Woodstock Corp Trims Position in Caterpillar Inc. $CAT

Woodstock Corp lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 17.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,687 shares of the industrial products company’s stock after selling 348 shares during the period. Woodstock Corp’s holdings in Caterpillar were worth $655,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Compass Financial Services Inc raised its stake in Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the period. Investment Management Corp VA ADV purchased a new position in Caterpillar during the fourth quarter worth approximately $33,000. Curat Global LLC purchased a new position in Caterpillar during the first quarter worth approximately $33,000. Redmont Wealth Advisors LLC purchased a new position in Caterpillar during the first quarter worth approximately $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Caterpillar during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Robert W. Baird cut their target price on shares of Caterpillar from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Friday, August 29th. Truist Financial raised their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Finally, Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $457.20.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.0%

Caterpillar stock opened at $435.62 on Tuesday. The firm’s 50-day moving average is $420.93 and its 200-day moving average is $366.13. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15. The company has a market cap of $204.08 billion, a P/E ratio of 22.16, a PEG ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT) last posted its quarterly 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). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the previous year, the business posted $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.