Caterpillar Inc. (NYSE:CAT) Stock Holdings Boosted by Bath Savings Trust Co

Bath Savings Trust Co boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,349 shares of the industrial products company’s stock after buying an additional 365 shares during the quarter. Bath Savings Trust Co’s holdings in Caterpillar were worth $1,310,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CAT. Thompson Investment Management Inc. acquired a new position in Caterpillar in the first quarter worth approximately $27,000. Fairman Group LLC purchased a new position in shares of Caterpillar in the first quarter worth approximately $29,000. Bbjs Financial Advisors LLC acquired a new stake in Caterpillar during the 2nd quarter valued at $28,000. Financial Connections Group Inc. purchased a new stake in shares of Caterpillar in the second quarter valued at $28,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Caterpillar during the fourth quarter valued at $27,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Performance

NYSE:CAT opened at $398.12 on Tuesday. Caterpillar Inc. has a 1 year low of $223.76 and a 1 year high of $401.17. The company has a current ratio of 1.28, a quick ratio of 0.78 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $194.70 billion, a PE ratio of 17.97, a PEG ratio of 1.73 and a beta of 1.10. The firm’s fifty day simple moving average is $351.52 and its 200 day simple moving average is $347.99.

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

Caterpillar declared that its Board of Directors has approved a stock repurchase program on Wednesday, June 12th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 12.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research reports. Bank of America raised their price objective on Caterpillar from $376.00 to $434.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Evercore ISI cut their target price on shares of Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Raymond James began coverage on shares of Caterpillar in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Citigroup initiated coverage on Caterpillar in a research note on Wednesday, June 26th. They issued a “buy” rating and a $380.00 price target for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Caterpillar presently has an average rating of “Hold” and an average price target of $339.94.

Insider Transactions at Caterpillar

In other news, Director Gerald Johnson bought 100 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average cost of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the purchase, the director now owns 2,842 shares of the company’s stock, valued at $962,272.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Caterpillar news, insider Cheryl H. Johnson sold 1,508 shares of the stock in a transaction on Tuesday, July 16th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gerald Johnson bought 100 shares of Caterpillar stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the purchase, the director now directly owns 2,842 shares in the company, valued at $962,272.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 7,668 shares of company stock valued at $2,665,760. 0.33% of the stock is 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.