Stokes Capital Advisors LLC Sells 249 Shares of Caterpillar Inc. $CAT

Stokes Capital Advisors LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,684 shares of the industrial products company’s stock after selling 249 shares during the period. Stokes Capital Advisors LLC’s holdings in Caterpillar were worth $4,148,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Compass Financial Services Inc raised its position in shares of Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Investment Management Corp VA ADV bought a new position in shares of Caterpillar in the 4th quarter worth about $33,000. Curat Global LLC bought a new position in shares of Caterpillar in the 1st quarter worth about $33,000. Redmont Wealth Advisors LLC bought a new position in shares of Caterpillar in the 1st quarter worth about $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Caterpillar in the 4th quarter worth about $36,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

Caterpillar stock opened at $440.66 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The stock has a market cap of $206.44 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.65 and a beta of 1.41. The company’s 50 day moving average price is $421.85 and its two-hundred day moving average price is $366.65. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15.

Caterpillar (NYSE:CAT) last posted 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). The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $5.99 EPS. On average, equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CAT. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Bank of America lifted their price objective on Caterpillar from $460.00 to $495.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. DA Davidson lifted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. Evercore ISI raised Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective for the company in a research report on Tuesday, August 19th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $457.20.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,653 shares of company stock valued at $8,943,642. 0.33% of the stock is owned by company insiders.

About Caterpillar

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.