Community Bank & Trust Waco Texas Buys 50 Shares of Caterpillar Inc. $CAT

Community Bank & Trust Waco Texas boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,925 shares of the industrial products company’s stock after acquiring an additional 50 shares during the period. Caterpillar accounts for about 2.2% of Community Bank & Trust Waco Texas’ portfolio, making the stock its 10th largest holding. Community Bank & Trust Waco Texas’ holdings in Caterpillar were worth $9,676,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Childress Capital Advisors LLC lifted its holdings in Caterpillar by 86.1% in the second quarter. Childress Capital Advisors LLC now owns 1,941 shares of the industrial products company’s stock valued at $754,000 after acquiring an additional 898 shares during the last quarter. OLD Point Trust & Financial Services N A lifted its holdings in Caterpillar by 8.2% in the second quarter. OLD Point Trust & Financial Services N A now owns 1,317 shares of the industrial products company’s stock valued at $511,000 after acquiring an additional 100 shares during the last quarter. PFG Investments LLC lifted its holdings in Caterpillar by 1.7% in the second quarter. PFG Investments LLC now owns 6,229 shares of the industrial products company’s stock valued at $2,418,000 after acquiring an additional 107 shares during the last quarter. LBP AM SA lifted its holdings in Caterpillar by 8.2% in the second quarter. LBP AM SA now owns 3,835 shares of the industrial products company’s stock valued at $1,489,000 after acquiring an additional 291 shares during the last quarter. Finally, Victrix Investment Advisors lifted its holdings in Caterpillar by 4.8% in the second quarter. Victrix Investment Advisors now owns 6,078 shares of the industrial products company’s stock valued at $2,359,000 after acquiring an additional 281 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CAT. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Jefferies Financial Group reissued a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. Oppenheimer boosted their target price on Caterpillar from $480.00 to $513.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup reissued a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Finally, Bank of America boosted their target price on Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $466.53.

Caterpillar Stock Up 1.1%

Caterpillar stock opened at $477.03 on Wednesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34. The stock’s fifty day simple moving average is $433.41 and its 200-day simple moving average is $375.62. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $223.48 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.87 and a beta of 1.41.

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 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 company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same period in the prior year, the company posted $5.99 EPS. The firm’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total value of $7,941,849.90. Following the completion of the transaction, the chairman directly owned 465,339 shares in the company, valued at $215,289,088.35. This trade represents a 3.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is currently owned by company 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.