Caterpillar, Inc. (CAT) Shares Bought by Genovese Burford & Brothers Wealth & Retirement Plan Management LLC

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC grew its stake in Caterpillar, Inc. (NYSE:CAT) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,325 shares of the industrial products company’s stock after purchasing an additional 102 shares during the period. Caterpillar comprises about 0.2% of Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s investment portfolio, making the stock its 29th biggest position. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in Caterpillar were worth $572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new stake in shares of Caterpillar during the 1st quarter valued at about $107,000. First Personal Financial Services boosted its position in shares of Caterpillar by 167.4% during the 1st 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 in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of Caterpillar during the 1st quarter valued at about $111,000. Financial Architects Inc boosted its position in shares of Caterpillar by 5.7% during the 1st quarter. Financial Architects Inc now owns 1,215 shares of the industrial products company’s stock valued at $113,000 after acquiring an additional 65 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its position in shares of Caterpillar by 92.9% during the 2nd 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 in the last quarter. Institutional investors own 69.23% of the company’s stock.

Shares of Caterpillar, Inc. (NYSE CAT) opened at 120.94 on Wednesday. The company has a market capitalization of $71.47 billion, a P/E ratio of 675.64 and a beta of 1.24. The company’s 50 day moving average is $114.83 and its 200-day moving average is $104.09. Caterpillar, Inc. has a 1-year low of $79.93 and a 1-year high of $121.39.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.23. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business earned $1.09 EPS. On average, equities research analysts forecast that Caterpillar, Inc. will post $5.24 EPS for the current year.

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CAT has been the topic of several recent research reports. BidaskClub upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Seaport Global Securities initiated coverage on shares of Caterpillar in a research report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 target price on the stock. Axiom Securities reiterated a “sell” rating on shares of Caterpillar in a research report on Tuesday, June 6th. Wells Fargo & Company reiterated an “outperform” rating on shares of Caterpillar in a research report on Wednesday, July 26th. Finally, Vetr lowered shares of Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price on the stock. in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $110.79.

In related news, insider Suzette M. Long sold 13,859 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares in the company, valued at approximately $2,078,888.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William A. Osborn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,471 shares of company stock valued at $22,979,332. 0.15% of the stock is owned by company insiders.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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