Victrix Investment Advisors Has $2.36 Million Stake in Caterpillar Inc. $CAT

Victrix Investment Advisors grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,078 shares of the industrial products company’s stock after acquiring an additional 281 shares during the quarter. Victrix Investment Advisors’ holdings in Caterpillar were worth $2,359,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAT. Compass Financial Services Inc grew its holdings in shares of Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar during the second quarter worth about $32,000. Curat Global LLC bought a new stake in shares of Caterpillar during the first quarter worth about $33,000. Redmont Wealth Advisors LLC bought a new stake in shares of Caterpillar during the first quarter worth about $33,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in shares of Caterpillar during the first quarter worth about $45,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of several research reports. Jefferies Financial Group restated a “buy” rating and set a $500.00 price target on shares of Caterpillar in a report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a report on Tuesday, September 23rd. Robert W. Baird upped their target price on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $466.53.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock valued at $16,885,492 over the last ninety days. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $477.03 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34. The stock’s 50 day moving average is $433.41 and its 200-day moving average is $375.62. The firm has a market capitalization of $223.48 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 2.87 and a beta of 1.41.

Caterpillar (NYSE:CAT) last issued its earnings results 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 return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period in the previous year, the company earned $5.99 earnings per share. Caterpillar’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.