Caitlin John LLC Purchases New Holdings in Caterpillar Inc. $CAT

Key Points

• Caitlin John LLC acquired a new stake in Caterpillar Inc., purchasing 873 shares valued at approximately $339,000 in the second quarter.
• Caterpillar reported a third-quarter EPS of $4.72, missing analysts' expectations, with revenues slightly down by 0.7% year-over-year at $16.57 billion.
• Insider trades indicated that senior executives sold a cumulative total of 21,653 shares worth nearly $8.9 million in the past 90 days.

Caitlin John LLC purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 873 shares of the industrial products company's stock, valued at approximately $339,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Capital Wealth Advisors raised its holdings in Caterpillar by 0.8% in the second quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company's stock worth $1,388,000 after buying an additional 27 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Caterpillar by 2.4% in 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 during the last quarter. Allen Wealth Management LLC raised its holdings in Caterpillar by 0.8% in the first quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company's stock worth $1,322,000 after buying an additional 30 shares during the last quarter. Warwick Investment Management Inc. raised its holdings in Caterpillar by 2.6% in the first quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company's stock worth $385,000 after buying an additional 30 shares during the last quarter. Finally, Southland Equity Partners LLC raised its holdings in Caterpillar by 3.3% in the second quarter. Southland Equity Partners LLC now owns 929 shares of the industrial products company's stock worth $361,000 after buying an additional 30 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

CAT stock opened at $466.62 on Monday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $472.12. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The company has a 50-day moving average price of $425.21 and a 200 day moving average price of $369.54. The stock has a market cap of $218.60 billion, a PE ratio of 23.73, a P/E/G ratio of 2.84 and a beta of 1.41.

Caterpillar (NYSE:CAT - Get Free Report) last released 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 firm had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $16.14 billion. During the same period in the prior year, the firm posted $5.99 earnings per share. Caterpillar's revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research reports. Oppenheimer decreased their price objective on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Bank of America boosted their target price on shares of Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Evercore ISI upgraded shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a research report on Tuesday, August 19th. Finally, Truist Financial boosted their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and an average price target of $460.20.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman 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 disclosure for this sale can be found here. Insiders sold 21,653 shares of company stock worth $8,943,642 in the last 90 days. 0.33% of the stock is owned by corporate insiders.

About Caterpillar

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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