1,069 Shares in Caterpillar Inc. $CAT Bought by Adamsbrown Wealth Consultants LLC

Key Points

• Adamsbrown Wealth Consultants LLC invested $415,000 in Caterpillar Inc., acquiring 1,069 shares during the second quarter, as reported in their Form 13F filing with the SEC.
• Research analysts have raised their price targets for Caterpillar, with estimates ranging from $500 to $520, leading to a consensus rating of "Moderate Buy."
• Caterpillar's second quarter earnings missed expectations, reporting $4.72 earnings per share against a consensus estimate of $4.88, while revenue was slightly above analyst forecasts at $16.57 billion.

Adamsbrown Wealth Consultants LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,069 shares of the industrial products company's stock, valued at approximately $415,000.

A number of other hedge funds also recently made changes to their positions in CAT. GAMMA Investing LLC lifted its position in shares of Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Caterpillar by 2,723.1% in the first quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock valued at $466,430,000 after buying an additional 1,364,183 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Caterpillar in the first quarter valued at approximately $391,788,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Caterpillar by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock valued at $1,429,416,000 after buying an additional 312,878 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $108,958,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI raised Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price target for the company in a report on Tuesday, August 19th. Robert W. Baird lifted their price target on Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a report on Wednesday. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target for the company in a report on Wednesday, July 9th. Bank of America lifted their price target on Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $500.00 price target on shares of Caterpillar in a report on Friday, August 29th. Two investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $460.20.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction 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 owned 6,917 shares of the company's stock, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business'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 transaction, the chairman directly owned 482,505 shares of the company's stock, valued at $199,211,839.35. This trade represents a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,653 shares of company stock valued at $8,943,642. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of Caterpillar stock traded down $1.03 during trading on Friday, reaching $465.93. 2,188,071 shares of the company's stock were exchanged, compared to its average volume of 2,742,236. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $472.12. The company has a market cap of $218.28 billion, a P/E ratio of 23.65, a PEG ratio of 2.74 and a beta of 1.41. The firm's 50-day moving average price is $423.99 and its 200 day moving average price is $368.16.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the firm posted $5.99 EPS. Caterpillar's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current 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.