Atwater Malick LLC Buys 100 Shares of Caterpillar Inc. $CAT

Atwater Malick LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,840 shares of the industrial products company’s stock after purchasing an additional 100 shares during the period. Caterpillar accounts for approximately 5.3% of Atwater Malick LLC’s investment portfolio, making the stock its 4th biggest position. Atwater Malick LLC’s holdings in Caterpillar were worth $16,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Compass Financial Services Inc increased 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 during the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar in the second quarter valued at $32,000. Curat Global LLC acquired a new position in shares of Caterpillar in the first quarter valued at $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar in the first quarter valued at $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in shares of Caterpillar in the first quarter valued at $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Up 2.1%

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 50-day simple moving average of $435.71 and a 200 day simple moving average of $377.37. 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 capitalization of $229.97 billion, a price-to-earnings ratio of 24.97, a P/E/G 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 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 company earned $5.99 EPS. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Evercore ISI upgraded shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a report on Tuesday, August 19th. Bank of America boosted their target price on shares of Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Citigroup reissued a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Finally, Oppenheimer boosted their target price on shares of Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’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 completion of the transaction, the director owned 6,917 shares of the company’s stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value 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. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 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.

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.