Mather Group LLC. Has $7.55 Million Position in Caterpillar Inc. $CAT

Key Points

• Mather Group LLC increased its position in Caterpillar Inc. by 55.9% during the 2nd quarter, now holding 19,450 shares worth approximately $7.55 million.
• Caterpillar recently reported earnings per share of $4.72 for its last quarter, which was below analysts' expectations of $4.88, while revenue was $16.57 billion—exceeding consensus estimates.
• The stock has 70.98% of its shares owned by institutional investors, indicating strong investor confidence, with analyst ratings averaging a "Moderate Buy" with a consensus price target of $464.33.

Mather Group LLC. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 55.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,450 shares of the industrial products company's stock after purchasing an additional 6,976 shares during the period. Mather Group LLC.'s holdings in Caterpillar were worth $7,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CAT. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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. GAMMA Investing LLC lifted its position in shares of Caterpillar by 43,447.3% during the 1st 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. Charles Schwab Investment Management Inc. boosted its stake 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 purchasing an additional 268,300 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Caterpillar by 5.0% during the first quarter. Invesco Ltd. now owns 3,141,936 shares of the industrial products company's stock valued at $1,036,211,000 after purchasing an additional 150,533 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.1%

Shares of CAT opened at $471.77 on Wednesday. The firm has a market cap of $221.02 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.41. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $485.34. 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 has a 50-day moving average of $427.87 and a 200 day moving average of $371.09.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.99 earnings per share. As a group, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, 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 sale, the director directly owned 6,917 shares in the company, valued at $2,835,970. This represents a 25.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the transaction, the chairman directly owned 465,339 shares of the company's stock, valued at approximately $215,289,088.35. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CAT shares. Citigroup reiterated a "buy" rating on shares of Caterpillar in a report on Tuesday. DA Davidson raised their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Barclays upped their target price on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price on the stock in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Caterpillar currently has an average rating of "Moderate Buy" and a consensus price target of $464.33.

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.

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