Heartwood Wealth Advisors LLC Acquires 121 Shares of Caterpillar Inc. $CAT

Heartwood Wealth Advisors LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,975 shares of the industrial products company’s stock after acquiring an additional 121 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in Caterpillar were worth $1,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CAT. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Caterpillar by 2.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company’s stock worth $472,000 after purchasing an additional 29 shares during the last quarter. McIlrath & Eck LLC increased its holdings in shares of Caterpillar by 3.2% in the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company’s stock worth $349,000 after buying an additional 30 shares during the last quarter. Allen Wealth Management LLC raised its position in shares of Caterpillar by 0.8% during the 1st quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company’s stock valued at $1,322,000 after buying an additional 30 shares in the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Caterpillar by 2.6% during the 1st quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 30 shares during the last quarter. Finally, Compass Financial Services Inc grew its position in Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Down 0.1%

Shares of CAT opened at $431.10 on Monday. The stock has a market capitalization of $201.96 billion, a P/E ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $441.15. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $420.04 and a two-hundred day simple moving average of $365.49.

Caterpillar (NYSE:CAT) last issued 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 the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business’s revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $5.99 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CAT shares. Citigroup raised their price target on Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. 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 report on Wednesday, July 9th. Robert W. Baird cut their target price on Caterpillar from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Friday, August 29th. DA Davidson lifted their price target on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Finally, Oppenheimer lowered their price objective on shares of Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Two equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $457.20.

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.