Olistico Wealth LLC Buys 705 Shares of Caterpillar Inc. $CAT

Olistico Wealth LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 46.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,235 shares of the industrial products company’s stock after purchasing an additional 705 shares during the quarter. Olistico Wealth LLC’s holdings in Caterpillar were worth $868,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. MBL Wealth LLC raised its holdings in Caterpillar by 4.6% in the 2nd quarter. MBL Wealth LLC now owns 2,071 shares of the industrial products company’s stock worth $804,000 after purchasing an additional 92 shares in the last quarter. Realta Investment Advisors raised its holdings in Caterpillar by 2.6% in the 2nd quarter. Realta Investment Advisors now owns 2,728 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 70 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Caterpillar by 4.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 15,298 shares of the industrial products company’s stock worth $5,939,000 after buying an additional 713 shares during the period. Ergawealth Advisors Inc. purchased a new stake in shares of Caterpillar in the 2nd quarter worth about $455,000. Finally, Financial Insights Inc. purchased a new stake in shares of Caterpillar in the 2nd quarter worth about $200,000. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company’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 transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents 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.

Caterpillar Stock Performance

Shares of CAT stock opened at $498.48 on Friday. Caterpillar Inc. has a one year low of $267.30 and a one year high of $504.48. The company’s 50-day moving average is $436.99 and its 200 day moving average is $378.76. The company has a market capitalization of $233.53 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 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 net margin of 14.95% and a return on equity of 48.95%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company posted $5.99 earnings per share. 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 a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a research report on Tuesday, August 19th. Robert W. Baird upped their target price on shares of Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Oppenheimer upped their target price on shares of Caterpillar from $480.00 to $513.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, Melius Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target 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.