Caterpillar Inc. (NYSE:CAT) Shares Sold by Coldstream Capital Management Inc.

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Coldstream Capital Management Inc. cut its stake in Caterpillar Inc. (NYSE:CAT) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,361 shares of the industrial products company’s stock after selling 108 shares during the period. Coldstream Capital Management Inc.’s holdings in Caterpillar were worth $3,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its holdings in shares of Caterpillar by 23.5% during the 2nd quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 72 shares in the last quarter. First Merchants Corp increased its holdings in Caterpillar by 0.4% in the 2nd quarter. First Merchants Corp now owns 20,577 shares of the industrial products company’s stock worth $2,804,000 after acquiring an additional 75 shares in the last quarter. LexAurum Advisors LLC increased its holdings in Caterpillar by 4.7% in the 2nd quarter. LexAurum Advisors LLC now owns 1,700 shares of the industrial products company’s stock worth $232,000 after acquiring an additional 77 shares in the last quarter. Claro Advisors LLC boosted its stake in Caterpillar by 3.5% during the 2nd quarter. Claro Advisors LLC now owns 2,341 shares of the industrial products company’s stock worth $319,000 after purchasing an additional 79 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its stake in Caterpillar by 11.0% during the 1st quarter. Oakworth Capital Inc. now owns 808 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 64.95% of the company’s stock.

CAT traded down $1.96 on Friday, hitting $128.16. The company had a trading volume of 6,024,540 shares, compared to its average volume of 4,045,551. The firm has a market cap of $73.74 billion, a P/E ratio of 11.42, a PEG ratio of 0.93 and a beta of 1.54. Caterpillar Inc. has a 1 year low of $111.75 and a 1 year high of $159.37. The company’s fifty day moving average price is $121.59 and its 200 day moving average price is $130.18. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 1.66.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($0.29). The company had revenue of $14.43 billion during the quarter, compared to analysts’ expectations of $14.47 billion. Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.97 earnings per share. On average, analysts predict that Caterpillar Inc. will post 11.71 earnings per share for the current year.

CAT has been the topic of several recent research reports. Credit Suisse Group lowered their price target on shares of Caterpillar from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Standpoint Research raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Wednesday, June 5th. Morgan Stanley lowered their price target on shares of Caterpillar from $165.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird lowered their price target on shares of Caterpillar from $161.00 to $155.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Bank of America reissued a “buy” rating and set a $145.00 price target (down previously from $150.00) on shares of Caterpillar in a research report on Monday, September 9th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the company. Caterpillar has an average rating of “Hold” and a consensus target price of $139.23.

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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