Caterpillar Inc. (NYSE:CAT) Shares Sold by Coastline Trust Co

Coastline Trust Co decreased its stake in Caterpillar Inc. (NYSE:CAT) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,483 shares of the industrial products company’s stock after selling 115 shares during the period. Coastline Trust Co’s holdings in Caterpillar were worth $1,484,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Horan Securities Inc. boosted its holdings in shares of Caterpillar by 678.6% in the 1st quarter. Horan Securities Inc. now owns 109 shares of the industrial products company’s stock valued at $25,000 after buying an additional 95 shares in the last quarter. Atlas Capital Advisors LLC boosted its holdings in shares of Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after buying an additional 79 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Caterpillar by 730.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 95 shares during the period. TFC Financial Management Inc. boosted its stake in Caterpillar by 470.8% during the 1st quarter. TFC Financial Management Inc. now owns 137 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 113 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in Caterpillar during the 1st quarter worth $32,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $275.00, for a total transaction of $5,500,000.00. Following the sale, the insider now directly owns 53,671 shares of the company’s stock, valued at approximately $14,759,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Lange Bob De sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $275.00, for a total value of $5,500,000.00. Following the sale, the insider now directly owns 53,671 shares of the company’s stock, valued at $14,759,525. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 2,923 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the sale, the insider now directly owns 16,182 shares in the company, valued at $4,514,778. The disclosure for this sale can be found here. Insiders have sold 54,918 shares of company stock valued at $15,299,870 in the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

NYSE CAT traded down $3.10 during trading hours on Wednesday, reaching $278.71. The company’s stock had a trading volume of 632,472 shares, compared to its average volume of 3,071,427. Caterpillar Inc. has a fifty-two week low of $160.60 and a fifty-two week high of $293.88. The stock has a market cap of $142.17 billion, a PE ratio of 17.54, a PEG ratio of 1.18 and a beta of 1.13. The company’s 50-day moving average is $270.84 and its two-hundred day moving average is $241.52. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.33.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.57 by $0.98. Caterpillar had a net margin of 12.91% and a return on equity of 55.93%. The company had revenue of $17.30 billion for the quarter, compared to analysts’ expectations of $16.46 billion. During the same period last year, the company earned $3.18 EPS. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. Analysts forecast that Caterpillar Inc. will post 19.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CAT shares. Robert W. Baird increased their price target on shares of Caterpillar from $183.00 to $234.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 2nd. TD Cowen increased their price target on shares of Caterpillar from $287.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $275.00 to $315.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Bank of America upped their price objective on shares of Caterpillar from $283.00 to $323.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Finally, DA Davidson started coverage on shares of Caterpillar in a research report on Wednesday, June 21st. They set a “neutral” rating and a $263.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $267.00.

Caterpillar Company Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.