Sciencast Management LP Buys New Stake in Caterpillar Inc. (NYSE:CAT)

Sciencast Management LP bought a new stake in Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,012 shares of the industrial products company’s stock, valued at approximately $990,000.

Several other institutional investors have also recently added to or reduced their stakes in CAT. Horan Securities Inc. increased its holdings in Caterpillar by 678.6% in the 1st quarter. Horan Securities Inc. now owns 109 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 95 shares during the last quarter. West Financial Advisors LLC acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $25,000. Atlas Capital Advisors LLC increased its holdings in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Caterpillar by 730.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Finally, TFC Financial Management Inc. grew its stake in shares of Caterpillar by 470.8% in the first quarter. TFC Financial Management Inc. now owns 137 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CAT shares. The Goldman Sachs Group boosted their price target on shares of Caterpillar from $274.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Citigroup boosted their price target on shares of Caterpillar from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Monday, July 17th. DA Davidson started coverage on shares of Caterpillar in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $263.00 price target for the company. Barclays boosted their price target on shares of Caterpillar from $225.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Finally, Bank of America boosted their target price on shares of Caterpillar from $283.00 to $323.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $267.00.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 2,923 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the transaction, the insider now directly owns 16,182 shares in the company, valued at $4,514,778. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Cheryl H. Johnson sold 6,415 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $260.00, for a total value of $1,667,900.00. Following the sale, the insider now directly owns 16,362 shares in the company, valued at $4,254,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 2,923 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the sale, the insider now owns 16,182 shares in the company, valued at $4,514,778. The disclosure for this sale can be found here. Insiders sold 54,918 shares of company stock valued at $15,299,870 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.2 %

NYSE CAT opened at $281.60 on Tuesday. The stock has a market capitalization of $143.64 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.17 and a beta of 1.13. Caterpillar Inc. has a 52-week low of $160.60 and a 52-week high of $293.88. The firm has a 50-day moving average price of $273.63 and a 200 day moving average price of $242.50. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 1.26.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.98. The firm had revenue of $17.30 billion during the quarter, compared to analysts’ expectations of $16.46 billion. Caterpillar had a net margin of 12.91% and a return on equity of 55.93%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.18 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 19.82 EPS for the current year.

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.