Trust Co. of Vermont lowered its stake in Caterpillar Inc. (NYSE:CAT) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,622 shares of the industrial products company’s stock after selling 192 shares during the quarter. Trust Co. of Vermont’s holdings in Caterpillar were worth $1,993,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Paragon Capital Management LLC bought a new stake in Caterpillar in the first quarter worth about $40,000. Legacy Advisors LLC bought a new stake in Caterpillar in the first quarter worth about $47,000. Sound Income Strategies LLC raised its position in Caterpillar by 23.5% in the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 72 shares in the last quarter. Exane Derivatives bought a new stake in Caterpillar in the second quarter worth about $54,000. Finally, JNBA Financial Advisors raised its position in Caterpillar by 33.3% in the second quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 100 shares in the last quarter. 65.80% of the stock is owned by institutional investors and hedge funds.
NYSE CAT traded down $2.97 on Wednesday, hitting $119.11. 2,458,412 shares of the company were exchanged, compared to its average volume of 4,410,349. The company’s 50 day moving average price is $133.65. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 1.66. The company has a market cap of $71.22 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.88 and a beta of 1.52. Caterpillar Inc. has a twelve month low of $112.06 and a twelve month high of $159.37.
Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.12 by ($0.29). The company had revenue of $14.43 billion for the quarter, compared to analyst estimates of $14.47 billion. Caterpillar had a return on equity of 43.35% and a net margin of 11.26%. Caterpillar’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.97 EPS. Equities research analysts expect that Caterpillar Inc. will post 11.73 earnings per share for the current fiscal year.
Several equities research analysts have commented on the stock. Goldman Sachs Group reiterated a “buy” rating and issued a $156.00 price target on shares of Caterpillar in a research report on Thursday, July 25th. Morgan Stanley dropped their price target on shares of Caterpillar from $165.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird dropped their price target on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Standpoint Research upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Finally, Buckingham Research cut shares of Caterpillar from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $162.00 to $140.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $144.23.
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.
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