River Street Advisors LLC Sells 204 Shares of Caterpillar Inc. $CAT

River Street Advisors LLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,318 shares of the industrial products company’s stock after selling 204 shares during the quarter. Caterpillar comprises approximately 1.4% of River Street Advisors LLC’s investment portfolio, making the stock its 17th largest position. River Street Advisors LLC’s holdings in Caterpillar were worth $3,229,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Compass Financial Services Inc grew its position in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares during the period. Family Legacy Financial Solutions LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $32,000. Curat Global LLC acquired a new stake in shares of Caterpillar during the 1st quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the 1st quarter worth approximately $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new stake in shares of Caterpillar during the 1st quarter worth approximately $45,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

CAT opened at $490.88 on Friday. 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 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. The firm’s fifty day moving average price is $435.71 and its two-hundred day moving average price is $377.37. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $495.98.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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 firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.99 earnings per share. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CAT. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Jefferies Financial Group reissued a “buy” rating and issued a $500.00 price target on shares of Caterpillar in a research report on Friday, August 29th. Robert W. Baird lifted their price target on shares of Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Finally, Truist Financial lifted their price target 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. 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 company. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction 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 transaction, the director directly owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock valued at $16,885,492 in the last three months. 0.33% of the stock is currently owned by 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.