Home Federal Bank of Tennessee Buys 100 Shares of Caterpillar Inc. (NYSE:CAT)

Home Federal Bank of Tennessee increased its stake in shares of Caterpillar Inc. (NYSE:CATGet Rating) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,109 shares of the industrial products company’s stock after acquiring an additional 100 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Caterpillar were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Schroder Investment Management Group grew its position in Caterpillar by 15.1% during the 4th quarter. Schroder Investment Management Group now owns 71,468 shares of the industrial products company’s stock worth $14,776,000 after acquiring an additional 9,350 shares during the last quarter. Clearstead Advisors LLC grew its position in shares of Caterpillar by 4.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,017 shares of the industrial products company’s stock worth $417,000 after buying an additional 79 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $428,000. Rodgers Brothers Inc. grew its position in shares of Caterpillar by 14.6% in the 4th quarter. Rodgers Brothers Inc. now owns 3,490 shares of the industrial products company’s stock worth $722,000 after buying an additional 445 shares during the last quarter. Finally, IMA Wealth Inc. bought a new stake in shares of Caterpillar in the 4th quarter worth approximately $41,000. 68.80% of the stock is currently owned by institutional investors.

Caterpillar Stock Down 4.9 %

Shares of CAT stock traded down $8.41 during mid-day trading on Friday, hitting $162.14. The company’s stock had a trading volume of 175,987 shares, compared to its average volume of 2,422,951. Caterpillar Inc. has a 52-week low of $167.08 and a 52-week high of $237.90. The business has a 50-day moving average price of $186.16 and a 200 day moving average price of $200.88. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.90 and a current ratio of 1.45. The stock has a market cap of $85.60 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 posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.00 by $0.18. Caterpillar had a return on equity of 37.29% and a net margin of 12.50%. The firm had revenue of $14.25 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the previous year, the business earned $2.60 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 12.64 EPS for the current fiscal year.

Analysts Set New Price Targets

CAT has been the topic of a number of recent analyst reports. Credit Suisse Group lifted their price objective on Caterpillar from $226.00 to $236.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Caterpillar from $240.00 to $227.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Cowen dropped their price target on Caterpillar from $255.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, July 7th. UBS Group dropped their price target on Caterpillar from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Finally, Sanford C. Bernstein lowered Caterpillar from an “outperform” rating to a “market perform” rating and set a $195.00 price target on the stock. in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $223.38.

Caterpillar Company Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATGet Rating).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.