Other hedge funds have additionally purchased and offered shares of the corporate. Atlas Capital Advisors LLC grew its stake in Caterpillar by 272.4% throughout the first quarter. Atlas Capital Advisors LLC now owns 108 shares of the economic merchandise firm’s inventory value $25,000 after shopping for an extra 79 shares within the final quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Caterpillar by 730.8% throughout the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the economic merchandise firm’s inventory value $25,000 after shopping for an extra 95 shares within the final quarter. First Capital Advisors Group LLC. acquired a brand new stake in Caterpillar throughout the second quarter value about $30,000. CGC Financial Services LLC acquired a brand new stake in Caterpillar throughout the second quarter value about $31,000. Finally, SkyView Investment Advisors LLC acquired a brand new stake in Caterpillar throughout the first quarter value about $35,000. 69.20% of the inventory is owned by institutional traders.
Caterpillar Trading Down 1.8 %
Shares of Caterpillar inventory opened at $358.11 on Friday. Caterpillar Inc. has a 52-week low of $204.04 and a 52-week excessive of $365.52. The inventory’s 50-day easy transferring common is $321.04 and its 200 day easy transferring common is $285.58. The inventory has a market capitalization of $178.84 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.74 and a beta of 1.16. The firm has a debt-to-equity ratio of 1.25, a fast ratio of 0.87 and a present ratio of 1.35.
Caterpillar (NYSE:CAT – Get Free Report) final introduced its quarterly earnings knowledge on Monday, February fifth. The industrial merchandise firm reported $5.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.76 by $0.47. Caterpillar had a return on fairness of 56.99% and a web margin of 15.41%. The business had income of $17.07 billion for the quarter, in comparison with analysts’ expectations of $17.06 billion. During the identical interval within the earlier yr, the business posted $3.86 EPS. The agency’s quarterly income was up 2.8% in comparison with the identical quarter final yr. As a gaggle, analysis analysts anticipate that Caterpillar Inc. will put up 21.25 EPS for the present yr.
Analyst Upgrades and Downgrades
Numerous analysis corporations have just lately weighed in on CAT. InventoryNews.com downgraded shares of Caterpillar from a “strong-buy” ranking to a “buy” ranking in a analysis notice on Tuesday, February twentieth. Wells Fargo & Company raised their worth goal on shares of Caterpillar from $290.00 to $325.00 and gave the corporate an “equal weight” ranking in a analysis notice on Tuesday, February sixth. Sanford C. Bernstein raised their worth goal on shares of Caterpillar from $216.00 to $245.00 and gave the corporate a “market perform” ranking in a analysis notice on Thursday, December twenty first. Robert W. Baird raised their worth goal on shares of Caterpillar from $210.00 to $257.00 and gave the corporate an “underperform” ranking in a analysis notice on Tuesday, February sixth. Finally, Truist Financial initiated protection on shares of Caterpillar in a analysis notice on Thursday, March 14th. They issued a “buy” ranking and a $390.00 worth goal for the corporate. One analyst has rated the inventory with a promote ranking, 9 have assigned a maintain ranking and 9 have given a purchase ranking to the corporate’s inventory. According to MarketBeat.com, Caterpillar presently has a consensus ranking of “Hold” and a consensus worth goal of $297.89.
View Our Latest Research Report on Caterpillar
Insider Activity
In different information, CFO Andrew R. J. Bonfield offered 10,000 shares of the corporate’s inventory in a transaction dated Friday, February 2nd. The inventory was offered at a mean worth of $310.10, for a complete transaction of $3,101,000.00. Following the sale, the chief monetary officer now instantly owns 57,317 shares within the firm, valued at $17,774,001.70. The sale was disclosed in a doc filed with the SEC, which is available at this hyperlink. In associated information, Director David Maclennan acquired 350 shares of the agency’s inventory in a transaction that occurred on Friday, February twenty third. The shares had been purchased at a mean cost of $323.37 per share, for a complete transaction of $113,179.50. Following the completion of the transaction, the director now owns 5,238 shares within the firm, valued at $1,693,812.06. The acquisition was disclosed in a doc filed with the Securities & Exchange Commission, which will be accessed by means of this hyperlink. Also, CFO Andrew R. J. Bonfield offered 10,000 shares of the corporate’s inventory in a transaction that occurred on Friday, February 2nd. The inventory was offered at a mean worth of $310.10, for a complete transaction of $3,101,000.00. Following the completion of the transaction, the chief monetary officer now owns 57,317 shares within the firm, valued at $17,774,001.70. The disclosure for this sale will be discovered right here. Insiders have offered a complete of 45,769 shares of firm inventory value $14,509,306 during the last ninety days. Company insiders personal 0.33% of the corporate’s inventory.
About Caterpillar
(Free Report)
Caterpillar Inc manufactures and sells development and mining gear, off-highway diesel and pure fuel engines, industrial fuel generators, and diesel-electric locomotives in worldwide. Its Construction Industries section provides asphalt pavers, compactors, highway reclaimers, forestry machines, chilly planers, materials handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact observe, wheel, track-type, backhoe, and skid steer loaders; and associated components and instruments.
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