Arete Wealth Advisors LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 26.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,063 shares of the industrial products company's stock after purchasing an additional 1,916 shares during the period. Arete Wealth Advisors LLC's holdings in Caterpillar were worth $2,989,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of CAT. GAMMA Investing LLC lifted its holdings in Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock worth $1,230,239,000 after buying an additional 3,721,693 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Caterpillar by 2,723.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock worth $466,430,000 after buying an additional 1,364,183 shares during the last quarter. Nuveen LLC bought a new position in Caterpillar during the 1st quarter worth approximately $391,788,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Caterpillar by 8.6% during the 4th 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 worth $1,429,416,000 after buying an additional 312,878 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Caterpillar during the 4th quarter worth approximately $108,958,000. Institutional investors own 70.98% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Bank of America increased their price target on Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Truist Financial increased their price target on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. UBS Group upgraded Caterpillar from a "sell" rating to a "neutral" rating and increased their price target for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. JPMorgan Chase & Co. increased their price target on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $457.20.
Check Out Our Latest Stock Analysis on CAT
Caterpillar Price Performance
Shares of CAT stock traded down $0.28 during mid-day trading on Friday, hitting $431.10. 2,341,271 shares of the stock traded hands, compared to its average volume of 2,399,245. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $441.15. The firm has a market cap of $201.96 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.62 and a beta of 1.41. The company's 50-day simple moving average is $420.04 and its 200-day simple moving average is $365.16. 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 (NYSE:CAT - Get Free Report) last issued 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 net margin of 14.95% and a return on equity of 48.95%. The firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the business posted $5.99 earnings per share. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Insider Activity
In other news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares of the company's stock, valued at $3,605,586.40. This trade represents a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 of the company's stock, valued at approximately $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 have sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is owned by company insiders.
About Caterpillar
(
Free Report)
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.
Read More

Before you consider Caterpillar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Caterpillar wasn't on the list.
While Caterpillar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report