Client 1ST Advisory Group LLC Acquires Shares of 559 Caterpillar Inc. $CAT

Client 1ST Advisory Group LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 559 shares of the industrial products company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CAT. Vigilare Wealth Management increased its holdings in shares of Caterpillar by 53.0% during the second quarter. Vigilare Wealth Management now owns 1,011 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 350 shares in the last quarter. First Pacific Financial grew its stake in shares of Caterpillar by 3.1% during the 2nd quarter. First Pacific Financial now owns 1,349 shares of the industrial products company’s stock valued at $524,000 after purchasing an additional 41 shares during the period. Trilogy Capital Inc. grew its stake in shares of Caterpillar by 6.3% during the 2nd quarter. Trilogy Capital Inc. now owns 762 shares of the industrial products company’s stock valued at $296,000 after purchasing an additional 45 shares during the period. QTR Family Wealth LLC grew its stake in shares of Caterpillar by 3.8% during the 2nd quarter. QTR Family Wealth LLC now owns 849 shares of the industrial products company’s stock valued at $329,000 after purchasing an additional 31 shares during the period. Finally, Trust Co. of Vermont grew its stake in shares of Caterpillar by 0.3% during the 2nd quarter. Trust Co. of Vermont now owns 11,993 shares of the industrial products company’s stock valued at $4,656,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 1.1%

Shares of CAT opened at $477.03 on Wednesday. The stock has a market capitalization of $223.48 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.41. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The business’s 50 day simple moving average is $433.41 and its 200-day simple moving average is $375.62. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The firm had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm’s revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $5.99 earnings per share. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the sale, the chairman owned 465,339 shares in the company, valued at approximately $215,289,088.35. This represents a 3.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,819 shares of company stock worth $16,885,492. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. DA Davidson boosted their price target on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $466.53.

About Caterpillar

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.