Brookstone Capital Management Purchases 95 Shares of Caterpillar Inc. (NYSE:CAT)

Brookstone Capital Management boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,359 shares of the industrial products company’s stock after buying an additional 95 shares during the quarter. Brookstone Capital Management’s holdings in Caterpillar were worth $7,934,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CAT. Flagship Harbor Advisors LLC lifted its holdings in shares of Caterpillar by 33.0% during the second quarter. Flagship Harbor Advisors LLC now owns 4,399 shares of the industrial products company’s stock worth $1,082,000 after buying an additional 1,092 shares in the last quarter. Gradient Investments LLC boosted its holdings in Caterpillar by 8.8% in the 2nd quarter. Gradient Investments LLC now owns 4,189 shares of the industrial products company’s stock valued at $1,031,000 after purchasing an additional 338 shares during the period. Castle Rock Wealth Management LLC bought a new position in shares of Caterpillar during the second quarter worth approximately $206,000. Allied Investment Advisors LLC raised its position in shares of Caterpillar by 1.8% in the second quarter. Allied Investment Advisors LLC now owns 44,018 shares of the industrial products company’s stock valued at $10,831,000 after buying an additional 758 shares in the last quarter. Finally, Foster Group Inc. grew its position in Caterpillar by 6.0% during the second quarter. Foster Group Inc. now owns 971 shares of the industrial products company’s stock worth $239,000 after buying an additional 55 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CAT. The Goldman Sachs Group upped their target price on Caterpillar from $274.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Robert W. Baird boosted their target price on shares of Caterpillar from $183.00 to $234.00 and gave the company an “underperform” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus increased their price target on shares of Caterpillar from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. TD Cowen upped their target price on Caterpillar from $287.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, DA Davidson started coverage on Caterpillar in a research report on Wednesday, June 21st. They issued a “neutral” rating and a $263.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Hold” and an average target price of $267.00.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 2,923 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $279.00, for a total value of $815,517.00. Following the completion of the sale, the insider now directly owns 16,182 shares of the company’s stock, valued at $4,514,778. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Lange Bob De sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $275.00, for a total transaction of $5,500,000.00. Following the completion of the sale, the insider now directly owns 53,671 shares of the company’s stock, valued at approximately $14,759,525. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 2,923 shares of Caterpillar stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the sale, the insider now directly owns 16,182 shares in the company, valued at approximately $4,514,778. The disclosure for this sale can be found here. Insiders have sold 54,918 shares of company stock worth $15,299,870 in the last quarter. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 1.2 %

NYSE:CAT opened at $279.15 on Monday. The firm has a fifty day simple moving average of $272.99 and a two-hundred day simple moving average of $242.30. Caterpillar Inc. has a 12 month low of $160.60 and a 12 month high of $293.88. The stock has a market capitalization of $142.39 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.16 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $5.55 EPS for the quarter, beating analysts’ consensus estimates of $4.57 by $0.98. Caterpillar had a return on equity of 55.93% and a net margin of 12.91%. The firm had revenue of $17.30 billion during the quarter, compared to analysts’ expectations of $16.46 billion. During the same quarter last year, the firm posted $3.18 earnings per share. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts expect that Caterpillar Inc. will post 19.82 EPS for the current fiscal year.

About Caterpillar

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.