Honkamp Krueger Financial Services Inc. Sells 1,424 Shares of Caterpillar Inc. (NYSE:CAT)

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Honkamp Krueger Financial Services Inc. lessened its stake in Caterpillar Inc. (NYSE:CAT) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,761 shares of the industrial products company’s stock after selling 1,424 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Caterpillar were worth $2,125,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Caterpillar by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 7,022,665 shares of the industrial products company’s stock worth $890,658,000 after acquiring an additional 321,277 shares during the last quarter. Monte Financial Group LLC increased its stake in shares of Caterpillar by 8.0% in the 1st quarter. Monte Financial Group LLC now owns 20,225 shares of the industrial products company’s stock worth $2,740,000 after acquiring an additional 1,492 shares during the last quarter. Hanson & Doremus Investment Management increased its stake in shares of Caterpillar by 2.7% in the 1st quarter. Hanson & Doremus Investment Management now owns 13,802 shares of the industrial products company’s stock worth $1,870,000 after acquiring an additional 368 shares during the last quarter. Brinker Capital Inc. increased its stake in shares of Caterpillar by 45.2% in the 1st quarter. Brinker Capital Inc. now owns 7,492 shares of the industrial products company’s stock worth $1,015,000 after acquiring an additional 2,331 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of Caterpillar by 4.0% in the 1st quarter. Douglas Lane & Associates LLC now owns 6,266 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 66.02% of the company’s stock.

CAT has been the subject of a number of recent research reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caterpillar in a research note on Wednesday, August 14th. Standpoint Research raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Goldman Sachs Group downgraded Caterpillar from a “buy” rating to a “neutral” rating and cut their target price for the stock from $156.00 to $130.00 in a research note on Wednesday, August 7th. ValuEngine downgraded Caterpillar from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Co lowered their price target on Caterpillar from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $139.90.

Caterpillar stock traded down $3.83 during midday trading on Friday, reaching $114.06. 5,484,601 shares of the stock traded hands, compared to its average volume of 3,989,511. The company has a 50-day simple moving average of $127.95 and a two-hundred day simple moving average of $131.73. Caterpillar Inc. has a 12-month low of $112.06 and a 12-month high of $159.37. The firm has a market cap of $66.32 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.84 and a beta of 1.52. 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 announced its earnings results on Wednesday, July 24th. The industrial products company reported $2.83 EPS for the quarter, missing analysts’ consensus estimates of $3.12 by ($0.29). Caterpillar had a net margin of 11.26% and a return on equity of 43.35%. The firm had revenue of $14.43 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter last year, the business earned $2.97 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 11.73 earnings per share for the current year.

Caterpillar 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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