B.O.S.S. Retirement Advisors LLC Invests $523,000 in Caterpillar Inc. $CAT

Key Points

• B.O.S.S. Retirement Advisors LLC has invested approximately $523,000 in Caterpillar Inc. (NYSE:CAT), acquiring 1,348 shares during the second quarter.
• Several analysts have upgraded Caterpillar's stock ratings recently, with price targets now ranging from $476 to $540, indicating a strong expectations for the company's future performance.
• In the last 90 days, insiders have sold 38,819 shares of Caterpillar stock valued at around $16.89 million, indicating potential shifts in insider confidence.

B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,348 shares of the industrial products company's stock, valued at approximately $523,000.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. GSB Wealth Management LLC raised its stake in shares of Caterpillar by 1.2% during the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company's stock worth $832,000 after buying an additional 26 shares in the last quarter. Verum Partners LLC boosted its position in shares of Caterpillar by 2.5% in the 2nd quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company's stock worth $411,000 after buying an additional 26 shares in the last quarter. Vanguard Capital Wealth Advisors grew its position in shares of Caterpillar by 0.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company's stock valued at $1,388,000 after purchasing an additional 27 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Caterpillar by 2.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company's stock worth $472,000 after buying an additional 29 shares in the last quarter. Finally, McAdam LLC boosted its stake in shares of Caterpillar by 1.6% during the second quarter. McAdam LLC now owns 1,872 shares of the industrial products company's stock valued at $727,000 after acquiring an additional 29 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CAT shares. Sanford C. Bernstein reiterated a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a research note on Tuesday, August 19th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a research note on Wednesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird raised their target price on shares of Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $466.53.

Insider Activity at Caterpillar

In related news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction 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 completion of the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock worth $16,885,492 in the last 90 days. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Up 0.8%

Shares of NYSE:CAT opened at $480.99 on Thursday. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $485.34. The company has a fifty day simple moving average of $434.48 and a 200 day simple moving average of $376.35. The firm has a market cap of $225.33 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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 business had revenue of $16.57 billion during 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%.The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.99 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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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