Teamwork Financial Advisors LLC Sells 4,342 Shares of Caterpillar Inc. $CAT

Key Points

• Teamwork Financial Advisors LLC reduced its stake in Caterpillar Inc. by 35.8% in Q2, selling 4,342 shares to end with a total of 7,781 shares valued at approximately $3.02 million.
• Institutional investors collectively own 70.98% of Caterpillar's stock, with several funds, including Compass Financial Services, increasing their positions in the company.
• Analysts have given Caterpillar a consensus rating of "Moderate Buy", with price objectives ranging from $457.20 to $500.00, despite the company missing EPS estimates in its latest earnings report.

Teamwork Financial Advisors LLC decreased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 35.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,781 shares of the industrial products company's stock after selling 4,342 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Caterpillar were worth $3,021,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc boosted its position 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 worth $31,000 after acquiring an additional 31 shares during the last quarter. Investment Management Corp VA ADV bought a new position in shares of Caterpillar during the fourth quarter worth $33,000. Curat Global LLC bought a new position in shares of Caterpillar during the first quarter worth $33,000. Redmont Wealth Advisors LLC bought a new position in shares of Caterpillar during the first quarter worth $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Caterpillar during the fourth quarter worth $36,000. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar 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 sale, the director owned 6,917 shares of the company's stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CAT shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Citigroup increased their price objective on shares of Caterpillar from $460.00 to $500.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI upgraded 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. Melius Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Finally, Oppenheimer lowered their price objective on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating for the company in a research report on Friday, August 29th. Two equities research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $457.20.

Caterpillar Price Performance

Caterpillar stock opened at $431.10 on Friday. The firm has a 50-day moving average price of $420.04 and a 200-day moving average price of $365.32. The firm has a market capitalization of $201.96 billion, a PE ratio of 21.93, 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 Inc. has a 12-month low of $267.30 and a 12-month high of $441.15.

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 (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $5.99 EPS. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current 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.

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