Caterpillar Inc. $CAT Stock Holdings Increased by Paradiem LLC

Key Points

• Paradiem LLC increased its stake in Caterpillar Inc. by 5.7%, buying an additional 1,704 shares, bringing their total holdings to 31,597 shares valued at approximately $12.27 million.
• Insider trades included significant sales by CEO Donald J. Umpleby III, who sold over 17,000 shares for $7.94 million, while another insider, Jason Kaiser, sold 2,161 shares valued at nearly $902,650.
• Analyst ratings for Caterpillar are predominantly positive, with upgrades leading to a consensus price target of $466.53 and multiple analysts rating the stock as either buy or outperform.

Paradiem LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,597 shares of the industrial products company's stock after buying an additional 1,704 shares during the period. Caterpillar makes up approximately 3.1% of Paradiem LLC's holdings, making the stock its 8th largest holding. Paradiem LLC's holdings in Caterpillar were worth $12,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new stake in Caterpillar during the 2nd quarter valued at $32,000. Compass Financial Services Inc raised its holdings in Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock valued at $31,000 after buying an additional 31 shares during the period. Curat Global LLC purchased a new stake in Caterpillar during the 1st quarter valued at $33,000. Redmont Wealth Advisors LLC purchased a new stake in Caterpillar during the 1st quarter valued at $33,000. Finally, Maseco LLP purchased a new stake in Caterpillar during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction dated 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. This trade represents 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 this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $462.65, for a total value of $7,941,849.90. Following the sale, the chairman directly owned 465,339 shares in the company, valued at approximately $215,289,088.35. The trade was a 3.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock valued at $16,885,492 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CAT. Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. Citigroup reiterated a "buy" rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price on the stock in a research note on Tuesday, August 19th. DA Davidson increased their target price on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Oppenheimer increased their target price on Caterpillar from $480.00 to $513.00 and gave the stock an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Caterpillar currently has an average rating of "Moderate Buy" and a consensus price target of $466.53.

Caterpillar Price Performance

CAT opened at $471.68 on Tuesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $485.34. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The business's fifty day simple moving average is $432.21 and its 200-day simple moving average is $374.91. The company has a market capitalization of $220.97 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 2.83 and a beta of 1.41.

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

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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