Webster Bank N. A. Purchases 69 Shares of Caterpillar Inc. (NYSE:CAT)

Webster Bank N. A. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,599 shares of the industrial products company’s stock after purchasing an additional 69 shares during the period. Webster Bank N. A.’s holdings in Caterpillar were worth $3,592,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Horan Securities Inc. increased its holdings in Caterpillar by 678.6% in the 1st quarter. Horan Securities Inc. now owns 109 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. West Financial Advisors LLC bought a new stake in Caterpillar in the 2nd quarter valued at $25,000. Atlas Capital Advisors LLC increased its holdings in Caterpillar by 272.4% in the 1st quarter. Atlas Capital Advisors LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 79 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Caterpillar by 730.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 108 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 95 shares during the last quarter. Finally, TFC Financial Management Inc. increased its holdings in Caterpillar by 470.8% in the 1st quarter. TFC Financial Management Inc. now owns 137 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. 69.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $275.00, for a total value of $5,500,000.00. Following the completion of the sale, the insider now directly owns 53,671 shares of the company’s stock, valued at approximately $14,759,525. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Lange Bob De sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $275.00, for a total value of $5,500,000.00. Following the completion of the sale, the insider now owns 53,671 shares in the company, valued at approximately $14,759,525. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Cheryl H. Johnson sold 6,415 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $260.00, for a total transaction of $1,667,900.00. Following the completion of the sale, the insider now owns 16,362 shares of the company’s stock, valued at approximately $4,254,120. 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 in the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 0.5 %

Shares of CAT stock traded down $1.44 during trading hours on Tuesday, reaching $279.50. 1,298,715 shares of the stock were exchanged, compared to its average volume of 3,068,682. The firm has a market capitalization of $142.57 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 1.26. Caterpillar Inc. has a 12-month low of $160.60 and a 12-month high of $293.88. The company’s 50-day moving average price is $273.63 and its 200-day moving average price is $242.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.57 by $0.98. The company had revenue of $17.30 billion during 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.18 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CAT shares. StockNews.com downgraded shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 14th. TD Cowen lifted their price objective on shares of Caterpillar from $287.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. DA Davidson began 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. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $240.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group lifted their price objective on shares of Caterpillar from $279.00 to $334.00 and gave the stock an “outperform” 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $267.00.

About Caterpillar

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.