Moody National Bank Trust Division Has $1.99 Million Stock Position in Caterpillar Inc. $CAT

Moody National Bank Trust Division increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,116 shares of the industrial products company’s stock after purchasing an additional 39 shares during the period. Moody National Bank Trust Division’s holdings in Caterpillar were worth $1,986,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc lifted its holdings in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC bought a new position in shares of Caterpillar in the second quarter valued at approximately $32,000. Investment Management Corp VA ADV bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $33,000. Curat Global LLC bought a new position in shares of Caterpillar in the first quarter valued at approximately $33,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Caterpillar in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $467.63 on Friday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $467.71. The business has a 50-day simple moving average of $423.99 and a 200 day simple moving average of $368.16. 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 stock has a market cap of $219.08 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.74 and a beta of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) 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 firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the company posted $5.99 earnings per share. Caterpillar’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of recent research reports. DA Davidson raised their target price on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Evercore ISI upgraded Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target on the stock in a report on Tuesday, August 19th. Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Finally, Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. 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 stock. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus target price of $460.20.

Insider Buying and Selling at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $902,649.70. Following the completion of the transaction, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,653 shares of company stock valued at $8,943,642 in the last 90 days. Insiders own 0.33% of the company’s stock.

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.