Davidson Investment Advisors Has $471,000 Position in Caterpillar Inc. (NYSE:CAT)

Davidson Investment Advisors lowered its position in Caterpillar Inc. (NYSE:CAT) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,165 shares of the industrial products company’s stock after selling 150 shares during the quarter. Davidson Investment Advisors’ holdings in Caterpillar were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in CAT. Price T Rowe Associates Inc. MD increased its stake in shares of Caterpillar by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,492,830 shares of the industrial products company’s stock valued at $3,360,452,000 after buying an additional 1,451,470 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Caterpillar in the first quarter valued at approximately $122,802,000. CIBC Private Wealth Group LLC boosted its holdings in Caterpillar by 1,045.9% in the first quarter. CIBC Private Wealth Group LLC now owns 478,702 shares of the industrial products company’s stock valued at $110,997,000 after acquiring an additional 436,928 shares during the last quarter. Mn Services Vermogensbeheer B.V. bought a new stake in Caterpillar in the second quarter valued at approximately $73,392,000. Finally, Capital International Investors boosted its holdings in Caterpillar by 4.4% in the first quarter. Capital International Investors now owns 8,454,057 shares of the industrial products company’s stock valued at $1,960,242,000 after acquiring an additional 360,098 shares during the last quarter. 67.82% of the stock is owned by institutional investors.

NYSE CAT traded up $2.26 on Wednesday, reaching $204.59. The company had a trading volume of 14,259 shares, compared to its average volume of 3,378,652. Caterpillar Inc. has a 52-week low of $142.73 and a 52-week high of $246.69. The stock has a market capitalization of $112.01 billion, a P/E ratio of 25.67, a P/E/G ratio of 1.69 and a beta of 0.90. The company’s fifty day moving average is $210.52 and its 200 day moving average is $222.31. The company has a quick ratio of 1.10, a current ratio of 1.56 and a debt-to-equity ratio of 1.55.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, July 29th. The industrial products company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.22. Caterpillar had a return on equity of 30.80% and a net margin of 9.57%. The firm had revenue of $12.89 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period last year, the firm posted $1.03 EPS. The business’s revenue was up 28.9% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 10.08 EPS for the current year.

Several analysts recently commented on CAT shares. Credit Suisse Group reduced their target price on Caterpillar from $268.00 to $256.00 and set an “outperform” rating on the stock in a report on Monday, August 2nd. Zacks Investment Research cut Caterpillar from a “buy” rating to a “hold” rating and set a $226.00 price target on the stock. in a report on Wednesday, June 30th. Tigress Financial restated a “buy” rating and set a $270.00 price target on shares of Caterpillar in a report on Friday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $264.00 price target on shares of Caterpillar in a report on Thursday, May 27th. Finally, Morgan Stanley cut their price target on Caterpillar from $181.00 to $172.00 and set an “underweight” rating on the stock in a report on Monday, August 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average price target of $233.80.

In other Caterpillar news, Director David Maclennan bought 500 shares of the firm’s stock in a transaction dated Wednesday, August 4th. The stock was purchased at an average cost of $206.20 per share, with a total value of $103,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Caterpillar 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.

Featured Story: Federal Reserve

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.