Community Bank N.A. Sells 200 Shares of Caterpillar Inc. (NYSE:CAT)

Community Bank N.A. reduced its holdings in Caterpillar Inc. (NYSE:CAT) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,635 shares of the industrial products company’s stock after selling 200 shares during the quarter. Community Bank N.A.’s holdings in Caterpillar were worth $6,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC increased its holdings in shares of Caterpillar by 3.4% during the fourth quarter. LPL Financial LLC now owns 909,922 shares of the industrial products company’s stock valued at $330,083,000 after acquiring an additional 30,284 shares in the last quarter. Richwood Investment Advisors LLC increased its holdings in shares of Caterpillar by 7.4% during the fourth quarter. Richwood Investment Advisors LLC now owns 2,670 shares of the industrial products company’s stock valued at $969,000 after acquiring an additional 185 shares in the last quarter. Blueprint Investment Partners LLC increased its holdings in shares of Caterpillar by 11.3% during the fourth quarter. Blueprint Investment Partners LLC now owns 1,332 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 135 shares in the last quarter. AXQ Capital LP increased its holdings in shares of Caterpillar by 211.2% during the fourth quarter. AXQ Capital LP now owns 6,501 shares of the industrial products company’s stock valued at $2,358,000 after acquiring an additional 4,412 shares in the last quarter. Finally, Intellus Advisors LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $452,000. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of several recent research reports. Morgan Stanley decreased their price objective on Caterpillar from $330.00 to $300.00 and set an “underweight” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Caterpillar from $515.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Evercore ISI upped their price target on Caterpillar from $365.00 to $375.00 and gave the stock an “in-line” rating in a report on Wednesday, February 19th. Bank of America decreased their price target on Caterpillar from $452.00 to $414.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Jefferies Financial Group upped their price target on Caterpillar from $455.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $383.80.

Caterpillar Stock Down 0.2 %

Shares of NYSE CAT opened at $335.49 on Friday. Caterpillar Inc. has a one year low of $307.05 and a one year high of $418.50. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.42 and a quick ratio of 0.89. The business’s fifty day moving average price is $358.61 and its 200-day moving average price is $372.05. The stock has a market capitalization of $160.34 billion, a PE ratio of 15.20, a P/E/G ratio of 1.87 and a beta of 1.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $0.17. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Buying and Selling

In related news, Director Gerald Johnson acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were acquired at an average price of $365.57 per share, with a total value of $36,557.00. Following the acquisition, the director now owns 3,053 shares of the company’s stock, valued at approximately $1,116,085.21. This trade represents a 3.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,425 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Caterpillar Company Profile

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.