539 Shares in Caterpillar Inc. $CAT Bought by Triad Wealth Partners LLC

Triad Wealth Partners LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 539 shares of the industrial products company’s stock, valued at approximately $209,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Compass Financial Services Inc raised its stake in Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Caterpillar in the second quarter valued at about $32,000. Curat Global LLC purchased a new stake in Caterpillar in the first quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new stake in Caterpillar in the first quarter valued at about $33,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Caterpillar in the first quarter valued at about $45,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of Caterpillar 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 has a market cap of $233.53 billion, a price-to-earnings ratio of 25.35, a PEG 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. The business’s 50 day moving average price is $436.99 and its 200 day moving average price is $378.76.

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 analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the business posted $5.99 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAT. Truist Financial increased their price target on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Caterpillar in a research note on Saturday, September 27th. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. Melius Research upgraded Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective for the company in a research note on Wednesday, July 9th. Finally, Citigroup restated a “buy” rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.