Kanawha Capital Management LLC increased its stake in Caterpillar, Inc. (NYSE:CAT) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,846 shares of the industrial products company’s stock after purchasing an additional 50 shares during the quarter. Kanawha Capital Management LLC’s holdings in Caterpillar were worth $2,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CAT. Russell Investments Group Ltd. increased its holdings in Caterpillar by 4.8% during the 1st quarter. Russell Investments Group Ltd. now owns 679,422 shares of the industrial products company’s stock valued at $63,022,000 after acquiring an additional 31,218 shares in the last quarter. Financial Architects Inc increased its holdings in Caterpillar by 5.7% during the 1st quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 65 shares in the last quarter. First Midwest Bank Trust Division increased its holdings in Caterpillar by 3.6% during the 1st quarter. First Midwest Bank Trust Division now owns 14,423 shares of the industrial products company’s stock valued at $1,338,000 after acquiring an additional 495 shares in the last quarter. Argyle Capital Management Inc. increased its holdings in Caterpillar by 0.3% during the 1st quarter. Argyle Capital Management Inc. now owns 30,000 shares of the industrial products company’s stock valued at $2,783,000 after acquiring an additional 100 shares in the last quarter. Finally, Hudock Capital Group LLC increased its holdings in Caterpillar by 9.5% during the 1st quarter. Hudock Capital Group LLC now owns 15,623 shares of the industrial products company’s stock valued at $1,449,000 after acquiring an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 69.23% of the company’s stock.

Caterpillar, Inc. (NYSE CAT) opened at 121.37 on Friday. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $121.57. The firm’s 50-day moving average is $115.74 and its 200-day moving average is $104.67. The firm has a market capitalization of $71.73 billion, a PE ratio of 678.04 and a beta of 1.24.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. Caterpillar had a return on equity of 18.52% and a net margin of 0.27%. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. On average, equities research analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current year.

Several equities analysts have weighed in on CAT shares. Vetr downgraded shares of Caterpillar from a “buy” rating to a “hold” rating and set a $107.75 target price for the company. in a report on Tuesday, May 23rd. Bank of America Corporation restated a “buy” rating and set a $120.00 target price on shares of Caterpillar in a report on Thursday, May 25th. Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Tuesday, June 6th. BMO Capital Markets restated a “hold” rating and set a $110.00 target price on shares of Caterpillar in a report on Wednesday, June 21st. Finally, Credit Suisse Group restated a “buy” rating and set a $123.00 target price on shares of Caterpillar in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $111.74.

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In related news, insider Bradley M. Halverson sold 182,612 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $114.05, for a total value of $20,826,898.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzette M. Long sold 13,859 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock worth $22,979,332 in the last 90 days. 0.15% of the stock is currently owned by corporate insiders.

Caterpillar Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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