LVW Advisors LLC Has $597,000 Holdings in Caterpillar Inc. $CAT

Key Points

• LVW Advisors LLC has reduced its holdings in Caterpillar Inc. by 28.3%, owning 1,538 shares valued at $597,000 at the end of the last quarter.
• Insiders, including Director Susan C. Schwab and Chairman Donald J. Umpleby III, sold a total of 38,819 shares worth approximately $16.9 million in recent transactions.
• Caterpillar's stock has been upgraded by multiple analysts, with Bank of America raising its price target from $495 to $517 while maintaining a "buy" rating.

LVW Advisors LLC reduced its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 28.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,538 shares of the industrial products company's stock after selling 608 shares during the period. LVW Advisors LLC's holdings in Caterpillar were worth $597,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CAT. Pacer Advisors Inc. boosted its holdings in shares of Caterpillar by 2,723.1% in the 1st 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 in the last quarter. Nuveen LLC acquired a new position in Caterpillar in the first quarter worth $391,788,000. Assenagon Asset Management S.A. grew its holdings in shares of Caterpillar by 546.6% during the second quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company's stock worth $327,297,000 after purchasing an additional 712,711 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Caterpillar by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company's stock valued at $1,064,951,000 after buying an additional 268,300 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Caterpillar by 6.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company's stock worth $1,386,626,000 after buying an additional 264,054 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the business's stock in a transaction dated 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 owned 482,505 shares in the company, valued at approximately $199,211,839.35. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock worth $16,885,492 over the last 90 days. Insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of CAT opened at $466.06 on Friday. The stock has a market capitalization of $218.34 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.83 and a beta of 1.41. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34. The company has a 50 day moving average of $430.98 and a 200-day moving average of $373.71. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly 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 net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period in the prior year, the business earned $5.99 EPS. The company's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. Bank of America raised their price objective on shares of Caterpillar from $495.00 to $517.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. Citigroup reissued a "buy" rating on shares of Caterpillar in a report on Tuesday. Sanford C. Bernstein restated a "market perform" rating on shares of Caterpillar in a research report on Monday, July 14th. Robert W. Baird upped 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, September 17th. Finally, Jefferies Financial Group restated a "buy" rating and set a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. Two 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 stock. Based on data from MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and an average price target of $464.33.

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.

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