Tirschwell & Loewy Inc. Cuts Stake in Caterpillar, Inc. (CAT)
Tirschwell & Loewy Inc. lessened its position in shares of Caterpillar, Inc. (NYSE:CAT) by 3.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,350 shares of the industrial products company’s stock after selling 235 shares during the quarter. Tirschwell & Loewy Inc.’s holdings in Caterpillar were worth $682,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Baker Ellis Asset Management LLC acquired a new position in shares of Caterpillar during the second quarter valued at $104,000. Reilly Financial Advisors LLC lifted its stake in shares of Caterpillar by 92.9% during the second quarter. Reilly Financial Advisors LLC now owns 1,111 shares of the industrial products company’s stock valued at $119,000 after acquiring an additional 535 shares during the period. Harbour Capital Advisors LLC acquired a new position in shares of Caterpillar during the first quarter valued at $107,000. Chicago Partners Investment Group LLC lifted its stake in shares of Caterpillar by 75.6% during the second quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 496 shares during the period. Finally, First Personal Financial Services lifted its stake in shares of Caterpillar by 167.4% during the first quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 750 shares during the period. 69.24% of the stock is currently owned by institutional investors and hedge funds.
In other Caterpillar news, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzette M. Long sold 13,859 shares of the business’s 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 sale, the insider now directly owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The disclosure for this sale can be found here. Insiders have sold a total of 201,471 shares of company stock valued at $22,979,332 over the last three months. Corporate insiders own 0.14% of the company’s stock.
Caterpillar, Inc. (NYSE CAT) opened at 124.32 on Tuesday. The firm has a market capitalization of $73.47 billion, a PE ratio of 694.53 and a beta of 1.24. Caterpillar, Inc. has a 12 month low of $80.33 and a 12 month high of $125.42. The company’s 50-day moving average price is $116.33 and its 200 day moving average price is $105.20.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, beating 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 business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same period in the previous year, the company posted $1.09 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts predict that Caterpillar, Inc. will post $5.25 earnings per share for the current year.
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A number of research firms recently commented on CAT. TheStreet upgraded Caterpillar from a “c+” rating to a “b” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Friday, July 14th. Credit Suisse Group reiterated a “buy” rating and issued a $123.00 price objective on shares of Caterpillar in a report on Thursday, June 22nd. Bank of America Corporation set a $120.00 price objective on Caterpillar and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Deutsche Bank AG dropped their price objective on Caterpillar from $108.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Caterpillar has an average rating of “Hold” and a consensus price target of $114.03.
Caterpillar Company Profile
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