Integrated Wealth Concepts LLC Acquires 1,840 Shares of Caterpillar Inc. $CAT

Key Points

• Integrated Wealth Concepts LLC increased its stake in Caterpillar Inc. by 10.1%, owning 20,064 shares valued at approximately $6.62 million as of its latest SEC filing.
• Caterpillar's quarterly earnings per share of $4.72 fell short of the consensus estimate of $4.88, with revenue slightly down by 0.7% year-over-year.
• The company announced a quarterly dividend increase to $1.51 per share, reflecting a 1.4% yield and a positive change from the previous dividend of $1.41.

Integrated Wealth Concepts LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 10.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,064 shares of the industrial products company's stock after acquiring an additional 1,840 shares during the period. Integrated Wealth Concepts LLC's holdings in Caterpillar were worth $6,617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. GAMMA Investing LLC lifted its holdings in Caterpillar by 43,447.3% during the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock worth $1,230,239,000 after buying an additional 3,721,693 shares during the period. Pacer Advisors Inc. lifted its holdings 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 worth $466,430,000 after buying an additional 1,364,183 shares during the period. Nuveen LLC acquired a new position in Caterpillar during the 1st quarter worth about $391,788,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Caterpillar by 8.6% during the 4th 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 buying an additional 312,878 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Caterpillar in the 4th quarter valued at about $108,958,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was 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 $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares in the company, valued at $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,653 shares of company stock worth $8,943,642 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 0.1%

Caterpillar stock traded down $0.35 during mid-day trading on Friday, reaching $431.03. The stock had a trading volume of 666,628 shares, compared to its average volume of 2,721,578. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $441.15. The stock's 50-day simple moving average is $419.41 and its 200-day simple moving average is $364.55. The firm has a market capitalization of $201.93 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 2.57 and a beta of 1.41.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS 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 firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the business posted $5.99 EPS. The company's revenue was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CAT shares. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research note on Monday, July 14th. Citigroup boosted their price objective on Caterpillar from $460.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Bank of America increased their target price on shares of Caterpillar from $460.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays lifted their price target on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, UBS Group raised shares of Caterpillar from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $272.00 to $357.00 in a research report on Friday, May 16th. Two equities 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $457.20.

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.