Well Done LLC Decreases Stock Position in Caterpillar Inc. $CAT

Well Done LLC reduced its position in Caterpillar Inc. (NYSE:CAT) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,856 shares of the industrial products company’s stock after selling 72 shares during the quarter. Well Done LLC’s holdings in Caterpillar were worth $1,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Point Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter worth about $579,000. Brighton Jones LLC raised its holdings in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after acquiring an additional 2,519 shares during the last quarter. Ascent Group LLC lifted its stake in Caterpillar by 44.0% in the 4th quarter. Ascent Group LLC now owns 1,639 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 501 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $99,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. DA Davidson boosted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Citigroup restated a “buy” rating on shares of Caterpillar in a research report on Tuesday. Barclays boosted their target price on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $464.33.

Insiders Place Their Bets

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 stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Kaiser sold 2,161 shares of Caterpillar 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 completion of the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock worth $16,885,492 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

NYSE CAT opened at $470.50 on Thursday. 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 company has a market cap of $220.42 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.86 and a beta of 1.41. The stock has a 50-day moving average of $429.02 and a two-hundred day moving average of $371.77. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $485.34.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS 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 during the quarter, compared to analysts’ expectations of $16.14 billion. During the same period in the previous year, the business posted $5.99 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current 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.