Ethic Inc. Has $1.01 Million Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Ethic Inc. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 19.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,643 shares of the industrial products company’s stock after selling 1,116 shares during the period. Ethic Inc.’s holdings in Caterpillar were worth $1,010,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Elmwood Wealth Management Inc. bought a new stake in Caterpillar in the 1st quarter valued at about $26,000. CKW Financial Group bought a new position in shares of Caterpillar in the second quarter worth $32,000. Wagner Wealth Management LLC bought a new position in shares of Caterpillar in the first quarter worth $35,000. Psagot Investment House Ltd. grew its position in Caterpillar by 105.5% in the first quarter. Psagot Investment House Ltd. now owns 150 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 77 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its position in Caterpillar by 87.0% during the second quarter. AlphaMark Advisors LLC now owns 187 shares of the industrial products company’s stock valued at $41,000 after buying an additional 87 shares during the period. 67.82% of the stock is owned by institutional investors and hedge funds.

NYSE CAT opened at $202.33 on Wednesday. Caterpillar Inc. has a 12 month low of $142.73 and a 12 month high of $246.69. The company has a 50-day moving average of $210.52 and a 200-day moving average of $222.31. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.56 and a quick ratio of 1.10. The company has a market cap of $110.77 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.69 and a beta of 0.90.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, July 29th. The industrial products company reported $2.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.22. The firm had revenue of $12.89 billion during the quarter, compared to analysts’ expectations of $12.53 billion. Caterpillar had a return on equity of 30.80% and a net margin of 9.57%. Caterpillar’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. As a group, equities research analysts anticipate that Caterpillar Inc. will post 10.08 EPS for the current year.

In other Caterpillar news, Director David Maclennan purchased 500 shares of the stock in a transaction dated Wednesday, August 4th. The shares were bought at an average cost of $206.20 per share, with a total value of $103,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Caterpillar from $258.00 to $241.00 and set a “buy” rating for the company in a report on Monday, August 2nd. Credit Suisse Group dropped their target price on shares of Caterpillar from $268.00 to $256.00 and set an “outperform” rating on the stock in a report on Monday, August 2nd. Zacks Investment Research cut shares of Caterpillar from a “buy” rating to a “hold” rating and set a $226.00 target price on the stock. in a report on Wednesday, June 30th. Tigress Financial reiterated a “buy” rating and set a $270.00 price target on shares of Caterpillar in a research note on Friday, August 6th. Finally, Morgan Stanley decreased their price objective on shares of Caterpillar from $181.00 to $172.00 and set an “underweight” rating on the stock in a research report on Monday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $233.80.

Caterpillar Company Profile

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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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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