Sippican Capital Advisors decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the company’s stock after selling 350 shares during the period. Sippican Capital Advisors’ holdings in Caterpillar were worth $379,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kelly Lawrence W & Associates Inc. CA raised its position in Caterpillar by 15.4% in the first quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,500 shares of the company’s stock worth $115,000 after buying an additional 200 shares during the last quarter. WealthTrust Arizona LLC raised its position in Caterpillar by 82.4% in the second quarter. WealthTrust Arizona LLC now owns 2,451 shares of the company’s stock worth $186,000 after buying an additional 1,107 shares during the last quarter. CWM LLC raised its position in Caterpillar by 197.2% in the second quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $195,000 after buying an additional 1,708 shares during the last quarter. Telemus Capital LLC purchased a new position in Caterpillar during the second quarter worth about $202,000. Finally, Cypress Capital Group purchased a new position in Caterpillar during the first quarter worth about $207,000. 69.03% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Inc. (NYSE:CAT) traded up 0.62% during mid-day trading on Tuesday, reaching $82.88. 4,295,596 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $82.70 and a 200-day moving average price of $77.85. Caterpillar Inc. has a 1-year low of $56.36 and a 1-year high of $84.73. The stock has a market cap of $48.42 billion, a P/E ratio of 55.25 and a beta of 1.64.
Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, July 26th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.13. The company had revenue of $10.34 billion for the quarter, compared to analyst estimates of $10.06 billion. Caterpillar had a net margin of 2.64% and a return on equity of 12.37%. The company’s revenue for the quarter was down 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Equities research analysts anticipate that Caterpillar Inc. will post $3.50 EPS for the current fiscal year.
A number of research analysts have issued reports on the stock. Citigroup Inc. boosted their target price on shares of Caterpillar from $75.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday, August 3rd. Axiom Securities reaffirmed a “sell” rating on shares of Caterpillar in a research note on Tuesday, August 30th. Vetr raised shares of Caterpillar from a “strong sell” rating to a “sell” rating and set a $79.15 price target for the company in a research note on Wednesday, July 27th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and issued a $87.00 price target on shares of Caterpillar in a research note on Wednesday, July 13th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. Caterpillar presently has an average rating of “Hold” and an average price target of $72.49.
In other news, Director Dennis A. Muilenburg purchased 1,930 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were acquired at an average cost of $82.75 per share, for a total transaction of $159,707.50. Following the transaction, the director now directly owns 9,558 shares of the company’s stock, valued at approximately $790,924.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradley M. Halverson sold 2,841 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $82.73, for a total transaction of $235,035.93. Following the completion of the sale, the insider now owns 20,232 shares in the company, valued at $1,673,793.36. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.
Caterpillar Company Profile
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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