RMR Wealth Builders acquired a new position in Caterpillar Inc. (NYSE:CAT) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 349 shares of the industrial products company’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Caterpillar by 3.7% in the 2nd quarter. BlackRock Inc. now owns 35,907,749 shares of the industrial products company’s stock worth $4,542,330,000 after purchasing an additional 1,293,131 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Caterpillar by 1.4% in the 1st quarter. Geode Capital Management LLC now owns 7,687,192 shares of the industrial products company’s stock worth $890,345,000 after purchasing an additional 102,641 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Caterpillar by 17.9% in the 1st quarter. Wellington Management Group LLP now owns 6,735,624 shares of the industrial products company’s stock worth $781,602,000 after purchasing an additional 1,023,938 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Caterpillar by 3.4% in the 2nd quarter. Fisher Asset Management LLC now owns 5,799,409 shares of the industrial products company’s stock worth $733,625,000 after purchasing an additional 190,262 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Caterpillar by 17.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,633,472 shares of the industrial products company’s stock worth $712,634,000 after purchasing an additional 833,509 shares in the last quarter. Hedge funds and other institutional investors own 66.19% of the company’s stock.

In other Caterpillar news, insider Lange Bob De sold 1,575 shares of Caterpillar stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $147.00, for a total transaction of $231,525.00. Following the completion of the sale, the insider now owns 30,798 shares of the company’s stock, valued at approximately $4,527,306. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.31% of the company’s stock.

A number of research firms recently commented on CAT. Deutsche Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and boosted their target price for the stock from $126.50 to $166.00 in a report on Tuesday, June 30th. BMO Capital Markets downgraded shares of Caterpillar from an “outperform” rating to a “market perform” rating and set a $130.00 target price on the stock. in a report on Friday, June 12th. UBS Group boosted their target price on shares of Caterpillar from $112.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Cfra upgraded shares of Caterpillar to a “buy” rating in a report on Thursday, July 16th. Finally, Bank of America upgraded shares of Caterpillar from an “underperform” rating to a “neutral” rating and set a $135.00 price target on the stock in a report on Wednesday, July 8th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $139.11.

Shares of NYSE:CAT traded up $1.52 during trading on Wednesday, reaching $150.12. 65,106 shares of the company traded hands, compared to its average volume of 3,134,787. The firm has a fifty day simple moving average of $141.82 and a 200 day simple moving average of $124.70. The firm has a market cap of $80.47 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 2.47 and a beta of 1.13. Caterpillar Inc. has a 1-year low of $87.50 and a 1-year high of $155.48. The company has a quick ratio of 1.05, a current ratio of 1.50 and a debt-to-equity ratio of 1.95.

Caterpillar (NYSE:CAT) last issued its earnings results on Friday, July 31st. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.37. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $9.40 billion. Caterpillar had a net margin of 8.90% and a return on equity of 30.52%. The company’s revenue for the quarter was down 30.7% on a year-over-year basis. During the same quarter last year, the business posted $2.83 EPS. As a group, research analysts anticipate that Caterpillar Inc. will post 5.18 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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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