Stockman Wealth Management Inc. Has $15.78 Million Holdings in Caterpillar Inc. $CAT

Key Points

• Stockman Wealth Management Inc. increased its holdings in Caterpillar Inc. by 3.2% during the second quarter, owning 40,649 shares valued at approximately $15.78 million.
• Caterpillar's recent earnings report showed an EPS of $4.72, which fell short of analysts' expectations, yet the company's revenue of $16.57 billion exceeded forecasts.
• The stock is currently rated as a "Moderate Buy" with a consensus target price of $464.33, according to various analyst reports.

Stockman Wealth Management Inc. lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,649 shares of the industrial products company's stock after purchasing an additional 1,242 shares during the period. Caterpillar accounts for 2.1% of Stockman Wealth Management Inc.'s holdings, making the stock its 14th biggest holding. Stockman Wealth Management Inc.'s holdings in Caterpillar were worth $15,780,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Guardian Investment Management raised its stake in Caterpillar by 8.7% during the second quarter. Guardian Investment Management now owns 4,987 shares of the industrial products company's stock worth $1,936,000 after buying an additional 400 shares during the last quarter. Avior Wealth Management LLC raised its stake in Caterpillar by 22.4% during the second quarter. Avior Wealth Management LLC now owns 3,304 shares of the industrial products company's stock worth $1,283,000 after buying an additional 605 shares during the last quarter. XY Planning Network Inc. bought a new position in Caterpillar during the second quarter worth $282,000. Uncommon Cents Investing LLC raised its stake in Caterpillar by 11.7% during the second quarter. Uncommon Cents Investing LLC now owns 3,410 shares of the industrial products company's stock worth $1,324,000 after buying an additional 357 shares during the last quarter. Finally, BayBridge Capital Group LLC raised its stake in Caterpillar by 2.8% during the second quarter. BayBridge Capital Group LLC now owns 4,598 shares of the industrial products company's stock worth $1,785,000 after buying an additional 125 shares during the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Stock Up 0.5%

Shares of NYSE 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. The company has a 50-day moving average price of $430.98 and a 200-day moving average price of $373.71. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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). 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 quarter in the prior year, the business earned $5.99 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. Jefferies Financial Group reissued a "buy" rating and set a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Robert W. Baird lifted their target price on shares of Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Bank of America lifted their price target on shares of Caterpillar from $495.00 to $517.00 and gave the company a "buy" rating in a research note on Monday, September 22nd. Finally, Citigroup reaffirmed 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 given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $464.33.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the transaction, the insider directly owned 8,632 shares in the company, valued at $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares in the company, valued at approximately $199,211,839.35. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock worth $16,885,492 in the last 90 days. Insiders own 0.33% of the company's stock.

Caterpillar Company 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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