Caterpillar Inc. $CAT Shares Purchased by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,298 shares of the industrial products company's stock after acquiring an additional 713 shares during the period. Wealthcare Advisory Partners LLC's holdings in Caterpillar were worth $5,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in Caterpillar by 2,723.1% during the 1st quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock valued at $466,430,000 after purchasing an additional 1,364,183 shares in the last quarter. Nuveen LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $391,788,000. Assenagon Asset Management S.A. grew its position in shares of Caterpillar by 546.6% during the second quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company's stock worth $327,297,000 after buying an additional 712,711 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Caterpillar by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company's stock worth $1,064,951,000 after buying an additional 268,300 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Caterpillar by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company's stock valued at $1,386,626,000 after acquiring an additional 264,054 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Erste Group Bank raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Friday. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. Bank of America boosted their price objective on Caterpillar from $495.00 to $517.00 and gave the company a "buy" rating in a report on Monday, September 22nd. Jefferies Financial Group reaffirmed a "buy" rating and set a $500.00 target price on shares of Caterpillar in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. lifted their target price on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $466.53.

Caterpillar Trading Up 1.6%

Shares of NYSE:CAT opened at $498.48 on Monday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $504.48. 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 company has a market cap of $233.53 billion, a PE ratio of 25.35, a P/E/G ratio of 3.03 and a beta of 1.46. The company's 50-day moving average price is $436.99 and its 200 day moving average price is $379.06.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. 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 posted $5.99 EPS. The business's quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares of the company's stock, 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 at the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,819 shares of company stock valued at $16,885,492. Company insiders own 0.33% of the company's stock.

Caterpillar 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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