Community Bank & Trust Waco Texas decreased its stake in Caterpillar Inc. (NYSE:CAT) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,525 shares of the company’s stock after selling 1,520 shares during the period. Community Bank & Trust Waco Texas’ holdings in Caterpillar were worth $1,404,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Caterpillar by 11.7% in the second quarter. Nisa Investment Advisors LLC now owns 239,920 shares of the company’s stock worth $18,188,000 after buying an additional 25,210 shares in the last quarter. Edgar Lomax Co. VA raised its stake in shares of Caterpillar by 30.6% in the first quarter. Edgar Lomax Co. VA now owns 535,350 shares of the company’s stock worth $40,976,000 after buying an additional 125,500 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Caterpillar by 4.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 330,980 shares of the company’s stock worth $25,333,000 after buying an additional 13,839 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Caterpillar by 15.3% in the second quarter. Alps Advisors Inc. now owns 345,841 shares of the company’s stock worth $26,218,000 after buying an additional 45,798 shares in the last quarter. Finally, PGGM Investments raised its stake in shares of Caterpillar by 8.1% in the second quarter. PGGM Investments now owns 806,656 shares of the company’s stock worth $61,153,000 after buying an additional 60,615 shares in the last quarter. 69.03% of the stock is owned by institutional investors.
Caterpillar Inc. (NYSE:CAT) traded down 0.87% on Tuesday, reaching $87.51. The company had a trading volume of 4,743,263 shares. The company has a market capitalization of $51.13 billion, a PE ratio of 58.34 and a beta of 1.54. Caterpillar Inc. has a 52-week low of $56.36 and a 52-week high of $89.19. The company’s 50-day moving average is $83.35 and its 200-day moving average is $78.35.
Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.13. The firm earned $10.34 billion during the quarter, compared to the consensus estimate of $10.06 billion. Caterpillar had a return on equity of 12.37% and a net margin of 2.64%. Caterpillar’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.27 earnings per share. Equities analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current fiscal year.
A number of analysts have recently issued reports on CAT shares. Zacks Investment Research raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Tuesday, September 27th. Vetr raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $85.19 price objective for the company in a research note on Tuesday, September 13th. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, August 30th. Deutsche Bank AG assumed coverage on shares of Caterpillar in a research note on Monday, September 12th. They issued a “buy” rating and a $82.08 price objective for the company. Finally, Bank of America Corp. reaffirmed a “hold” rating and issued a $92.00 price objective on shares of Caterpillar in a research note on Monday. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $73.07.
In related news, insider Bradley M. Halverson sold 2,841 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $82.73, for a total value of $235,035.93. Following the completion of the transaction, the insider now owns 20,232 shares of the company’s stock, valued at $1,673,793.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dennis A. Muilenburg purchased 1,930 shares of Caterpillar stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average cost of $82.75 per share, with a total value of $159,707.50. Following the acquisition, the director now directly owns 9,558 shares of the company’s stock, valued at approximately $790,924.50. The disclosure for this purchase can be found here. 0.15% of the stock is owned by corporate insiders.
Caterpillar Inc is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. It also provides financing and related services through its Financial Products segment.
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