Caterpillar Inc. $CAT Shares Sold by Key Client Fiduciary Advisors LLC

Key Client Fiduciary Advisors LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 912 shares of the industrial products company’s stock after selling 33 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Caterpillar were worth $354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc boosted its holdings in 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 in the last quarter. Investment Management Corp VA ADV acquired a new position in Caterpillar in the fourth quarter valued at approximately $33,000. Curat Global LLC acquired a new position in Caterpillar in the first quarter valued at approximately $33,000. Redmont Wealth Advisors LLC acquired a new position in Caterpillar in the first quarter valued at approximately $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Caterpillar in the fourth quarter valued at approximately $36,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research analyst reports. DA Davidson upped their price target on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a report on Tuesday, July 22nd. Truist Financial increased their price objective on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a report on Wednesday, July 9th. Finally, Citigroup increased their price objective on Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Two research 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $457.20.

Insider Buying and Selling

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Up 1.0%

Caterpillar stock opened at $435.62 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The firm has a market capitalization of $204.08 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The stock’s fifty day moving average is $420.93 and its two-hundred day moving average is $366.13.

Caterpillar (NYSE:CAT) last posted its earnings results 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). The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $5.99 EPS. Analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.