Brady Family Wealth LLC Grows Holdings in Caterpillar Inc. $CAT

Key Points

• Brady Family Wealth LLC increased its stake in Caterpillar Inc. by 672.7% in Q2, now holding 5,324 shares valued at approximately $2,067,000.
• Insiders have sold a significant amount of Caterpillar stock recently, with Director Susan C. Schwab and Chairman Donald J. Umpleby III selling shares totaling over $8.9 million, indicating a decrease in their ownership positions.
• Analysts have raised price targets for Caterpillar's stock, with Bank of America projecting a price of $495.00, indicating optimism about the company's future performance.

Brady Family Wealth LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 672.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,324 shares of the industrial products company's stock after purchasing an additional 4,635 shares during the quarter. Brady Family Wealth LLC's holdings in Caterpillar were worth $2,067,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Caterpillar by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock worth $26,037,000 after purchasing an additional 7,125 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Caterpillar during the 1st quarter worth about $427,000. Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,304,448 shares of the industrial products company's stock worth $1,089,798,000 after acquiring an additional 15,347 shares in the last quarter. Heartwood Wealth Advisors LLC lifted its stake in Caterpillar by 4.2% during the 2nd quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company's stock worth $1,155,000 after acquiring an additional 121 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in Caterpillar by 81.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company's stock worth $748,000 after acquiring an additional 857 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CAT shares. Evercore ISI raised Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price target on the stock in a research report on Tuesday, August 19th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a report on Wednesday, July 9th. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. DA Davidson boosted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their price objective on Caterpillar from $495.00 to $540.00 and gave the company an "outperform" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average target price of $460.20.

Caterpillar Stock Down 0.1%

CAT traded down $0.34 during trading on Friday, hitting $466.62. The company had a trading volume of 5,066,694 shares, compared to its average volume of 2,369,601. The company has a market capitalization of $218.60 billion, a PE ratio of 23.73, a PEG ratio of 2.84 and a beta of 1.41. Caterpillar Inc. has a one year low of $267.30 and a one year high of $472.12. The firm's 50-day moving average price is $425.21 and its 200 day moving average price is $369.34. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50.

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). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. During the same period last year, the firm earned $5.99 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction on 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 directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the transaction, the director owned 6,917 shares of the company's stock, valued at $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,653 shares of company stock valued at $8,943,642 in the last quarter. Insiders own 0.33% of the company's stock.

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.