Home Federal Bank of Tennessee Has $377,000 Stock Holdings in Caterpillar Inc. (NYSE:CAT)

Home Federal Bank of Tennessee lifted its position in Caterpillar Inc. (NYSE:CATGet Rating) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,109 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Caterpillar were worth $377,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CAT. Nauset Wealth Management. LLC acquired a new position in Caterpillar during the 1st quarter valued at about $29,000. Arcadia Investment Management Corp MI bought a new position in shares of Caterpillar during the 1st quarter worth approximately $33,000. IMA Wealth Inc. bought a new position in shares of Caterpillar in the fourth quarter valued at $41,000. Core Alternative Capital grew its stake in shares of Caterpillar by 786.4% in the first quarter. Core Alternative Capital now owns 195 shares of the industrial products company’s stock valued at $43,000 after buying an additional 173 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC bought a new position in shares of Caterpillar in the first quarter valued at $45,000. Institutional investors own 68.80% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock traded down $8.41 during midday trading on Friday, reaching $162.14. The company’s stock had a trading volume of 175,987 shares, compared to its average volume of 2,422,951. Caterpillar Inc. has a 52 week low of $167.08 and a 52 week high of $237.90. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 1.66. The business has a 50-day moving average price of $186.16 and a 200-day moving average price of $200.88. The stock has a market cap of $85.60 billion, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.13 and a beta of 1.02.

Caterpillar (NYSE:CATGet Rating) last released its earnings results on Tuesday, August 2nd. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.18. Caterpillar had a return on equity of 37.29% and a net margin of 12.50%. The firm had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the previous year, the business posted $2.60 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Caterpillar Inc. will post 12.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, July 20th. JPMorgan Chase & Co. reduced their price objective on shares of Caterpillar from $250.00 to $205.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Cowen reduced their price objective on shares of Caterpillar from $255.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, July 7th. Morgan Stanley dropped their target price on Caterpillar from $161.00 to $142.00 and set an “underweight” rating for the company in a report on Monday, July 18th. Finally, Daiwa Capital Markets dropped their target price on Caterpillar to $190.00 in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $223.38.

About Caterpillar

(Get Rating)

Caterpillar Inc manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. Its Construction Industries segment offers asphalt pavers, backhoe loaders, compactors, cold planers, compact track and multi-terrain loaders, excavators, motorgraders, pipelayers, road reclaimers, site prep tractors, skid steer loaders, telehandlers, and utility vehicles; mini, small, medium, and large excavators; compact, small, and medium wheel loaders; track-type tractors and loaders; and wheel excavators.

Featured Stories

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CATGet Rating).

Institutional Ownership by Quarter for Caterpillar (NYSE:CAT)

Receive News & Ratings for Caterpillar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caterpillar and related companies with MarketBeat.com's FREE daily email newsletter.