Caterpillar Inc. $CAT Shares Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its stake in Caterpillar Inc. (NYSE:CAT) by 38.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,236 shares of the industrial products company’s stock after purchasing an additional 38,667 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Caterpillar were worth $66,914,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Caterpillar in the second quarter valued at $2,165,899,000. Illinois Municipal Retirement Fund increased its stake in Caterpillar by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after acquiring an additional 1,181 shares during the last quarter. Groupe la Francaise raised its holdings in shares of Caterpillar by 82.0% in the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock worth $10,820,000 after purchasing an additional 12,278 shares during the period. Union Bancaire Privee UBP SA lifted its stake in shares of Caterpillar by 155.9% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock valued at $21,014,000 after purchasing an additional 28,773 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in shares of Caterpillar during the 3rd quarter worth about $8,893,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson increased their target price on shares of Caterpillar from $569.00 to $650.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Wolfe Research boosted their price objective on shares of Caterpillar from $470.00 to $670.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. upped their price target on shares of Caterpillar from $765.00 to $860.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $730.50.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction on Friday, February 13th. The shares were sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the sale, the insider owned 46,643 shares of the company’s stock, valued at $36,236,946.70. The trade was a 14.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lange Bob De sold 22,656 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the transaction, the insider owned 79,953 shares in the company, valued at $57,574,954.83. This represents a 22.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 135,950 shares of company stock worth $94,327,990. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Up 0.9%

NYSE CAT opened at $700.09 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $789.81. The business has a 50 day moving average price of $695.58 and a two-hundred day moving average price of $587.94. The stock has a market cap of $325.75 billion, a PE ratio of 37.20, a P/E/G ratio of 1.64 and a beta of 1.53.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The company had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $5.14 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.