Intech Investment Management LLC Has $52.34 Million Holdings in Caterpillar Inc. $CAT

Intech Investment Management LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 31.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,689 shares of the industrial products company’s stock after selling 72,453 shares during the quarter. Caterpillar makes up approximately 0.5% of Intech Investment Management LLC’s investment portfolio, making the stock its 26th largest position. Intech Investment Management LLC’s holdings in Caterpillar were worth $52,336,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. McIlrath & Eck LLC lifted its position in Caterpillar by 3.2% in the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company’s stock valued at $349,000 after acquiring an additional 30 shares in the last quarter. Allen Wealth Management LLC lifted its position in Caterpillar by 0.8% in the 1st quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company’s stock valued at $1,322,000 after acquiring an additional 30 shares in the last quarter. Warwick Investment Management Inc. lifted its position in Caterpillar by 2.6% in the 1st quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 30 shares in the last quarter. Summit X LLC lifted its position in Caterpillar by 3.2% in the 1st quarter. Summit X LLC now owns 1,025 shares of the industrial products company’s stock valued at $338,000 after acquiring an additional 32 shares in the last quarter. Finally, Menard Financial Group LLC lifted its position in Caterpillar by 1.0% in the 1st quarter. Menard Financial Group LLC now owns 3,174 shares of the industrial products company’s stock valued at $1,019,000 after acquiring an additional 32 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Down 1.1%

Caterpillar stock opened at $417.96 on Wednesday. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The firm has a market capitalization of $195.81 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.57 and a beta of 1.41. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The firm has a 50 day simple moving average of $418.27 and a 200 day simple moving average of $363.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the prior year, the firm posted $5.99 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the transaction, the chairman directly owned 482,505 shares in the company, valued at approximately $199,211,839.35. The trade was a 3.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,653 shares of company stock worth $8,943,642. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Robert W. Baird decreased their price objective on shares of Caterpillar from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. Finally, Citigroup increased their price objective on shares of Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $457.20.

Caterpillar Company Profile

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.