Northside Capital Management LLC Has $771,000 Holdings in Caterpillar Inc. $CAT

Key Points

• Northside Capital Management LLC increased its holdings in Caterpillar Inc. by 88.5% in the second quarter, owning 1,985 shares now valued at $771,000.
• Caterpillar's stock recently opened at $471.77, with a fifty-two week high of $485.34 and a market capitalization of $221.02 billion.
• The company's earnings report revealed a miss on EPS estimates, reporting $4.72 per share, falling short of the expected $4.88, while revenue was $16.57 billion, above estimates.

Northside Capital Management LLC lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 88.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,985 shares of the industrial products company's stock after buying an additional 932 shares during the quarter. Northside Capital Management LLC's holdings in Caterpillar were worth $771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CAT. Compass Financial Services Inc grew its stake in shares of Caterpillar by 49.2% in 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 in the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Caterpillar in the second quarter valued at $32,000. Curat Global LLC bought a new position in shares of Caterpillar in the first quarter valued at $33,000. Redmont Wealth Advisors LLC bought a new position in shares of Caterpillar in the first quarter valued at $33,000. Finally, Mattson Financial Services LLC bought a new position in shares of Caterpillar in the fourth quarter valued at $39,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 0.1%

CAT opened at $471.77 on Wednesday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week 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 $221.02 billion, a P/E ratio of 24.00, a P/E/G ratio of 2.87 and a beta of 1.41. The stock has a fifty day moving average of $427.87 and a 200-day moving average of $371.09.

Caterpillar (NYSE:CAT - Get Free Report) last posted its 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 return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period in the prior year, the business posted $5.99 EPS. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CAT shares. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Truist Financial lifted 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. Evercore ISI raised shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a research report on Tuesday, August 19th. DA Davidson lifted their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $464.33.

Insider Buying and Selling at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company's stock in a transaction that occurred 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 sale, the chairman directly owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock valued at $16,885,492 in the last ninety days. 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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