Reyes Financial Architecture Inc. Purchases 239 Shares of Caterpillar Inc. $CAT

Reyes Financial Architecture Inc. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,553 shares of the industrial products company’s stock after purchasing an additional 239 shares during the period. Reyes Financial Architecture Inc.’s holdings in Caterpillar were worth $603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $33,000. Compass Financial Services Inc raised its holdings in shares of Caterpillar by 49.2% in the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $36,000. Mattson Financial Services LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $39,000. Finally, Curat Global LLC acquired a new position in shares of Caterpillar in the 1st quarter worth approximately $33,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Up 1.0%

NYSE:CAT opened at $435.62 on Tuesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-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 market capitalization of $204.08 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.62 and a beta of 1.41. The stock’s fifty day simple moving average is $420.93 and its 200-day simple moving average is $366.13.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the prior year, the business earned $5.99 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CAT. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. Truist Financial increased their target price on Caterpillar from $414.00 to $507.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Melius raised Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price for the company in a report on Wednesday, July 9th. Barclays increased their target price on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Finally, Oppenheimer dropped their target price on Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Two 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 stock. Based on data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and an average target price of $457.20.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction 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 sale, the chairman directly owned 482,505 shares in the company, valued at $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 21,653 shares of company stock worth $8,943,642 in the last three months. Insiders own 0.33% of the company’s stock.

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.