BCO Wealth Management LLC Takes Position in Caterpillar Inc. $CAT

Key Points

• BCO Wealth Management LLC acquired a new stake in Caterpillar Inc., purchasing 592 shares valued at approximately $230,000 during the second quarter.
• Insiders, including Jason Kaiser and Susan C. Schwab, sold significant amounts of CAT stock recently, indicating a 20.02% decrease in Kaiser's ownership and a 25.15% decrease in Schwab's ownership.
• Caterpillar's stock hit a twelve-month high of $485.34, but reported earnings of $4.72 per share, missing analyst estimates by $0.16 for the quarter ending August 5th.

BCO Wealth Management LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 592 shares of the industrial products company's stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at $32,000. Compass Financial Services Inc increased its stake 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 valued at $31,000 after buying an additional 31 shares during the period. Curat Global LLC acquired a new stake in shares of Caterpillar during the first quarter worth $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the first quarter worth $33,000. Finally, Maseco LLP acquired a new stake in shares of Caterpillar during the second quarter worth $45,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 8,632 shares of the company's stock, valued at $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction that occurred 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 approximately $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock valued at $16,885,492 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $477.03 on Wednesday. The business's 50 day moving average price is $433.41 and its two-hundred day moving average price is $375.62. The company has a market cap of $223.48 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.41. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $5.99 EPS. On average, analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CAT. DA Davidson lifted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Truist Financial lifted their price objective on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Oppenheimer lifted their price objective on Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, Evercore ISI raised Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a research note on Tuesday, August 19th. Two research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $466.53.

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.

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