621 Shares in Caterpillar Inc. $CAT Bought by GK Wealth Management LLC

Key Points

• GK Wealth Management LLC acquired 621 shares of Caterpillar Inc., valued at approximately $241,000, during the second quarter.
• Insider sales included Susan C. Schwab selling 2,324 shares and Donald J. Umpleby III selling 17,168 shares, indicating a decrease in their ownership positions.
• The consensus rating for Caterpillar's stock is "Moderate Buy," with an average target price of $457.20 according to multiple analysts' reports.

GK Wealth Management LLC bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 621 shares of the industrial products company's stock, valued at approximately $241,000.

Several other large investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in 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 valued at $472,000 after acquiring an additional 29 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in Caterpillar by 3.2% in the fourth quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock valued at $349,000 after acquiring an additional 30 shares in the last quarter. Allen Wealth Management LLC boosted its holdings in Caterpillar by 0.8% in the first quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company's stock valued at $1,322,000 after acquiring an additional 30 shares in the last quarter. Warwick Investment Management Inc. boosted its holdings in Caterpillar by 2.6% in the first quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company's stock valued at $385,000 after acquiring an additional 30 shares in the last quarter. Finally, Compass Financial Services Inc boosted its holdings 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 acquiring an additional 31 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Activity

In other news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the transaction, the director directly 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 can be accessed through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the 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 transaction, the chairman owned 482,505 shares of the company's stock, valued at $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research reports. Robert W. Baird dropped their target price on shares of Caterpillar from $500.00 to $495.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Truist Financial boosted their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Barclays boosted their target price on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. DA Davidson boosted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Oppenheimer dropped their target price on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Two 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 company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $457.20.

Caterpillar Trading Down 0.1%

CAT stock opened at $431.10 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The company has a market capitalization of $201.96 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $441.15. The business has a 50 day simple moving average of $420.04 and a two-hundred day simple moving average of $365.49.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results 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). 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 firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.99 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar 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.

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