First National Bank of South Miami Has $207,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

First National Bank of South Miami boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 22.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 842 shares of the industrial products company’s stock after purchasing an additional 152 shares during the quarter. First National Bank of South Miami’s holdings in Caterpillar were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CAT. Premier Asset Management LLC grew its stake in shares of Caterpillar by 3.1% during the fourth quarter. Premier Asset Management LLC now owns 1,418 shares of the industrial products company’s stock worth $340,000 after buying an additional 43 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Caterpillar by 3.2% in the fourth quarter. Enterprise Financial Services Corp now owns 1,397 shares of the industrial products company’s stock valued at $335,000 after buying an additional 43 shares during the period. Rise Advisors LLC raised its holdings in Caterpillar by 5.4% in the 2nd quarter. Rise Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $205,000 after buying an additional 43 shares during the last quarter. Private Ocean LLC boosted its position in Caterpillar by 30.9% during the 1st quarter. Private Ocean LLC now owns 195 shares of the industrial products company’s stock worth $45,000 after buying an additional 46 shares during the period. Finally, Asset Management Group Inc. grew its holdings in Caterpillar by 0.4% during the 4th quarter. Asset Management Group Inc. now owns 10,734 shares of the industrial products company’s stock worth $2,572,000 after acquiring an additional 47 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $280.88 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26. The stock has a market cap of $143.28 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. The stock’s fifty day simple moving average is $273.63 and its two-hundred day simple moving average is $242.50. Caterpillar Inc. has a 1-year low of $160.60 and a 1-year high of $293.88.

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

Insider Activity

In other Caterpillar news, insider Cheryl H. Johnson sold 18,294 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $286.33, for a total value of $5,238,121.02. Following the completion of the transaction, the insider now owns 16,362 shares in the company, valued at approximately $4,684,931.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Anthony D. Fassino sold 2,923 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the transaction, the insider now directly owns 16,182 shares of the company’s stock, valued at approximately $4,514,778. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cheryl H. Johnson sold 18,294 shares of Caterpillar stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 16,362 shares in the company, valued at approximately $4,684,931.46. The disclosure for this sale can be found here. Insiders sold a total of 54,918 shares of company stock valued at $15,299,870 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Caterpillar from $225.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $275.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. DA Davidson began coverage on Caterpillar in a research note on Wednesday, June 21st. They set a “neutral” rating and a $263.00 target price for the company. The Goldman Sachs Group boosted their price target on Caterpillar from $274.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $267.00.

Caterpillar Company 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.