602 Shares in Caterpillar Inc. $CAT Acquired by LongView Wealth Management

Key Points

• LongView Wealth Management has acquired 602 shares of Caterpillar Inc. valued at approximately $234,000, as disclosed in a recent 13F filing with the SEC.
• Caterpillar's stock experienced a trading decrease of 0.1% and is currently priced at $466.62 with a market cap of $218.60 billion.
• Despite missing earnings estimates in its most recent report, Caterpillar generated $16.57 billion in revenue, exceeding analyst expectations of $16.14 billion.

LongView Wealth Management purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 602 shares of the industrial products company's stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Caterpillar by 2.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company's stock worth $472,000 after buying an additional 29 shares during the period. Allen Wealth Management LLC boosted its position in shares of Caterpillar by 0.8% in the first quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company's stock worth $1,322,000 after buying an additional 30 shares during the period. Warwick Investment Management Inc. boosted its position in shares of Caterpillar by 2.6% in the first quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company's stock worth $385,000 after buying an additional 30 shares during the period. Compass Financial Services Inc boosted its position in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock worth $31,000 after buying an additional 31 shares during the period. Finally, Summit X LLC boosted its position in shares of Caterpillar by 3.2% in the first quarter. Summit X LLC now owns 1,025 shares of the industrial products company's stock worth $338,000 after buying an additional 32 shares during the period. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CAT has been the subject of several recent analyst reports. Citigroup raised their target price on Caterpillar from $500.00 to $540.00 in a research report on Monday. DA Davidson raised their target price on Caterpillar from $331.00 to $388.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Sanford C. Bernstein reissued a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Barclays lifted their price objective on Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Melius Research raised Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $462.87.

Insider Activity at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the sale, the chairman directly owned 482,505 shares in the company, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 2,324 shares of the company's 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 completion of the sale, the director owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,653 shares of company stock worth $8,943,642 over the last three months. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

Shares of Caterpillar stock traded up $5.43 during trading on Monday, reaching $471.97. The company's stock had a trading volume of 3,179,376 shares, compared to its average volume of 2,760,849. 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 business's fifty day moving average price is $425.21 and its 200-day moving average price is $369.54. The firm has a market cap of $221.11 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. Caterpillar Inc. has a one year low of $267.30 and a one year high of $473.24.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 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 business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the previous year, the firm posted $5.99 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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.