Inspire Investing LLC Has $15.18 Million Holdings in Caterpillar Inc. $CAT

Key Points

• Inspire Investing LLC increased its stake in Caterpillar Inc. by 6.7%, now owning 46,037 shares valued at approximately $15.18 million.
• Chairman Donald J. Umpleby III sold 17,168 shares valued at over $7 million, representing a decrease of 3.44% in his ownership.
• Analysts have recently upgraded Caterpillar's price targets, with Citigroup raising their target from $460 to $500, reflecting a positive outlook on the stock.

Inspire Investing LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,037 shares of the industrial products company's stock after acquiring an additional 2,873 shares during the period. Caterpillar makes up about 1.8% of Inspire Investing LLC's holdings, making the stock its 4th biggest position. Inspire Investing LLC's holdings in Caterpillar were worth $15,183,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Caterpillar by 6.7% during the 1st 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 buying an additional 264,054 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Caterpillar by 8.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,940,391 shares of the industrial products company's stock worth $1,429,416,000 after purchasing an additional 312,878 shares during the last quarter. GAMMA Investing LLC boosted its position in Caterpillar by 43,447.3% during the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Caterpillar by 0.5% in the first 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 buying an additional 15,347 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Caterpillar by 9.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company's stock valued at $1,064,951,000 after acquiring an additional 268,300 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction on Friday, August 15th. The shares were 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 in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the business'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 directly owned 8,632 shares in the company, valued at $3,605,586.40. The trade was a 20.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,653 shares of company stock valued at $8,943,642. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAT shares. Melius Research upgraded Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target on the stock in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Robert W. Baird upped their price target on shares of Caterpillar from $495.00 to $540.00 and gave the company an "outperform" rating in a report on Wednesday. Bank of America boosted their price objective on shares of Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, Oppenheimer dropped their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $460.20.

Caterpillar Stock Up 1.7%

CAT traded up $7.35 on Wednesday, hitting $448.02. The company had a trading volume of 1,713,285 shares, compared to its average volume of 2,720,649. The stock has a fifty day simple moving average of $421.85 and a 200-day simple moving average of $366.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a market capitalization of $209.89 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.65 and a beta of 1.41. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $450.70.

Caterpillar (NYSE:CAT - Get Free Report) last announced its 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 return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same period in the prior year, the company posted $5.99 EPS. The firm's revenue was down .7% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.