FinTrust Capital Advisors LLC cut its position in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,641 shares of the industrial products company’s stock after selling 158 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Caterpillar were worth $633,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Paragon Capital Management LLC acquired a new position in Caterpillar during the first quarter worth $40,000. Kavar Capital Partners LLC purchased a new position in Caterpillar during the second quarter worth $46,000. Sound Income Strategies LLC increased its position in Caterpillar by 23.5% during the second quarter. Sound Income Strategies LLC now owns 378 shares of the industrial products company’s stock worth $52,000 after buying an additional 72 shares in the last quarter. Exane Derivatives purchased a new position in Caterpillar during the second quarter worth $54,000. Finally, JNBA Financial Advisors increased its position in Caterpillar by 33.3% during the second quarter. JNBA Financial Advisors now owns 400 shares of the industrial products company’s stock worth $55,000 after buying an additional 100 shares in the last quarter. 66.86% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CAT traded down $0.39 during midday trading on Thursday, reaching $114.82. The company’s stock had a trading volume of 2,423,176 shares, compared to its average volume of 4,664,563. The firm has a market cap of $64.63 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.83 and a beta of 1.52. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.00 and a current ratio of 1.43. Caterpillar Inc. has a 1 year low of $112.06 and a 1 year high of $159.37. The company’s 50 day moving average is $131.42.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.12 by ($0.29). The business 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%. Caterpillar’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.97 EPS. Analysts expect that Caterpillar Inc. will post 11.73 EPS for the current year.

Several equities analysts have weighed in on CAT shares. Macquarie set a $115.00 price target on Caterpillar and gave the stock a “sell” rating in a research report on Tuesday, June 11th. Stephens started coverage on Caterpillar in a research report on Wednesday. They set an “underweight” rating and a $100.00 price target for the company. UBS Group dropped their price target on Caterpillar from $125.00 to $115.00 and set a “sell” rating for the company in a research report on Tuesday, June 4th. ValuEngine downgraded Caterpillar from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley dropped their price target on Caterpillar from $165.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. Caterpillar presently has a consensus rating of “Hold” and an average price target of $139.90.

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.

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Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

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