Castleview Partners LLC Grows Stock Holdings in Caterpillar Inc. $CAT

Castleview Partners LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 831 shares of the industrial products company’s stock after buying an additional 67 shares during the period. Castleview Partners LLC’s holdings in Caterpillar were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Family Legacy Financial Solutions LLC purchased a new position in shares of Caterpillar during the 2nd quarter valued at $32,000. Compass Financial Services Inc grew its position in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Mattson Financial Services LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at $39,000. Curat Global LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at $33,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at $33,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target for the company in a research report on Tuesday, August 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Barclays upped their target price on shares of Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Bank of America upped their target price on shares of Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday. Two 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 stock. According to MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $464.33.

Caterpillar Stock Performance

Caterpillar stock opened at $470.50 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $220.42 billion, a PE ratio of 23.93, a P/E/G ratio of 2.86 and a beta of 1.41. The firm has a fifty day simple moving average of $429.02 and a two-hundred day simple moving average of $371.77. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.99 earnings per share. Research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares of the company’s stock, valued at $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock valued at $16,885,492 over the last three months. Insiders own 0.33% of the company’s stock.

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.