Caterpillar Inc. $CAT Shares Acquired by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in Caterpillar Inc. by 39.3%, acquiring an additional 11,384 shares, bringing its total holdings to 40,378 shares valued at $13.3 million.
• Insider activity includes significant sales from Jason Kaiser and Chairman Donald J. Umpleby III, with Kaiser selling 2,161 shares and Umpleby selling 17,168 shares recently.
• Caterpillar's stock performance shows a 1-year high of $441.15 and a low of $267.30, with the latest earnings report revealing an EPS of $4.72, below the consensus estimate of $4.88.

Woodline Partners LP lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 39.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,378 shares of the industrial products company's stock after buying an additional 11,384 shares during the quarter. Woodline Partners LP's holdings in Caterpillar were worth $13,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV acquired a new stake in shares of Caterpillar during the fourth quarter worth approximately $33,000. Curat Global LLC acquired a new stake in shares of Caterpillar during the first quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the first quarter worth approximately $33,000. Mpwm Advisory Solutions LLC acquired a new position in Caterpillar in the fourth quarter worth $36,000. Finally, Mattson Financial Services LLC acquired a new position in Caterpillar in the fourth quarter worth $39,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of Caterpillar 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 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 disclosure for this sale can be found here. Insiders have sold a total of 21,653 shares of company stock worth $8,943,642 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

Shares of CAT opened at $422.77 on Thursday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15. The company has a market cap of $198.06 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.54 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The firm has a fifty day moving average of $418.76 and a 200-day moving average of $363.91.

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 (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 firm had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the firm posted $5.99 EPS. The business's revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on CAT shares. Robert W. Baird decreased their price objective on shares of Caterpillar from $500.00 to $495.00 and set an "outperform" rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Caterpillar in a report on Friday, August 29th. 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. Finally, DA Davidson lifted their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. 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 stock. According to data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $457.20.

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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