Northside Capital Management LLC Has $771,000 Stock Holdings in Caterpillar Inc. $CAT

Northside Capital Management LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 88.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,985 shares of the industrial products company’s stock after purchasing an additional 932 shares during the period. Northside Capital Management LLC’s holdings in Caterpillar were worth $771,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Compass Financial Services Inc boosted its position in 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 buying an additional 31 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar in the second quarter valued at approximately $32,000. Curat Global LLC acquired a new stake in Caterpillar in the first quarter valued at approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in Caterpillar in the first quarter valued at approximately $33,000. Finally, Mattson Financial Services LLC acquired a new stake in Caterpillar in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total value of $7,941,849.90. Following the completion of the sale, the chairman directly owned 465,339 shares of the company’s stock, valued at approximately $215,289,088.35. The trade was a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the director directly owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,819 shares of company stock valued at $16,885,492. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $471.77 on Wednesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34. The firm has a fifty day simple moving average of $427.87 and a 200 day simple moving average of $371.09. The company has a market capitalization of $221.02 billion, a PE ratio of 24.00, a P/E/G ratio of 2.87 and a beta of 1.41. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last announced its 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 return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. During the same period in the prior year, the business earned $5.99 EPS. Caterpillar’s quarterly revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a research report on Tuesday, August 19th. Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a $500.00 price target on shares of Caterpillar in a research note on Friday, August 29th. Finally, Robert W. Baird raised their price target on shares of Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $464.33.

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.