Farmers Trust Co. Has $1.65 Million Stock Position in Caterpillar Inc. $CAT

Farmers Trust Co. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,241 shares of the industrial products company’s stock after selling 335 shares during the period. Farmers Trust Co.’s holdings in Caterpillar were worth $1,646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Financial Services Inc grew its position in Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $32,000. Curat Global LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $33,000. Redmont Wealth Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter valued at about $33,000. Finally, Mattson Financial Services LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $39,000. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,653 shares of company stock worth $8,943,642 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $500.00 price target on shares of Caterpillar in a research report on Friday, August 29th. Evercore ISI raised Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a research note on Tuesday, August 19th. Robert W. Baird boosted their price objective on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Finally, Oppenheimer dropped their price target on Caterpillar from $493.00 to $480.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Two equities research 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 presently has an average rating of “Moderate Buy” and an average price target of $462.87.

Caterpillar Trading Up 1.2%

NYSE CAT opened at $471.97 on Tuesday. The stock’s 50-day simple moving average is $426.53 and its two-hundred day simple moving average is $370.38. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $473.24. 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 capitalization of $221.11 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 2.84 and a beta of 1.41.

Caterpillar (NYSE:CAT) last released its quarterly earnings results 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 net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the business earned $5.99 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar 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.