City Holding Co. Has $8.68 Million Holdings in Caterpillar Inc. (NYSE:CAT)

City Holding Co. grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 22,205 shares of the industrial products company’s stock after buying an additional 111 shares during the period. Caterpillar makes up 1.2% of City Holding Co.’s investment portfolio, making the stock its 15th biggest holding. City Holding Co.’s holdings in Caterpillar were worth $8,684,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Personal CFO Solutions LLC boosted its holdings in Caterpillar by 13.1% during the fourth quarter. Personal CFO Solutions LLC now owns 1,419 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 164 shares in the last quarter. Regal Investment Advisors LLC grew its position in Caterpillar by 4.9% in the fourth quarter. Regal Investment Advisors LLC now owns 3,824 shares of the industrial products company’s stock valued at $1,131,000 after acquiring an additional 179 shares during the period. Visionary Wealth Advisors lifted its holdings in shares of Caterpillar by 3.2% during the fourth quarter. Visionary Wealth Advisors now owns 3,295 shares of the industrial products company’s stock valued at $974,000 after acquiring an additional 101 shares during the period. MGO One Seven LLC grew its holdings in shares of Caterpillar by 5.9% in the 4th quarter. MGO One Seven LLC now owns 9,907 shares of the industrial products company’s stock worth $2,929,000 after purchasing an additional 552 shares during the last quarter. Finally, BOKF NA increased its position in shares of Caterpillar by 1.0% during the 4th quarter. BOKF NA now owns 33,886 shares of the industrial products company’s stock worth $10,019,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT opened at $387.90 on Wednesday. The firm’s 50 day moving average price is $352.59 and its two-hundred day moving average price is $348.22. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.78 and a current ratio of 1.28. Caterpillar Inc. has a twelve month low of $223.76 and a twelve month high of $401.17. The firm has a market cap of $189.70 billion, a P/E ratio of 17.51, a PEG ratio of 1.73 and a beta of 1.10.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $5.99 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $0.46. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. The company had revenue of $16.69 billion for the quarter, compared to analyst estimates of $16.91 billion. During the same period in the previous year, the company posted $5.55 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that Caterpillar Inc. will post 21.91 EPS for the current fiscal year.

Caterpillar declared that its board has approved a share buyback plan on Wednesday, June 12th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the industrial products company to buy up to 12.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Bank of America upped their price objective on shares of Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Raymond James started coverage on Caterpillar in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. UBS Group lifted their price target on Caterpillar from $270.00 to $285.00 and gave the company a “sell” rating in a report on Wednesday, August 7th. Citigroup initiated coverage on shares of Caterpillar in a research note on Wednesday, June 26th. They issued a “buy” rating and a $380.00 target price for the company. Finally, StockNews.com cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $339.94.

Insider Transactions at Caterpillar

In other news, insider Cheryl H. Johnson sold 1,508 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $350.00, for a total transaction of $527,800.00. Following the completion of the transaction, the insider now directly owns 18,515 shares in the company, valued at $6,480,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Caterpillar news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now directly owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cheryl H. Johnson sold 1,508 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $350.00, for a total value of $527,800.00. Following the sale, the insider now directly owns 18,515 shares of the company’s stock, valued at $6,480,250. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,668 shares of company stock valued at $2,665,760 in the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

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.