Caterpillar Inc. $CAT Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 29.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 757 shares of the industrial products company’s stock after selling 313 shares during the period. Arlington Trust Co LLC’s holdings in Caterpillar were worth $294,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC lifted its position in Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $410,000. Toronto Dominion Bank lifted its position in Caterpillar by 24.1% in the fourth quarter. Toronto Dominion Bank now owns 205,366 shares of the industrial products company’s stock valued at $74,498,000 after purchasing an additional 39,893 shares during the period. Finally, Tema Etfs LLC acquired a new stake in Caterpillar in the fourth quarter valued at about $4,835,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CAT shares. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Truist Financial increased their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Bank of America increased their target price on shares of Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $457.20.

Insiders Place Their Bets

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. 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. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.1%

Shares of CAT opened at $431.10 on Monday. 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 50 day simple moving average of $420.04 and a 200-day simple moving average of $365.49. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The stock has a market cap of $201.96 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same period last year, the business earned $5.99 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.