On July 18, 2023 at 15:15:46 ET an unusually large $5,416.00K block of Call contracts in Caterpillar (CAT) was bought, with a strike price of $230.00 / share, expiring in 3 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 14.13 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in CAT options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 3273 funds or institutions reporting positions in Caterpillar. This is an increase of 55 owner(s) or 1.71% in the last quarter. Average portfolio weight of all funds dedicated to CAT is 0.40%, an increase of 5.97%. Total shares owned by institutions increased in the last three months by 4.94% to 432,031K shares. The put/call ratio of CAT is 1.29, indicating a bearish outlook.
Analyst Price Forecast Suggests 4.38% Downside
As of July 6, 2023, the average one-year price target for Caterpillar is 246.17. The forecasts range from a low of 176.75 to a high of $315.00. The average price target represents a decrease of 4.38% from its latest reported closing price of 257.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Caterpillar is 62,487MM, an increase of 1.28%. The projected annual non-GAAP EPS is 15.19.
What are Other Shareholders Doing?
Capital World Investors holds 28,780K shares representing 5.58% ownership of the company. In it’s prior filing, the firm reported owning 29,091K shares, representing a decrease of 1.08%. The firm decreased its portfolio allocation in CAT by 8.37% over the last quarter.
Ofi Invest Asset Management holds 28,287K shares representing 5.49% ownership of the company.
State Farm Mutual Automobile Insurance holds 17,761K shares representing 3.45% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 15,986K shares representing 3.10% ownership of the company. In it’s prior filing, the firm reported owning 15,820K shares, representing an increase of 1.04%. The firm decreased its portfolio allocation in CAT by 10.87% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 12,143K shares representing 2.36% ownership of the company. In it’s prior filing, the firm reported owning 12,030K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in CAT by 10.58% over the last quarter.
Caterpillar Background Information
(This description is provided by the company.)
Since 1925, Caterpillar Inc. has been helping our customers build a better world – making sustainable progress possible and driving positive change on every continent. With 2019 sales and revenues of $53.8 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. Services offered throughout the product life cycle, cutting-edge technology and decades of product expertise set Caterpillar apart, providing exceptional value to help our customers succeed. The company principally operates through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and provides financing and related services through its Financial Products segment.
Key filings for this company:
This story originally appeared on Fintel.
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