Caterpillar Inc. (NYSE:CAT) Position Lifted by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% during the second quarter, HoldingsChannel reports. The fund owned 40,393 shares of the industrial products company’s stock after acquiring an additional 310 shares during the quarter. Caterpillar comprises approximately 1.8% of Stillwater Capital Advisors LLC’s holdings, making the stock its 26th largest position. Stillwater Capital Advisors LLC’s holdings in Caterpillar were worth $9,939,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Premier Asset Management LLC increased its holdings in shares of Caterpillar by 3.1% in the 4th quarter. Premier Asset Management LLC now owns 1,418 shares of the industrial products company’s stock worth $340,000 after acquiring an additional 43 shares during the period. Enterprise Financial Services Corp increased its stake in Caterpillar by 3.2% during the 4th quarter. Enterprise Financial Services Corp now owns 1,397 shares of the industrial products company’s stock valued at $335,000 after buying an additional 43 shares during the period. Rise Advisors LLC increased its stake in Caterpillar by 5.4% during the 2nd quarter. Rise Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $205,000 after buying an additional 43 shares during the period. Private Ocean LLC increased its stake in Caterpillar by 30.9% during the 1st quarter. Private Ocean LLC now owns 195 shares of the industrial products company’s stock valued at $45,000 after buying an additional 46 shares during the period. Finally, Asset Management Group Inc. increased its stake in Caterpillar by 0.4% during the 4th quarter. Asset Management Group Inc. now owns 10,734 shares of the industrial products company’s stock valued at $2,572,000 after buying an additional 47 shares during the period. 69.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Cheryl H. Johnson sold 6,415 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $260.00, for a total transaction of $1,667,900.00. Following the transaction, the insider now owns 16,362 shares of the company’s stock, valued at $4,254,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Anthony D. Fassino sold 2,923 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the transaction, the insider now owns 16,182 shares of the company’s stock, valued at $4,514,778. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cheryl H. Johnson sold 6,415 shares of Caterpillar stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $260.00, for a total transaction of $1,667,900.00. Following the sale, the insider now owns 16,362 shares in the company, valued at approximately $4,254,120. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,918 shares of company stock valued at $15,299,870. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 0.8 %

NYSE:CAT opened at $283.12 on Tuesday. Caterpillar Inc. has a 12 month low of $160.60 and a 12 month high of $293.88. The firm has a market cap of $144.42 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.17 and a beta of 1.13. The company has a quick ratio of 0.83, a current ratio of 1.33 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average is $273.63 and its 200-day moving average is $242.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results 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 net margin of 12.91% and a return on equity of 55.93%. The company had revenue of $17.30 billion for the quarter, compared to analyst estimates of $16.46 billion. During the same quarter last year, the firm posted $3.18 earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts anticipate that Caterpillar Inc. will post 19.82 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CAT. Credit Suisse Group lifted their price objective on shares of Caterpillar from $279.00 to $334.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. The Goldman Sachs Group raised their target price on shares of Caterpillar from $274.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Tigress Financial raised their target price on shares of Caterpillar from $266.00 to $282.00 in a report on Wednesday, May 31st. StockNews.com cut shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. Finally, Barclays raised their price target on shares of Caterpillar from $225.00 to $250.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $267.00.

Caterpillar Profile

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.