Oak Hill Wealth Advisors LLC Purchases 250 Shares of Caterpillar Inc. $CAT

Oak Hill Wealth Advisors LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 12.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,219 shares of the industrial products company’s stock after buying an additional 250 shares during the quarter. Oak Hill Wealth Advisors LLC’s holdings in Caterpillar were worth $875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CAT. Pacific Point Advisors LLC purchased a new position in Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC lifted its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Caterpillar by 5.9% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,460 shares of the industrial products company’s stock valued at $482,000 after buying an additional 81 shares in the last quarter. Beacon Financial Group lifted its stake in shares of Caterpillar by 4.1% during the 1st quarter. Beacon Financial Group now owns 1,284 shares of the industrial products company’s stock valued at $423,000 after buying an additional 51 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Caterpillar by 5.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,187 shares of the industrial products company’s stock valued at $392,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Up 1.6%

Shares of NYSE CAT opened at $498.48 on Friday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $504.48. The stock has a market cap of $233.53 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. The firm has a 50-day moving average of $436.99 and a 200 day moving average of $378.48. 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 results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $5.99 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a research note on Saturday, September 27th. Robert W. Baird increased their price target on shares of Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Barclays increased their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target for the company in a research report on Wednesday, July 9th. Finally, Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price for the company in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction that occurred 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 completion of the sale, the chairman owned 465,339 shares of the company’s stock, valued at $215,289,088.35. This represents a 3.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Company Profile

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.