Caterpillar Inc. $CAT Shares Sold by Little House Capital LLC

Key Points

• Little House Capital LLC has reduced its stake in Caterpillar Inc. by 18.9%, now holding 6,272 shares valued at approximately $2.43 million.
• Several institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., have adjusted their positions, with some increasing their holdings by nearly 10%.
• Caterpillar reported earnings of $4.72 per share, missing estimates, with a quarterly revenue of $16.57 billion, which was above expectations.

Little House Capital LLC lowered its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,272 shares of the industrial products company's stock after selling 1,459 shares during the period. Little House Capital LLC's holdings in Caterpillar were worth $2,435,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Caterpillar by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock valued at $26,037,000 after purchasing an additional 7,125 shares during the period. Victrix Investment Advisors purchased a new position in Caterpillar in the fourth quarter worth $2,090,000. Charles Schwab Investment Management Inc. raised its position in Caterpillar by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock worth $1,089,798,000 after acquiring an additional 15,347 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Caterpillar in the first quarter worth $427,000. Finally, Heartwood Wealth Advisors LLC raised its position in Caterpillar by 4.2% in the second quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company's stock worth $1,155,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Ratings Changes

CAT has been the subject of several research analyst reports. DA Davidson increased their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Barclays increased their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Citigroup increased their price objective on Caterpillar from $460.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Two investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $457.20.

Caterpillar Stock Performance

NYSE CAT opened at $435.62 on Tuesday. The business's 50-day moving average price is $420.93 and its 200 day moving average price is $366.13. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $441.15. The company has a market capitalization of $204.08 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results 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 business had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $16.14 billion. During the same quarter last year, the company posted $5.99 earnings per share. 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 earnings per share for the current year.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,653 shares of company stock worth $8,943,642 in the last three months. 0.33% of the stock is currently owned by company insiders.

About Caterpillar

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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