Caterpillar Inc. $CAT Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG reduced its holdings in Caterpillar Inc. by 1.3%, selling 838 shares in the second quarter, now owning a total of 66,117 shares valued at approximately $25.67 million.
• Insider transactions include significant sales by Jason Kaiser and Donald J. Umpleby III, with Kaiser's sale of 2,161 shares resulting in a 20.02% decrease in his position.
• Caterpillar's recent earnings report revealed $4.72 EPS, falling short of analysts' expectations by $0.16, alongside a revenue of $16.57 billion, which was higher than forecasted.

J. Safra Sarasin Holding AG reduced its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,117 shares of the industrial products company's stock after selling 838 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Caterpillar were worth $25,667,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Compass Financial Services Inc boosted 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 acquiring an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar in the second quarter valued at $32,000. Curat Global LLC purchased a new stake in Caterpillar in the 1st quarter valued at approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in Caterpillar during the 1st quarter valued at $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in shares of Caterpillar in the first quarter worth $45,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction dated 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 transaction, the chairman directly owned 465,339 shares in the company, valued at $215,289,088.35. The trade was a 3.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,819 shares of company stock valued at $16,885,492. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. DA Davidson boosted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Truist Financial increased their price objective on shares of Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus price target of $466.53.

Caterpillar Stock Performance

NYSE:CAT opened at $480.99 on Thursday. The stock has a market cap of $225.33 billion, a P/E ratio of 24.47, a PEG ratio of 2.90 and a beta of 1.46. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $485.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a 50-day moving average of $434.48 and a two-hundred day moving average of $376.35.

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

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.

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