Motive Wealth Advisors Makes New $224,000 Investment in Caterpillar Inc. $CAT

Key Points

• Motive Wealth Advisors has made a new investment in Caterpillar Inc., purchasing 577 shares valued at approximately $224,000 in the second quarter.
• Insider transactions include Chairman Donald J. Umpleby III selling 17,166 shares for nearly $7.94 million, reducing his ownership stake by 3.56%.
• Caterpillar's stock is currently seeing interest from analysts, with price targets ranging from $425.00 to $540.00, and a general consensus rating of "Moderate Buy."

Motive Wealth Advisors purchased a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 577 shares of the industrial products company's stock, valued at approximately $224,000.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc lifted its stake in 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 purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new stake in Caterpillar in the second quarter worth $32,000. Curat Global LLC bought a new position in shares of Caterpillar during the first quarter valued at about $33,000. Redmont Wealth Advisors LLC bought a new position in shares of Caterpillar during the first quarter valued at about $33,000. Finally, Mattson Financial Services LLC bought a new position in shares of Caterpillar during the fourth quarter valued at about $39,000. 70.98% of the stock is owned by institutional investors.

Insider Activity

In other news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction that occurred 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 sale, the chairman owned 465,339 shares in the company, valued at $215,289,088.35. This represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. 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. 0.33% of the stock is currently owned by insiders.

Caterpillar Price Performance

Shares of CAT opened at $470.50 on Thursday. The stock has a market cap of $220.42 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $485.34. The firm's 50-day simple moving average is $429.02 and its two-hundred day simple moving average is $371.77.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts' consensus estimates of $4.88 by ($0.16). The business had revenue of $16.57 billion during the quarter, compared to analysts' expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.Caterpillar's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $5.99 EPS. Analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CAT has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of Caterpillar from $495.00 to $540.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Evercore ISI raised shares of Caterpillar from an "in-line" rating to an "outperform" rating and set a $476.00 price objective for the company in a research note on Tuesday, August 19th. Oppenheimer lowered their price objective on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Barclays upped their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Citigroup reissued a "buy" rating on shares of Caterpillar in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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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