American National Bank & Trust increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,734 shares of the industrial products company's stock after purchasing an additional 560 shares during the quarter. American National Bank & Trust's holdings in Caterpillar were worth $10,378,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Compass Financial Services Inc raised its holdings in shares of Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Caterpillar in the second quarter worth about $32,000. Curat Global LLC bought a new stake in Caterpillar during the first quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 1st quarter worth $33,000. Finally, Mattson Financial Services LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $39,000. 70.98% of the stock is owned by institutional investors.
Insider Buying and Selling at Caterpillar
In other news, Director Susan C. Schwab sold 2,324 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares of the company's stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $462.65, for a total value of $7,941,849.90. Following the sale, the chairman directly owned 465,339 shares in the company, valued at approximately $215,289,088.35. This trade represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock valued at $16,885,492 in the last ninety days. Company insiders own 0.33% of the company's stock.
Wall Street Analysts Forecast Growth
CAT has been the subject of a number of recent analyst reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Citigroup reiterated a "buy" rating on shares of Caterpillar in a research report on Tuesday. Barclays boosted their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Bank of America increased their price objective on Caterpillar from $495.00 to $517.00 and gave the stock a "buy" rating in a report on Monday. Finally, DA Davidson raised their price target on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Two investment 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $464.33.
View Our Latest Research Report on CAT
Caterpillar Trading Down 1.3%
Shares of NYSE:CAT opened at $463.76 on Friday. 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 stock's 50-day moving average is $429.93 and its 200-day moving average is $372.59. The company has a market cap of $217.26 billion, a P/E ratio of 23.59, a P/E/G ratio of 2.86 and a beta of 1.41. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $485.34.
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 for the quarter, missing the consensus estimate 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 the consensus estimate of $16.14 billion. During the same quarter in the previous year, the company earned $5.99 EPS. Caterpillar's revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.
About Caterpillar
(
Free Report)
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.
Further Reading
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