Ransom Advisory Ltd Sells 50 Shares of Caterpillar Inc. $CAT

by · The Cerbat Gem

Ransom Advisory Ltd decreased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,245 shares of the industrial products company’s stock after selling 50 shares during the period. Ransom Advisory Ltd’s holdings in Caterpillar were worth $483,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CAT. Pacific Point Advisors LLC bought a new stake in Caterpillar in the fourth quarter worth about $579,000. Brighton Jones LLC increased its stake in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after purchasing an additional 2,519 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in shares of Caterpillar in the fourth quarter worth about $410,000. Toronto Dominion Bank increased its stake in shares of Caterpillar by 24.1% in the fourth quarter. Toronto Dominion Bank now owns 205,366 shares of the industrial products company’s stock worth $74,498,000 after purchasing an additional 39,893 shares in the last quarter. Finally, Tema Etfs LLC purchased a new position in shares of Caterpillar in the fourth quarter worth about $4,835,000. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman directly owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,653 shares of company stock valued at $8,943,642 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CAT. Citigroup lifted their target price on shares of Caterpillar from $460.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. DA Davidson lifted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Sanford C. Bernstein reiterated a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Truist Financial upped their target price on shares of Caterpillar from $414.00 to $507.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Robert W. Baird decreased their target price on shares of Caterpillar from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $457.20.

Check Out Our Latest Research Report on Caterpillar

Caterpillar Price Performance

CAT stock opened at $431.10 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a one year low of $267.30 and a one year high of $441.15. The stock has a market cap of $201.96 billion, a PE ratio of 21.93, a P/E/G ratio of 2.62 and a beta of 1.41. The firm has a 50 day simple moving average of $420.04 and a two-hundred day simple moving average of $365.49.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 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 company had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same period in the prior year, the firm earned $5.99 EPS. Caterpillar’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Profile

(Free Report)

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.

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