Caterpillar Inc. $CAT Shares Sold by G&S Capital LLC

G&S Capital LLC cut its position in Caterpillar Inc. (NYSE:CAT) by 0.6% during the second quarter, Holdings Channel reports. The firm owned 7,249 shares of the industrial products company’s stock after selling 44 shares during the period. G&S Capital LLC’s holdings in Caterpillar were worth $2,814,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sterling Investment Advisors Ltd. grew its holdings in Caterpillar by 5.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,950 shares of the industrial products company’s stock worth $757,000 after acquiring an additional 105 shares during the period. Spartan Planning & Wealth Management acquired a new stake in Caterpillar during the second quarter worth about $346,000. Kavar Capital Partners Group LLC grew its holdings in Caterpillar by 1.6% during the second quarter. Kavar Capital Partners Group LLC now owns 23,220 shares of the industrial products company’s stock worth $9,014,000 after acquiring an additional 355 shares during the period. Venture Visionary Partners LLC grew its holdings in Caterpillar by 1.3% during the second quarter. Venture Visionary Partners LLC now owns 31,297 shares of the industrial products company’s stock worth $12,150,000 after acquiring an additional 409 shares during the period. Finally, Smith Anglin Financial LLC grew its holdings in Caterpillar by 1.7% during the second quarter. Smith Anglin Financial LLC now owns 2,142 shares of the industrial products company’s stock worth $832,000 after acquiring an additional 36 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar 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 owned 6,917 shares in the company, valued at $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 have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $471.68 on Tuesday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $485.34. The company has a market cap 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 company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The business’s 50 day moving average price is $432.21 and its 200 day moving average price is $374.91.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the business posted $5.99 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analyst Weigh In

CAT has been the topic of several analyst reports. Oppenheimer raised their target price on Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Truist Financial increased their price target on Caterpillar from $414.00 to $507.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Finally, Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target on the stock in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $466.53.

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.