Physicians Financial Services Inc. Cuts Stake in Caterpillar, Inc. (CAT)

Physicians Financial Services Inc. reduced its position in Caterpillar, Inc. (NYSE:CAT) by 0.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,161 shares of the industrial products company’s stock after selling 20 shares during the quarter. Caterpillar accounts for about 1.3% of Physicians Financial Services Inc.’s holdings, making the stock its 26th largest holding. Physicians Financial Services Inc.’s holdings in Caterpillar were worth $1,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Ellis Asset Management LLC purchased a new stake in Caterpillar during the 2nd quarter valued at about $104,000. Harbour Capital Advisors LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $107,000. First Personal Financial Services boosted its holdings in Caterpillar by 167.4% during the 1st quarter. First Personal Financial Services now owns 1,198 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 750 shares during the period. Harfst & Associates Inc. purchased a new stake in Caterpillar during the 1st quarter valued at about $111,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Caterpillar by 75.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 1,152 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 496 shares during the period. Hedge funds and other institutional investors own 69.24% of the company’s stock.

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CAT has been the subject of several analyst reports. BidaskClub upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Seaport Global Securities initiated coverage on Caterpillar in a report on Wednesday, September 6th. They set a “neutral” rating and a $120.00 target price for the company. Axiom Securities restated a “sell” rating on shares of Caterpillar in a report on Tuesday, June 6th. Wells Fargo & Company restated an “outperform” rating on shares of Caterpillar in a report on Wednesday, July 26th. Finally, Vetr cut Caterpillar from a “buy” rating to a “hold” rating and set a $120.03 target price for the company. in a report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $113.55.

In related news, insider Suzette M. Long sold 13,859 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $114.30, for a total value of $1,584,083.70. Following the completion of the transaction, the insider now owns 18,188 shares of the company’s stock, valued at $2,078,888.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William A. Osborn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $113.67, for a total transaction of $568,350.00. The disclosure for this sale can be found here. Insiders sold 201,471 shares of company stock valued at $22,979,332 in the last three months. 0.15% of the stock is currently owned by insiders.

Caterpillar, Inc. (NYSE CAT) opened at 123.83 on Tuesday. The company has a market cap of $73.18 billion, a price-to-earnings ratio of 691.79 and a beta of 1.24. The company’s 50-day moving average price is $116.02 and its 200-day moving average price is $104.99. Caterpillar, Inc. has a 52-week low of $80.33 and a 52-week high of $124.43.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.23. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $10.96 billion. Caterpillar had a net margin of 0.27% and a return on equity of 18.52%. Caterpillar’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Equities research analysts expect that Caterpillar, Inc. will post $5.24 EPS for the current fiscal year.

Caterpillar Company Profile

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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