American National Bank Acquires 653 Shares of Caterpillar Inc. (NYSE:CAT)

American National Bank increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,436 shares of the industrial products company’s stock after acquiring an additional 653 shares during the quarter. Caterpillar comprises about 1.2% of American National Bank’s investment portfolio, making the stock its 27th largest holding. American National Bank’s holdings in Caterpillar were worth $7,243,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in Caterpillar by 130,632.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,784,017 shares of the industrial products company’s stock worth $2,343,859,000 after buying an additional 9,776,533 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Caterpillar by 2.7% in the 1st quarter. Geode Capital Management LLC now owns 9,375,637 shares of the industrial products company’s stock valued at $2,141,148,000 after purchasing an additional 244,930 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Caterpillar by 1.8% in the 1st quarter. Fisher Asset Management LLC now owns 7,522,869 shares of the industrial products company’s stock valued at $1,721,533,000 after purchasing an additional 132,253 shares in the last quarter. Morgan Stanley boosted its stake in shares of Caterpillar by 17.2% in the 4th quarter. Morgan Stanley now owns 6,608,165 shares of the industrial products company’s stock valued at $1,583,053,000 after purchasing an additional 969,222 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Caterpillar by 22.1% in the 1st quarter. FMR LLC now owns 5,665,888 shares of the industrial products company’s stock valued at $1,296,582,000 after purchasing an additional 1,024,083 shares in the last quarter. 69.20% of the stock is owned by institutional investors.

Insider Activity at Caterpillar

In related news, insider Anthony D. Fassino sold 2,923 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $279.00, for a total value of $815,517.00. Following the sale, the insider now directly owns 16,182 shares in the company, valued at approximately $4,514,778. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Cheryl H. Johnson sold 18,294 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $286.33, for a total transaction of $5,238,121.02. Following the sale, the insider now directly owns 16,362 shares in the company, valued at $4,684,931.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Anthony D. Fassino sold 2,923 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total value of $815,517.00. Following the sale, the insider now owns 16,182 shares in the company, valued at $4,514,778. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,918 shares of company stock worth $15,299,870. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Barclays lifted their target price on shares of Caterpillar from $225.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus lifted their price objective on shares of Caterpillar from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. DA Davidson initiated coverage on shares of Caterpillar in a research note on Wednesday, June 21st. They issued a “neutral” rating and a $263.00 price objective for the company. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Finally, Citigroup lifted their price objective on shares of Caterpillar from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $267.00.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $280.88 on Tuesday. The company’s 50-day moving average is $273.63 and its 200 day moving average is $242.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.33. The company has a market capitalization of $143.28 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. Caterpillar Inc. has a fifty-two week low of $160.60 and a fifty-two week high of $293.88.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.57 by $0.98. The company had revenue of $17.30 billion for the quarter, compared to the consensus estimate of $16.46 billion. Caterpillar had a net margin of 12.91% and a return on equity of 55.93%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.18 EPS. On average, equities research analysts forecast that Caterpillar Inc. will post 19.82 earnings per share for the current year.

Caterpillar Profile

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.