Lifelong Wealth Advisors Inc. Makes New Investment in Caterpillar Inc. $CAT

Key Points

• Lifelong Wealth Advisors Inc. has acquired 604 shares of Caterpillar Inc. (CAT), valued at approximately $234,000, as reported in their latest Form 13F filing.
• Caterpillar shares have received mixed ratings from analysts, with price targets ranging from $388.00 to $500.00, and an average rating of "Moderate Buy."
• Insider trading activity shows significant sales, with Director Susan C. Schwab selling 2,324 shares and Chairman Donald J. Umpleby III selling 17,168 shares recently.

Lifelong Wealth Advisors Inc. bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 604 shares of the industrial products company's stock, valued at approximately $234,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Caterpillar by 43,447.3% in the first quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company's stock valued at $1,230,239,000 after acquiring an additional 3,721,693 shares during the period. Pacer Advisors Inc. lifted its holdings in Caterpillar by 2,723.1% during the first quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company's stock worth $466,430,000 after acquiring an additional 1,364,183 shares during the period. Nuveen LLC bought a new stake in Caterpillar during the first quarter worth $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 fourth 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 acquiring an additional 312,878 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Caterpillar during the fourth quarter worth $108,958,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred 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 directly owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were 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 of the company's stock, valued at approximately $2,835,970. The trade was a 25.15% 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 90 days. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

Shares of CAT traded down $0.34 during trading hours on Friday, hitting $466.62. The stock had a trading volume of 5,066,694 shares, compared to its average volume of 2,369,601. 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 Inc. has a 12 month low of $267.30 and a 12 month high of $472.12. The firm has a market capitalization of $218.60 billion, a PE ratio of 23.73, a PEG ratio of 2.84 and a beta of 1.41. The stock has a fifty day moving average price of $425.21 and a 200 day moving average price of $369.34.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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). 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 the consensus estimate of $16.14 billion. During the same period in the previous year, the firm earned $5.99 EPS. The business's revenue was down .7% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

CAT has been the topic of several research reports. Jefferies Financial Group restated a "buy" rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. Evercore ISI upgraded Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective on the stock in a research note on Tuesday, August 19th. Melius Research upgraded Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. Finally, Citigroup boosted their target price on Caterpillar from $460.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $460.20.

Caterpillar 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.