Caterpillar Inc. $CAT Shares Acquired by Pure Financial Advisors LLC

Key Points

• Pure Financial Advisors LLC increased its stake in Caterpillar Inc. by 66.7% during the second quarter, now owning 18,650 shares valued at approximately $7.24 million.
• Caterpillar's stock performance has been positive, with recent analyst upgrades raising price targets, including JPMorgan Chase's increase from $475.00 to $520.00.
• Insider transactions included significant sales from Chairman Donald J. Umpleby III and Director Susan C. Schwab, reducing their shares by 3.44% and 25.15% respectively.

Pure Financial Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 66.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,650 shares of the industrial products company's stock after purchasing an additional 7,463 shares during the period. Pure Financial Advisors LLC's holdings in Caterpillar were worth $7,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new stake in Caterpillar in the second quarter valued at approximately $32,000. Compass Financial Services Inc raised its position in Caterpillar by 49.2% in 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 period. Curat Global LLC purchased a new stake in shares of Caterpillar during the first quarter worth $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Caterpillar during the first quarter worth $33,000. Finally, Maseco LLP purchased a new stake in shares of Caterpillar during the second quarter worth $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the 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 in the company, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director owned 6,917 shares of the company's stock, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock worth $16,885,492 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating on shares of Caterpillar in a research report on Tuesday, September 23rd. DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Oppenheimer upped their price objective on Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus target price of $466.53.

Caterpillar Stock Performance

NYSE CAT opened at $480.99 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The company has a market capitalization of $225.33 billion, a PE ratio of 24.47, a P/E/G ratio of 2.90 and a beta of 1.46. The company has a fifty day moving average of $434.48 and a two-hundred day moving average of $376.35.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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 company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter in the prior year, the company earned $5.99 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current 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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