Capital Advisors Inc. OK Sells 466 Shares of Caterpillar Inc. $CAT

Capital Advisors Inc. OK lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 12.7% during the second quarter, Holdings Channel reports. The fund owned 3,209 shares of the industrial products company’s stock after selling 466 shares during the period. Capital Advisors Inc. OK’s holdings in Caterpillar were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CAT. Pacific Point Advisors LLC bought a new stake in Caterpillar in the 4th quarter valued at $579,000. Brighton Jones LLC raised its stake in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after acquiring an additional 2,519 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Caterpillar by 5.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,460 shares of the industrial products company’s stock valued at $482,000 after acquiring an additional 81 shares during the period. Independence Bank of Kentucky grew its holdings in Caterpillar by 2.0% in the 1st quarter. Independence Bank of Kentucky now owns 2,172 shares of the industrial products company’s stock valued at $716,000 after buying an additional 42 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in Caterpillar by 5.4% in the 1st quarter. Sivia Capital Partners LLC now owns 1,151 shares of the industrial products company’s stock valued at $380,000 after buying an additional 59 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price objective on Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Oppenheimer upped their price objective on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Truist Financial upped their price objective on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Caterpillar in a report on Friday, August 29th. Finally, DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $466.53.

Caterpillar Stock Performance

NYSE CAT opened at $498.48 on Monday. 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 $233.53 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 3.03 and a beta of 1.46. The firm’s 50 day simple moving average is $436.99 and its 200 day simple moving average is $379.06. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $504.48.

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

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction dated 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 $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock valued at $16,885,492 over the last ninety days. 0.33% of the stock is owned by corporate insiders.

Caterpillar Company 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.