Shelter Mutual Insurance Co lowered its position in Caterpillar Inc. (NYSE:CAT) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,700 shares of the industrial products company’s stock after selling 6,100 shares during the quarter. Caterpillar comprises approximately 2.5% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 12th biggest holding. Shelter Mutual Insurance Co’s holdings in Caterpillar were worth $8,682,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CAT. Paragon Capital Management LLC acquired a new position in Caterpillar in the first quarter worth approximately $40,000. Kavar Capital Partners LLC acquired a new position in Caterpillar in the second quarter worth approximately $46,000. Sound Income Strategies LLC grew its position in Caterpillar by 23.5% in the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after buying an additional 72 shares during the last quarter. Exane Derivatives acquired a new position in Caterpillar in the second quarter worth approximately $54,000. Finally, JNBA Financial Advisors grew its position in Caterpillar by 33.3% in the second quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock worth $55,000 after buying an additional 100 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.
CAT has been the topic of several recent research reports. Wells Fargo & Co decreased their price target on shares of Caterpillar from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. UBS Group decreased their price target on shares of Caterpillar from $125.00 to $115.00 and set a “sell” rating on the stock in a research report on Tuesday, June 4th. Robert W. Baird decreased their price target on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. ValuEngine lowered shares of Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Buckingham Research lowered shares of Caterpillar from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $162.00 to $140.00 in a research report on Thursday, July 25th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. Caterpillar has a consensus rating of “Hold” and a consensus price target of $139.90.
Shares of Caterpillar stock traded down $0.21 during midday trading on Thursday, reaching $115.00. 2,208,492 shares of the company’s stock traded hands, compared to its average volume of 4,664,563. The stock has a market capitalization of $64.63 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.52. The firm has a 50 day moving average of $131.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. Caterpillar Inc. has a 52 week low of $112.06 and a 52 week high of $159.37.
Caterpillar (NYSE:CAT) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). The business had revenue of $14.43 billion for the quarter, compared to the consensus estimate of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.97 EPS. As a group, research analysts expect that Caterpillar Inc. will post 11.73 EPS for the current year.
Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.
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