Caterpillar Inc. $CAT Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,353 shares of the industrial products company’s stock after selling 510 shares during the period. Focus Financial Network Inc.’s holdings in Caterpillar were worth $4,019,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. GAMMA Investing LLC increased its position in Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock worth $1,230,239,000 after purchasing an additional 3,721,693 shares during the period. Pacer Advisors Inc. increased its position in Caterpillar by 2,723.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company’s stock worth $466,430,000 after purchasing an additional 1,364,183 shares during the period. Nuveen LLC acquired a new stake in shares of Caterpillar in the 1st quarter worth approximately $391,788,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Caterpillar in the 4th quarter worth approximately $108,958,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Caterpillar by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock worth $1,064,951,000 after acquiring an additional 268,300 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other news, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,653 shares of company stock valued at $8,943,642. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of a number of research reports. Bank of America upped their price target on Caterpillar from $460.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Barclays increased their price target on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Robert W. Baird increased their price target on Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Finally, DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $460.20.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $450.28 on Thursday. 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 firm’s 50-day moving average price is $422.81 and its two-hundred day moving average price is $367.22. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $452.34. The stock has a market capitalization of $210.95 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.68 and a beta of 1.41.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $5.99 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share 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.