Caterpillar Inc. $CAT Shares Sold by JSF Financial LLC

JSF Financial LLC lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 4.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 880 shares of the industrial products company’s stock after selling 45 shares during the quarter. JSF Financial LLC’s holdings in Caterpillar were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth approximately $32,000. Compass Financial Services Inc raised its stake in Caterpillar by 49.2% during the 1st 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 in the last quarter. Curat Global LLC acquired a new stake in Caterpillar during the 1st quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new position in shares of Caterpillar during the first quarter worth about $33,000. Finally, Maseco LLP purchased a new position in shares of Caterpillar during the second quarter worth about $45,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

NYSE:CAT opened at $498.48 on Friday. The firm’s fifty day moving average price is $436.99 and its 200 day moving average price is $378.76. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $504.48. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a market cap of $233.53 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46.

Caterpillar (NYSE:CAT) last released its earnings results 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 firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the business posted $5.99 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Truist Financial boosted their price objective on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Bank of America lifted their target price on shares of Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Barclays raised their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $466.53.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 in the company, 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 90 days, insiders have sold 38,819 shares of company stock worth $16,885,492. Company insiders own 0.33% of the company’s stock.

Caterpillar Company 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.