Curi RMB Capital LLC Sells 2,766 Shares of Caterpillar Inc. $CAT

Key Points

• Curi RMB Capital LLC has reduced its stake in Caterpillar Inc. by **57.6%**, now holding 2,038 shares valued at approximately **$672,000**.
• Several institutional investors, including **Brighton Jones LLC** and **Schonfeld Strategic Advisors LLC**, have increased their holdings in Caterpillar, highlighting a positive investor sentiment.
• Caterpillar's latest earnings report revealed an EPS of **$4.72**, which missed analyst expectations, despite a revenue of **$16.57 billion**, indicating mixed financial performance.

Curi RMB Capital LLC reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 57.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,038 shares of the industrial products company's stock after selling 2,766 shares during the period. Curi RMB Capital LLC's holdings in Caterpillar were worth $672,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $33,000. Curat Global LLC bought a new position in Caterpillar in the first quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new position in Caterpillar during the first quarter valued at $33,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Caterpillar during the 4th quarter valued at $36,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Caterpillar in the 4th quarter worth about $39,000. 70.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and lifted their price target for the company from $272.00 to $357.00 in a research report on Friday, May 16th. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Barclays upped their price target on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a research note on Tuesday, August 19th. Finally, DA Davidson increased their target price on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $457.20.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction that occurred on 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 SEC, which is accessible through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the sale, the chairman owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,653 shares of company stock worth $8,943,642 over the last three months. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

Shares of NYSE:CAT traded up $8.71 during midday trading on Thursday, reaching $431.62. 2,737,694 shares of the company's stock traded hands, compared to its average volume of 2,446,142. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a one year low of $267.30 and a one year high of $441.15. The company has a market cap of $202.21 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.57 and a beta of 1.41. The stock has a 50 day moving average of $419.41 and a 200 day moving average of $364.55.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS 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 during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the previous year, the business posted $5.99 earnings per share. Caterpillar's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar 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.