Caterpillar Inc. $CAT Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Caterpillar Inc. by 534.5%, acquiring an additional 120,540 shares to hold a total of 143,092 shares valued at approximately $55.55 million.
• Insider transactions revealed that Caterpillar's Chairman, Donald J. Umpleby III, sold 17,168 shares for about $7.09 million, reducing his holdings by 3.44%.
• Recent analyst ratings for Caterpillar have been positive, with price targets ranging from $414 to $507, reflecting a consensus rating of "Moderate Buy" with an average target of $457.20.

Livforsakringsbolaget Skandia Omsesidigt boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 534.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,092 shares of the industrial products company's stock after buying an additional 120,540 shares during the period. Caterpillar makes up about 0.1% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 11th biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Caterpillar were worth $55,550,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Investment Management Corp VA ADV purchased a new position in Caterpillar in the fourth quarter worth $33,000. Compass Financial Services Inc grew its stake in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock worth $31,000 after purchasing an additional 31 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Caterpillar in the 4th quarter valued at about $36,000. Mattson Financial Services LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $39,000. Finally, Curat Global LLC acquired a new position in Caterpillar during the first quarter worth about $33,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of several research reports. Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Citigroup raised their price target on Caterpillar from $460.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Barclays increased their price objective on Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $460.20.

Caterpillar Trading Up 3.8%

NYSE:CAT traded up $16.97 on Thursday, hitting $467.63. 4,330,366 shares of the stock were exchanged, compared to its average volume of 2,745,638. The stock has a fifty day moving average of $423.99 and a 200-day moving average of $368.16. The stock has a market cap of $219.08 billion, a PE ratio of 23.79, a PEG ratio of 2.68 and a beta of 1.41. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $467.71.

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 return on equity of 48.95% and a net margin of 14.95%.The firm had revenue of $16.57 billion for the quarter, compared to analysts' expectations of $16.14 billion. During the same quarter in the previous year, the firm posted $5.99 EPS. The firm's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Transactions at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm's stock in a transaction 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 transaction, the chairman owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their position. The sale 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 company'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 sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold 21,653 shares of company stock valued at $8,943,642 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

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.