Caterpillar Inc. $CAT Shares Acquired by Greenfield Savings Bank

Greenfield Savings Bank raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,717 shares of the industrial products company’s stock after acquiring an additional 71 shares during the quarter. Caterpillar makes up 1.2% of Greenfield Savings Bank’s investment portfolio, making the stock its 21st biggest holding. Greenfield Savings Bank’s holdings in Caterpillar were worth $2,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Caterpillar by 9.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock worth $26,037,000 after acquiring an additional 7,125 shares in the last quarter. Victrix Investment Advisors acquired a new position in shares of Caterpillar during the 4th quarter worth about $2,090,000. Charles Schwab Investment Management Inc. boosted its position in shares of Caterpillar by 0.5% in the 1st 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 purchasing an additional 15,347 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Caterpillar in the 1st quarter valued at about $427,000. Finally, Pacific Point Advisors LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $579,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CAT shares. Jefferies Financial Group reissued a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. DA Davidson upped their target price on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Bank of America upped their target price on Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Oppenheimer decreased their target price on Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, Barclays upped their target price on Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus price target of $457.20.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the transaction, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,653 shares of company stock valued at $8,943,642. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 0.1%

CAT opened at $431.10 on Friday. The business has a 50 day moving average price of $420.04 and a two-hundred day moving average price of $365.32. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The company has a market cap of $201.96 billion, a PE ratio of 21.93, a P/E/G ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15.

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

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.