Capital Investment Advisors LLC Sells 52 Shares of Caterpillar Inc. $CAT

Capital Investment Advisors LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.1% during the second quarter, HoldingsChannel reports. The firm owned 38,026 shares of the industrial products company’s stock after selling 52 shares during the quarter. Capital Investment Advisors LLC’s holdings in Caterpillar were worth $14,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc raised its stake in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the period. Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $32,000. Curat Global LLC bought a new stake in shares of Caterpillar during the 1st quarter worth $33,000. Redmont Wealth Advisors LLC bought a new stake in Caterpillar in the 1st quarter valued at about $33,000. Finally, Fiduciary Wealth Partners LLC bought a new stake in Caterpillar in the 1st quarter valued at about $45,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer boosted their price objective on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research note on Monday. Robert W. Baird boosted their price objective on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Citigroup restated a “buy” rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a research note on Tuesday, August 19th. Finally, DA Davidson boosted their price objective on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus price target of $466.53.

Caterpillar Stock Up 1.3%

Shares of NYSE CAT opened at $471.68 on Tuesday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $485.34. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $220.97 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.83 and a beta of 1.41. The business has a 50-day moving average of $432.21 and a 200-day moving average of $374.91.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS 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 business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same period in the previous year, the firm posted $5.99 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was 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 of the company’s stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by corporate 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.