Intrua Financial LLC Has $265,000 Holdings in Caterpillar Inc. $CAT

Key Points

• Intrua Financial LLC has reduced its holdings in Caterpillar Inc. by 42.9%, now owning shares worth $265,000 after selling 604 shares.
• Multiple hedge funds, including MIRAE ASSET GLOBAL ETFS HOLDINGS and Charles Schwab Investment Management, have increased their stakes in Caterpillar, indicating significant institutional interest.
• Caterpillar recently had an earnings report that showed a missed EPS estimate of $4.72 compared to the consensus estimate of $4.88, while revenue increased to $16.57 billion.

Intrua Financial LLC lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 805 shares of the industrial products company's stock after selling 604 shares during the period. Intrua Financial LLC's holdings in Caterpillar were worth $265,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Caterpillar by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock worth $26,037,000 after buying an additional 7,125 shares during the last quarter. Victrix Investment Advisors bought a new position in Caterpillar during the fourth quarter worth $2,090,000. Charles Schwab Investment Management Inc. raised its stake in Caterpillar by 0.5% during 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 last quarter. Ransom Advisory Ltd bought a new position in Caterpillar during the first quarter worth $427,000. Finally, Pacific Point Advisors LLC bought a new position in Caterpillar during the fourth quarter worth $579,000. Institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 of the company's stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,653 shares of company stock valued at $8,943,642 over the last three months. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" 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. Bank of America lifted their price target on shares of Caterpillar from $460.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Melius Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Finally, Oppenheimer decreased their price target on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Two equities research 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. According to MarketBeat, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus target price of $457.20.

Caterpillar Trading Down 0.1%

NYSE:CAT opened at $431.10 on Friday. 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 50-day moving average of $420.04 and a 200-day moving average of $365.16. The company has a market cap of $201.96 billion, a PE ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.41. Caterpillar Inc. has a one year low of $267.30 and a one year high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion for 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 company's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.99 earnings per share. As a group, equities research 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.

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