Caterpillar Inc. $CAT Shares Sold by Hengehold Capital Management LLC

Hengehold Capital Management LLC decreased its position in Caterpillar Inc. (NYSE:CAT) by 2.5% in the second quarter, HoldingsChannel reports. The firm owned 1,092 shares of the industrial products company’s stock after selling 28 shares during the period. Hengehold Capital Management LLC’s holdings in Caterpillar were worth $424,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Caterpillar by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock worth $26,037,000 after purchasing an additional 7,125 shares during the period. Ransom Advisory Ltd purchased a new stake in Caterpillar in the first quarter valued at about $427,000. Charles Schwab Investment Management Inc. lifted its position in shares of Caterpillar by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock valued at $1,089,798,000 after acquiring an additional 15,347 shares in the last quarter. Heartwood Wealth Advisors LLC grew its stake in shares of Caterpillar by 4.2% in the second quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company’s stock valued at $1,155,000 after buying an additional 121 shares in the last quarter. Finally, Fiduciary Financial Group LLC increased its position in Caterpillar by 81.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 857 shares during the period. 70.98% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares of the company’s stock, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the business’s 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. This trade represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

CAT opened at $466.06 on Friday. The company has a fifty day moving average price of $430.98 and a two-hundred day moving average price of $373.71. 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 52 week low of $267.30 and a 52 week high of $485.34. The firm has a market capitalization of $218.34 billion, a PE ratio of 23.71, a P/E/G ratio of 2.83 and a beta of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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). The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.99 earnings per share. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CAT. JPMorgan Chase & Co. upped their target price on Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Finally, Oppenheimer dropped their target price on Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Two investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $464.33.

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.