Adamsbrown Wealth Consultants LLC Makes New $415,000 Investment in Caterpillar Inc. $CAT

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 purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,069 shares of the industrial products company's stock, valued at approximately $415,000.

Several other institutional investors have also bought and sold shares of CAT. Investment Management Corp VA ADV bought a new stake in shares of Caterpillar during the 4th quarter worth about $33,000. Compass Financial Services Inc increased its stake in shares of Caterpillar by 49.2% during 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 during the period. Mpwm Advisory Solutions LLC acquired a new stake in Caterpillar in the fourth quarter worth approximately $36,000. Mattson Financial Services LLC bought a new position in Caterpillar during the 4th quarter valued at $39,000. Finally, Curat Global LLC acquired a new position in shares of Caterpillar during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Jefferies Financial Group reiterated a "buy" rating and issued a $500.00 target price on shares of Caterpillar in a report on Friday, August 29th. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Citigroup lifted their price target on shares of Caterpillar from $460.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $457.20.

Caterpillar Stock Down 0.1%

Shares of NYSE:CAT opened at $431.10 on Monday. The firm has a 50 day simple moving average of $420.04 and a 200 day simple moving average of $365.49. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The company has a market cap of $201.96 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share 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 analysts' expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.99 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction dated 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 directly owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the sale, the director owned 6,917 shares of the company's stock, valued at $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,653 shares of company stock valued at $8,943,642. Company insiders own 0.33% of the company's stock.

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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