Foundations Investment Advisors LLC Has $504,000 Stock Position in Caterpillar Inc. (NYSE:CAT)

Foundations Investment Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 28.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,926 shares of the industrial products company’s stock after purchasing an additional 640 shares during the period. Foundations Investment Advisors LLC’s holdings in Caterpillar were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Vanguard Group Inc. raised its holdings in Caterpillar by 1.4% during the first quarter. Vanguard Group Inc. now owns 48,223,787 shares of the industrial products company’s stock worth $10,745,224,000 after acquiring an additional 663,885 shares in the last quarter. BlackRock Inc. grew its position in shares of Caterpillar by 2.7% in the first quarter. BlackRock Inc. now owns 37,494,751 shares of the industrial products company’s stock valued at $8,354,582,000 after purchasing an additional 992,608 shares during the last quarter. Capital World Investors grew its position in Caterpillar by 51.7% during the first quarter. Capital World Investors now owns 20,124,623 shares of the industrial products company’s stock worth $4,484,176,000 after buying an additional 6,861,936 shares in the last quarter. Geode Capital Management LLC grew its position in Caterpillar by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 8,619,170 shares of the industrial products company’s stock worth $1,776,940,000 after buying an additional 52,169 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Caterpillar by 3.8% during the first quarter. Fisher Asset Management LLC now owns 7,272,322 shares of the industrial products company’s stock worth $1,620,419,000 after purchasing an additional 268,133 shares during the last quarter. 68.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CAT. Cowen dropped their price target on Caterpillar from $255.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, July 7th. Citigroup raised their target price on Caterpillar to $195.00 in a research note on Monday, August 15th. Sanford C. Bernstein downgraded Caterpillar from an “outperform” rating to a “market perform” rating and set a $195.00 price target for the company. in a research note on Wednesday, August 3rd. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, July 20th. Finally, Daiwa Capital Markets dropped their target price on shares of Caterpillar to $190.00 in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $223.38.

Caterpillar Price Performance

CAT stock opened at $179.47 on Friday. Caterpillar Inc. has a 12 month low of $167.08 and a 12 month high of $237.90. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $185.97 and a 200 day moving average price of $201.48. The stock has a market cap of $94.74 billion, a PE ratio of 14.36, a P/E/G ratio of 1.20 and a beta of 1.02.

Caterpillar (NYSE:CATGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $3.00 by $0.18. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. The business had revenue of $14.25 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the business posted $2.60 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 12.65 earnings per share for the current year.

Caterpillar Company Profile

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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

See Also

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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