Wilson & Boucher Capital Management LLC Cuts Stock Position in Caterpillar Inc. (NYSE:CAT)

Wilson & Boucher Capital Management LLC lowered its position in Caterpillar Inc. (NYSE:CATGet Rating) by 3.0% during the second quarter, Holdings Channel reports. The institutional investor owned 6,421 shares of the industrial products company’s stock after selling 200 shares during the quarter. Caterpillar comprises approximately 1.3% of Wilson & Boucher Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Wilson & Boucher Capital Management LLC’s holdings in Caterpillar were worth $1,148,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. Miracle Mile Advisors LLC grew its position in Caterpillar by 3.0% during the 2nd quarter. Miracle Mile Advisors LLC now owns 26,638 shares of the industrial products company’s stock worth $4,762,000 after purchasing an additional 769 shares during the last quarter. PDS Planning Inc boosted its holdings in shares of Caterpillar by 6.8% in the 2nd quarter. PDS Planning Inc now owns 1,562 shares of the industrial products company’s stock valued at $279,000 after acquiring an additional 99 shares during the last quarter. Cordasco Financial Network boosted its holdings in shares of Caterpillar by 4.1% in the 2nd quarter. Cordasco Financial Network now owns 4,034 shares of the industrial products company’s stock valued at $721,000 after acquiring an additional 160 shares during the last quarter. TKG Advisors LLC boosted its holdings in shares of Caterpillar by 3.3% in the 2nd quarter. TKG Advisors LLC now owns 5,785 shares of the industrial products company’s stock valued at $1,034,000 after acquiring an additional 184 shares during the last quarter. Finally, Karp Capital Management Corp boosted its holdings in shares of Caterpillar by 0.9% in the 2nd quarter. Karp Capital Management Corp now owns 15,112 shares of the industrial products company’s stock valued at $2,701,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 68.80% of the company’s stock.

Caterpillar Stock Down 2.7 %

NYSE:CAT traded down $4.54 during trading hours on Friday, hitting $166.01. 20,641 shares of the stock traded hands, compared to its average volume of 2,422,951. The firm has a 50 day moving average price of $186.16 and a 200 day moving average price of $200.88. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 1.66. Caterpillar Inc. has a fifty-two week low of $167.08 and a fifty-two week high of $237.90. The firm has a market cap of $87.64 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 1.13 and a beta of 1.02.

Caterpillar (NYSE:CATGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.18. The firm had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Caterpillar had a net margin of 12.50% and a return on equity of 37.29%. Caterpillar’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 earnings per share. Equities research analysts anticipate that Caterpillar Inc. will post 12.64 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CAT shares. StockNews.com upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. JPMorgan Chase & Co. lowered their target price on Caterpillar from $250.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company lowered their target price on Caterpillar from $230.00 to $205.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 3rd. Daiwa Capital Markets reduced their price target on shares of Caterpillar to $190.00 in a research report on Tuesday, August 9th. Finally, Morgan Stanley cut their target price on Caterpillar from $161.00 to $142.00 and set an “underweight” rating on the stock in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.38.

Caterpillar Company Profile

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Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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