Caterpillar Inc. $CAT Shares Sold by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC cut its stake in Caterpillar Inc. (NYSE:CAT) by 50.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,420 shares of the industrial products company’s stock after selling 11,491 shares during the period. Ameritas Advisory Services LLC’s holdings in Caterpillar were worth $4,433,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Caterpillar by 11.2% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock valued at $5,557,000 after acquiring an additional 1,440 shares in the last quarter. Exchange Capital Management Inc. raised its holdings in shares of Caterpillar by 7.8% during the second quarter. Exchange Capital Management Inc. now owns 1,011 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 73 shares during the period. Crews Bank & Trust increased its holdings in shares of Caterpillar by 16.0% in the 2nd quarter. Crews Bank & Trust now owns 1,176 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 162 shares during the period. Hilltop National Bank acquired a new stake in shares of Caterpillar in the 2nd quarter worth about $1,219,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of Caterpillar in the 2nd quarter worth about $209,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

NYSE:CAT opened at $490.88 on Friday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $495.98. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average of $435.71 and a 200-day moving average of $377.37. The firm has a market cap of $229.97 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.92 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAT shares. Robert W. Baird increased their price objective on shares of Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. DA Davidson increased their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. 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 research report on Wednesday, August 6th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $466.53.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction dated 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 represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the sale, the chairman directly owned 465,339 shares of the company’s stock, valued at $215,289,088.35. This represents a 3.56% 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. 0.33% of the stock is currently owned by corporate insiders.

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.