Caterpillar Inc. (NYSE:CAT) Shares Sold by Canandaigua National Corp

Canandaigua National Corp decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 0.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,813 shares of the industrial products company’s stock after selling 138 shares during the quarter. Canandaigua National Corp’s holdings in Caterpillar were worth $4,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Los Angeles Capital Management LLC raised its holdings in Caterpillar by 0.4% in the fourth quarter. Los Angeles Capital Management LLC now owns 12,494 shares of the industrial products company’s stock worth $2,274,000 after purchasing an additional 47 shares during the period. WMS Partners LLC increased its position in shares of Caterpillar by 1.5% during the fourth quarter. WMS Partners LLC now owns 3,277 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 50 shares in the last quarter. MPS Loria Financial Planners LLC increased its position in shares of Caterpillar by 1.8% during the fourth quarter. MPS Loria Financial Planners LLC now owns 2,893 shares of the industrial products company’s stock worth $527,000 after acquiring an additional 52 shares in the last quarter. Front Row Advisors LLC increased its position in shares of Caterpillar by 12.7% during the third quarter. Front Row Advisors LLC now owns 488 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 55 shares in the last quarter. Finally, LifeSteps Financial Inc. increased its position in shares of Caterpillar by 4.0% during the fourth quarter. LifeSteps Financial Inc. now owns 1,543 shares of the industrial products company’s stock worth $281,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 67.48% of the company’s stock.

In other Caterpillar news, CAO Gary Michael Marvel sold 4,018 shares of Caterpillar stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of $190.76, for a total value of $766,473.68. Also, General Counsel Suzette M. Long sold 59,311 shares of Caterpillar stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $219.67, for a total transaction of $13,028,847.37. Following the completion of the sale, the general counsel now owns 33,320 shares of the company’s stock, valued at approximately $7,319,404.40. The disclosure for this sale can be found here. Insiders sold a total of 149,080 shares of company stock valued at $32,650,920 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Shares of NYSE CAT traded down $2.01 during mid-day trading on Thursday, reaching $228.40. 47,638 shares of the company were exchanged, compared to its average volume of 3,398,930. The company’s 50-day simple moving average is $222.41 and its 200-day simple moving average is $186.67. The company has a quick ratio of 1.08, a current ratio of 1.54 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $124.55 billion, a P/E ratio of 37.88, a P/E/G ratio of 2.14 and a beta of 0.97. Caterpillar Inc. has a twelve month low of $100.22 and a twelve month high of $237.78.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, January 28th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.63. The company had revenue of $11.24 billion during the quarter, compared to analysts’ expectations of $11.24 billion. Caterpillar had a net margin of 7.60% and a return on equity of 25.24%. Caterpillar’s quarterly revenue was down 14.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.63 EPS. As a group, equities research analysts expect that Caterpillar Inc. will post 5.44 EPS for the current year.

Several brokerages have recently issued reports on CAT. Citigroup increased their price objective on shares of Caterpillar from $205.00 to $245.00 in a research report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Caterpillar from $214.00 to $233.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of Caterpillar from $205.00 to $245.00 in a research report on Tuesday, March 16th. Morgan Stanley raised their target price on shares of Caterpillar from $154.00 to $158.00 and gave the company an “underweight” rating in a research report on Monday, February 1st. Finally, Vertical Research initiated coverage on shares of Caterpillar in a research report on Wednesday, January 20th. They issued a “buy” rating and a $230.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $182.05.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. Its Construction Industries segment offers asphalt pavers, compactors, cold planers, motorgraders, pipelayers, road reclaimers, telehandlers, and utility vehicles; backhoe, compact track, multi-terrain, skid steer, and track-type loaders; forestry and wheel excavators; and site prep and track-type tractors.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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