Talon Private Wealth LLC Acquires 2,421 Shares of Caterpillar Inc. $CAT

Key Points

• Talon Private Wealth LLC significantly increased its stake in Caterpillar Inc. by 3,271.6% in the first quarter, acquiring an additional 2,421 shares, bringing its total holdings to 2,495 shares valued at $823,000.
• Caterpillar's recent earnings report showed $4.72 earnings per share, missing analyst expectations of $4.88, while the company posted a 14.95% net margin and revenue of $16.57 billion.
• The company raised its quarterly dividend to $1.51 per share, an increase from the previous $1.41, leading to an annualized dividend yield of 1.4%.

Talon Private Wealth LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3,271.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,495 shares of the industrial products company's stock after buying an additional 2,421 shares during the quarter. Talon Private Wealth LLC's holdings in Caterpillar were worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Investment Management Corp VA ADV purchased a new position in shares of Caterpillar during the fourth quarter valued at $33,000. Curat Global LLC bought a new stake in shares of Caterpillar during the 1st quarter worth about $33,000. Redmont Wealth Advisors LLC bought a new stake in Caterpillar during the 1st quarter valued at approximately $33,000. Mpwm Advisory Solutions LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $36,000. Finally, Mattson Financial Services LLC acquired a new position in shares of Caterpillar during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 0.0%

CAT traded down $0.03 during mid-day trading on Friday, reaching $431.35. The stock had a trading volume of 813,465 shares, compared to its average volume of 2,722,512. The stock has a market capitalization of $202.08 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.57 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. The firm's fifty day simple moving average is $419.41 and its two-hundred day simple moving average is $364.55. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $441.15.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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 return on equity of 48.95% and a net margin of 14.95%.The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same quarter in the prior year, the business earned $5.99 earnings per share. The firm's revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

CAT has been the subject of several recent research reports. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Caterpillar in a report on Monday, July 14th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $500.00 price target on shares of Caterpillar in a report on Friday, August 29th. Robert W. Baird dropped their target price on Caterpillar from $500.00 to $495.00 and set an "outperform" rating for the company in a report on Friday, August 29th. Melius raised Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price for the company in a report on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on Caterpillar from $475.00 to $520.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $457.20.

Insider Transactions at Caterpillar

In other news, Chairman Donald J. Umpleby III sold 17,168 shares of the firm's stock in a transaction 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 transaction, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. This trade represents a 3.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan C. Schwab sold 2,324 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares in the company, valued at $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 in the last three months. Insiders own 0.33% of the company's stock.

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.