QTR Family Wealth LLC Acquires 31 Shares of Caterpillar Inc. $CAT

QTR Family Wealth LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 3.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 849 shares of the industrial products company’s stock after buying an additional 31 shares during the period. QTR Family Wealth LLC’s holdings in Caterpillar were worth $329,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after buying an additional 7,125 shares in the last quarter. Ransom Advisory Ltd bought a new stake in Caterpillar in the 1st quarter valued at about $427,000. Charles Schwab Investment Management Inc. increased its position in Caterpillar by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company’s stock valued at $1,089,798,000 after buying an additional 15,347 shares in the last quarter. Heartwood Wealth Advisors LLC increased its position in Caterpillar by 4.2% in the 2nd quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company’s stock valued at $1,155,000 after buying an additional 121 shares in the last quarter. Finally, Fiduciary Financial Group LLC increased its position in Caterpillar by 81.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company’s stock valued at $748,000 after buying an additional 857 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock worth $16,885,492 in the last 90 days. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

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

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share 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 business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter in the previous year, the firm earned $5.99 EPS. Caterpillar’s quarterly revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CAT shares. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Jefferies Financial Group reissued a “buy” rating and set a $500.00 price objective on shares of Caterpillar in a report on Friday, August 29th. Citigroup reissued a “buy” rating on shares of Caterpillar in a report on Tuesday, September 23rd. Finally, Bank of America boosted their price objective on Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $466.53.

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.