Eaton Financial Holdings Company LLC Invests $417,000 in Caterpillar Inc. $CAT

Key Points

• Eaton Financial Holdings Company LLC invested $417,000 in Caterpillar Inc., acquiring 1,074 shares during the 2nd quarter.
• Insider transactions included Jason Kaiser selling 2,161 shares and Chairman Donald J. Umpleby III selling 17,168 shares, decreasing their respective ownership percentages.
• Analyst ratings for Caterpillar show a mix of opinions, with most giving a Buy rating, while target prices vary significantly among firms, ranging from $388 to $520.

Eaton Financial Holdings Company LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,074 shares of the industrial products company's stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc raised its holdings in Caterpillar by 49.2% during the first 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 in the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at about $32,000. Curat Global LLC bought a new position in shares of Caterpillar in the 1st quarter valued at approximately $33,000. Redmont Wealth Advisors LLC acquired a new stake in Caterpillar in the 1st quarter worth approximately $33,000. Finally, Mattson Financial Services LLC bought a new stake in Caterpillar during the fourth quarter worth approximately $39,000. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other news, insider Jason Kaiser sold 2,161 shares of the firm's stock in a transaction on Monday, August 11th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. 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 in the last three months. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CAT shares. Oppenheimer dropped their price target on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating on the stock in a research report on Friday, August 29th. Truist Financial raised their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. DA Davidson boosted their target price on shares of Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and an average target price of $462.87.

Caterpillar Stock Performance

Caterpillar stock opened at $471.97 on Tuesday. The firm has a market capitalization of $221.11 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.84 and a beta of 1.41. The stock has a fifty day moving average price of $426.53 and a two-hundred day moving average price of $370.38. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $473.24. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

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

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.

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.