Caterpillar Inc. $CAT Shares Acquired by ORG Wealth Partners LLC

Key Points

• ORG Wealth Partners LLC increased its stake in Caterpillar Inc. by 84.7% during the second quarter, owning 2,779 shares valued at approximately $1.09 million as per its recent SEC filing.
• Several analysts recently adjusted their price targets for Caterpillar, with forecasts ranging from $388 to $540, reflecting a consensus rating of "Moderate Buy".
• Insider transactions indicate a recent sale by Chairman Donald J. Umpleby III of 17,166 shares for approximately $7.94 million, reducing his holdings by 3.56%.

ORG Wealth Partners LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 84.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,779 shares of the industrial products company's stock after purchasing an additional 1,274 shares during the period. ORG Wealth Partners LLC's holdings in Caterpillar were worth $1,087,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc lifted its holdings 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 purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in shares of Caterpillar during the second quarter valued at $32,000. Curat Global LLC purchased a new stake in shares of Caterpillar during the first quarter valued at $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter valued at $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in Caterpillar during the first quarter valued at $45,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. DA Davidson raised their price target on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Oppenheimer cut their price target on Caterpillar from $493.00 to $480.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Truist Financial raised their price target on Caterpillar from $414.00 to $507.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Robert W. Baird raised their price target on Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research note 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's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $464.33.

Insider Transactions at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the sale, the chairman owned 465,339 shares of the company's stock, valued at approximately $215,289,088.35. This trade represents a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $466.06 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The business's 50 day moving average is $430.98 and its two-hundred day moving average is $373.47. The company has a market cap of $218.34 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.82 and a beta of 1.41. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $485.34.

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

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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