McLean Asset Management Corp Has $313,000 Position in Caterpillar Inc. $CAT

McLean Asset Management Corp boosted its position in Caterpillar Inc. (NYSE:CAT) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 787 shares of the industrial products company’s stock after purchasing an additional 33 shares during the period. McLean Asset Management Corp’s holdings in Caterpillar were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CAT. Compass Financial Services Inc increased its stake in shares of 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 buying an additional 31 shares during the period. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the 4th quarter valued at about $33,000. Curat Global LLC bought a new stake in shares of Caterpillar during the 1st quarter valued at about $33,000. Redmont Wealth Advisors LLC bought a new position in Caterpillar in the first quarter worth approximately $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Caterpillar in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Down 0.1%

Shares of CAT stock opened at $431.10 on Friday. 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 business has a 50-day moving average price of $420.04 and a two-hundred day moving average price of $365.16. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $441.15. The firm has a market cap of $201.96 billion, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41.

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. Robert W. Baird decreased their target price on Caterpillar from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, DA Davidson raised their price target on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $457.20.

Insider Activity

In other news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the sale, the chairman directly owned 482,505 shares in the company, valued at approximately $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,653 shares of company stock valued at $8,943,642. Insiders own 0.33% of the company’s stock.

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.