stock valued at $2,406,471,000 after purchasing an additional 173,108 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Caterpillar by 5.
7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,069,840 shares of the industrial products company’s stock worth $1,022,488,000 after purchasing an additional 165,358 shares during the last quarter. Finally, Ameriprise Financial Inc.
increased its stake in shares of Caterpillar by 10.4% in the second quarter. Ameriprise Financial Inc.
now owns 2,108,817 shares of the industrial products company’s stock valued at $702,431,000 after purchasing an additional 198,123 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Caterpillar In other Caterpillar news, insider Anthony D. Fassino sold 3,185 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $351.
36, for a total value of $1,119,081.60. Following the transaction, the insider now owns 33,442 shares in the company, valued at approximately $11,750,181.
12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . In related news, insider Anthony D.
Fassino sold 3,185 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $351.36, for a total value of $1,119,081.
60. Following the transaction, the insider now owns 33,442 shares in the company, valued at $11,750,181.12.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, Director Gerald Johnson purchased 100 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $338.
59 per share, for a total transaction of $33,859.00. Following the acquisition, the director now directly owns 2,842 shares in the company, valued at approximately $962,272.
78. The disclosure for this purchase can be found here . Insiders have sold a total of 7,668 shares of company stock valued at $2,665,760 in the last 90 days.
0.33% of the stock is currently owned by corporate insiders. Caterpillar Stock Performance Caterpillar ( NYSE:CAT – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 6th.
The industrial products company reported $5.99 EPS for the quarter, beating the consensus estimate of $5.53 by $0.
46. The business had revenue of $16.69 billion during the quarter, compared to the consensus estimate of $16.
91 billion. Caterpillar had a net margin of 16.58% and a return on equity of 59.
88%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
During the same quarter in the prior year, the firm earned $5.55 EPS. As a group, equities analysts predict that Caterpillar Inc.
will post 21.91 EPS for the current fiscal year. Caterpillar announced that its board has authorized a stock buyback program on Wednesday, June 12th that authorizes the company to repurchase $20.
00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 12.7% of its stock through open market purchases.
Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued. Analyst Ratings Changes A number of equities analysts recently issued reports on the company. Barclays increased their price objective on Caterpillar from $315.
00 to $335.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 7th. Truist Financial reissued a “buy” rating and set a $399.
00 price target (up from $390.00) on shares of Caterpillar in a report on Wednesday, August 7th. StockNews.
com downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup started coverage on shares of Caterpillar in a research note on Wednesday, June 26th. They set a “buy” rating and a $380.
00 target price on the stock. Finally, UBS Group increased their price objective on shares of Caterpillar from $270.00 to $285.
00 and gave the company a “sell” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.
com, Caterpillar has an average rating of “Hold” and a consensus target price of $336.31. View Our Latest Analysis on CAT About Caterpillar ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc.
( NYSE:CAT – Free Report ). Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter .
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