Lantz Financial LLC Sells 735 Shares of Caterpillar Inc. $CAT

Key Points

• Lantz Financial LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 17.8% during the second quarter, selling 735 shares and holding 3,396 shares worth approximately $1,318,000.
• Caterpillar reported a fourth-quarter EPS of $4.72, missing analysts' expectations of $4.88, while revenue was slightly above expectations at $16.57 billion.
• Analysts have largely maintained a positive outlook on Caterpillar, with multiple firms raising their price targets to around $500 and maintaining a consensus rating of "Moderate Buy".

Lantz Financial LLC decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 17.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,396 shares of the industrial products company's stock after selling 735 shares during the quarter. Lantz Financial LLC's holdings in Caterpillar were worth $1,318,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Caterpillar by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock valued at $26,037,000 after acquiring an additional 7,125 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of Caterpillar during the first quarter worth $427,000. Charles Schwab Investment Management Inc. boosted its position 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 acquiring an additional 15,347 shares during the last quarter. Heartwood Wealth Advisors LLC increased its stake in Caterpillar by 4.2% during the 2nd quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company's stock worth $1,155,000 after buying an additional 121 shares during the period. Finally, Fiduciary Financial Group LLC lifted its stake in shares of Caterpillar by 81.2% in the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company's stock worth $748,000 after acquiring an additional 857 shares during the period. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays boosted their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their price target on Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a report on Wednesday. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 target price on the stock in a research note on Tuesday, August 19th. Melius raised shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $500.00 price objective on shares of Caterpillar in a report 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 stock. According to MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and a consensus price target of $460.20.

Insider Activity at Caterpillar

In other Caterpillar 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 transaction of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares of the company's stock, 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 can be accessed through this link. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction 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 directly owned 6,917 shares in the company, valued at $2,835,970. The trade was a 25.15% 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 over the last three months. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Down 0.1%

Shares of CAT stock traded down $0.34 on Friday, reaching $466.62. 5,066,694 shares of the stock were exchanged, compared to its average volume of 2,433,813. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The firm has a 50 day moving average of $425.21 and a two-hundred day moving average of $369.54. The stock has a market cap of $218.60 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $472.12.

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