Patton Albertson Miller Group LLC Has $2.05 Million Stock Position in Caterpillar Inc. $CAT

Patton Albertson Miller Group LLC lowered its stake in Caterpillar Inc. (NYSE:CAT) by 1.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,289 shares of the industrial products company’s stock after selling 58 shares during the period. Patton Albertson Miller Group LLC’s holdings in Caterpillar were worth $2,053,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Financial Services Inc grew its stake in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar during the 2nd quarter worth approximately $32,000. Curat Global LLC acquired a new position in shares of Caterpillar during the 1st quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 1st quarter worth approximately $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in shares of Caterpillar during the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $466.06 on Friday. The company has a fifty day moving average price of $430.98 and a 200-day moving average price of $373.71. The company has a market capitalization of $218.34 billion, a P/E ratio of 23.71, a PEG ratio of 2.83 and a beta of 1.41. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $485.34. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the company earned $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CAT. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Robert W. Baird increased their price target on shares of Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Oppenheimer reduced their price target on shares of Caterpillar from $493.00 to $480.00 and set an “outperform” rating on the stock in a research report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research report on Tuesday. Finally, Barclays increased their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $464.33.

Insider Transactions at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the sale, the chairman owned 465,339 shares of the company’s stock, valued at $215,289,088.35. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock worth $16,885,492 over the last three months. 0.33% of the stock is owned by company insiders.

Caterpillar Profile

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.