Is Caterpillar, Inc. (NYSE:CAT) Stock Overbought?


Vanguard Group Inc. now owns 38,847,552 shares of the industrial products company's stock valued at $3,603,500,000 after buying an additional 1,342,984 shares during the last quarter.

Dividend History for Caterpillar, Inc. The stock has been active on the tape, now trading at $128.60, up from yesterday's close by 0.32%.

Let's take an assessment at how Caterpillar Inc.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, July 25th. It has outperformed by 30.83% the S&P500. Geode Capital Management LLC now owns 5,575,420 shares of the industrial products company's stock worth $516,423,000 after purchasing an additional 419,191 shares during the last quarter.

There are 1,238 institutional holders with active positions, accounting for 415.01 million shares in total. Turtle Creek Asset Management Inc who had been investing in Heico Corp New for a number of months, seems to be less bullish one the $6.59B market cap company. CAT) voted today to maintain the quarterly cash dividend of seventy-eight cents ($0.78) per share of common stock, payable November 20, 2017, to shareholders of record at the close of business on October 23, 2017.

Rockland Trust Co increased Southern Company (NYSE:SO) stake by 11,486 shares to 356,170 valued at $17.05M in 2017Q2. It also upped Sei Investments Co (NASDAQ:SEIC) stake by 47,588 shares and now owns 68,455 shares. Of those analysts, 6 rate stock as a Strong Buy, 10 rate it as Hold, and just no analyst rates it as a Moderate Sell. Caterpillar Inc. had 79 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned "Equal-Weight" rating on Wednesday, October 12 by Barclays Capital. Finally, Credit Suisse Group reissued a "hold" rating and set a $133.00 price target on shares of Caterpillar in a research report on Friday, September 22nd. On Friday, September 25 the stock rating was maintained by BMO Capital Markets with "Market Perform". RBC Capital Markets has "Hold" rating and $12000 target. The company has an average rating of "Hold" and a consensus target price of $116.98. The firm has "Perform" rating by Oppenheimer given on Tuesday, January 5.

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Taking a look at insider trading at Caterpillar Inc. (NYSE:CAT) earned "Buy" rating by Tigress Financial on Monday, July 31. The stock has "Neutral" rating by Robert W. Baird on Friday, September 4. The stock has advanced 60.09% to a low over the previous 12 months and showed rising move 0.24% to a high over the same period. They expect $1.19 EPS, up 40.00% or $0.34 from last year's $0.85 per share. CAT's profit will be $707.30 million for 27.30 P/E if the $1.19 EPS becomes a reality. After $1.49 actual EPS reported by Caterpillar Inc. for the previous quarter, Wall Street now forecasts -20.13% negative EPS growth.

Investors sentiment increased to 0.96 in Q2 2017. Its up 0.40, from 1.09 in 2017Q1. Of those transactions, there were 52,379 shares of CAT bought and 487,354 shares sold.

Hedge funds have recently added to or reduced their stakes in the company. As of quarter end Umb Bank N A/mo had disposed of a total of 1,150 shares trimming its stake by 4.6%. Utd Advisers Ltd Liability Company, a California-based fund reported 163,666 shares. Mechanics National Bank & Trust Trust Department invested in 0.15% or 5,731 shares. Connecticut-based Conning has invested 0.07% in Caterpillar Inc. For CAT, the company now has $52 Million of cash on the books, which is offset by $13.38 Billion current liabilities. Toth Financial Advisory Corp lifted its holdings in shares of Caterpillar by 0.3% in the 2nd quarter. (NYSE:CAT). Evercore Wealth Limited has 0.04% invested in Caterpillar Inc. Puplava Financial has invested 2.02% in Caterpillar Inc. Following the completion of the sale, the insider now directly owns 18,188 shares of the company's stock, valued at $2,078,888.40. 8,310 are owned by Sawgrass Asset Mngmt Lc. Zacks Inv Mngmt holds 0.21% of its portfolio in Caterpillar Inc. (NYSE:CAT) for 48 shares. Parametric Portfolio Associates Ltd Liability owns 1.61 million shares. The firm realized a fall in short interest of -3.24% as of the latest report on September 29, 2017. Clearbridge Investments LLC now owns 3,635 shares of the industrial products company's stock worth $337,000 after buying an additional 10 shares during the period. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Hsbc Public Ltd Company holds 11,024 shares or 0% of its portfolio.

Among 15 analysts covering CR Bard (NYSE:BCR), 4 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. CR Bard had 30 analyst reports since August 27, 2015 according to SRatingsIntel. JP Morgan has "Neutral" rating and $89 target. Jefferies maintained C R Bard Inc (NYSE:BCR) rating on Thursday, June 29. The rating was maintained by Jefferies on Monday, August 28 with "Hold".

On 7/28/2017 William A. Osborn, Director, sold 5,000 with an average share price of $113.67 per share and the total transaction amounting to $568,350.00. (NYSE:CAT) has "Sell" rating given on Thursday, January 26 by Standpoint Research. The rating was upgraded by Morgan Stanley on Wednesday, December 14 to "Equal-Weight".