Intrua Financial LLC Sells 604 Shares of 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 cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jacobi Capital Management LLC boosted its holdings in Caterpillar by 1.2% during the first quarter. Jacobi Capital Management LLC now owns 12,416 shares of the industrial products company's stock worth $4,095,000 after purchasing an additional 149 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in Caterpillar by 2.3% during the first quarter. Advisors Capital Management LLC now owns 72,184 shares of the industrial products company's stock worth $23,806,000 after purchasing an additional 1,636 shares during the last quarter. Iron Gate Global Advisors LLC boosted its holdings in Caterpillar by 3.5% during the first quarter. Iron Gate Global Advisors LLC now owns 4,488 shares of the industrial products company's stock worth $1,480,000 after purchasing an additional 150 shares during the last quarter. Rollins Financial Advisors LLC boosted its holdings in Caterpillar by 3.4% during the first quarter. Rollins Financial Advisors LLC now owns 7,440 shares of the industrial products company's stock worth $2,454,000 after purchasing an additional 242 shares during the last quarter. Finally, Indiana Trust & Investment Management Co boosted its holdings in Caterpillar by 2.1% during the first quarter. Indiana Trust & Investment Management Co now owns 7,454 shares of the industrial products company's stock worth $2,458,000 after purchasing an additional 155 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Price Performance

NYSE CAT traded up $14.51 on Thursday, hitting $465.17. The stock had a trading volume of 1,922,010 shares, compared to its average volume of 2,731,112. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $466.61. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The company has a market capitalization of $217.92 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.41. The firm has a 50-day moving average of $422.81 and a 200-day moving average of $367.22.

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 (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 analysts' expectations of $16.14 billion. During the same quarter in the prior year, the company earned $5.99 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider owned 8,632 shares of the company's stock, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction on 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 completion of the transaction, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. The trade was 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 valued at $8,943,642 in the last quarter. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Melius Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target on the stock in a report on Wednesday, July 9th. Barclays increased their target price on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Robert W. Baird increased their target price on shares of Caterpillar from $495.00 to $540.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Evercore ISI raised shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price for the company in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and a consensus target price of $460.20.

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.