Silver Oak Securities Incorporated Sells 1,207 Shares of Caterpillar Inc. $CAT

Key Points

• Silver Oak Securities Incorporated reduced its stake in Caterpillar Inc. by 5.1% during Q2, now holding 22,341 shares worth approximately $8.67 million.
• Caterpillar reported earnings per share of $4.72 for the last quarter, missing estimates, with revenue of $16.57 billion, beating forecasts of $16.14 billion.
• Analysts have upgraded Caterpillar’s stock ratings, with targets set as high as $507.00, reflecting expectations for strong future performance.

Silver Oak Securities Incorporated reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,341 shares of the industrial products company's stock after selling 1,207 shares during the period. Caterpillar accounts for about 0.7% of Silver Oak Securities Incorporated's investment portfolio, making the stock its 29th biggest holding. Silver Oak Securities Incorporated's holdings in Caterpillar were worth $8,673,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Caterpillar by 2.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company's stock worth $472,000 after buying an additional 29 shares in the last quarter. Allen Wealth Management LLC grew its holdings in Caterpillar by 0.8% in the 1st quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company's stock worth $1,322,000 after buying an additional 30 shares in the last quarter. Warwick Investment Management Inc. grew its holdings in Caterpillar by 2.6% in the 1st quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company's stock worth $385,000 after buying an additional 30 shares in the last quarter. Compass Financial Services Inc grew its holdings in Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock worth $31,000 after buying an additional 31 shares in the last quarter. Finally, Summit X LLC grew its holdings in Caterpillar by 3.2% in the 1st quarter. Summit X LLC now owns 1,025 shares of the industrial products company's stock worth $338,000 after buying an additional 32 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Down 0.1%

Shares of CAT stock traded down $0.59 on Tuesday, reaching $471.51. 2,661,260 shares of the company's stock traded hands, compared to its average volume of 2,760,104. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $485.34. 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 company has a market capitalization of $220.89 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. The business's 50 day moving average price is $426.53 and its two-hundred day moving average price is $370.38.

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

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction 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 directly owned 482,505 shares in the company, valued at $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,653 shares of company stock valued at $8,943,642 over the last three months. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a research report on Tuesday, August 19th. Robert W. Baird upped their target price on Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Barclays upped their target price on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Bank of America upped their target price on Caterpillar from $495.00 to $517.00 and gave the stock a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $464.33.

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.