TruWealth Advisors LLC Has $10.57 Million Stake in Caterpillar Inc. $CAT

Key Points

• TruWealth Advisors LLC increased its stake in Caterpillar Inc. by 12.8%, acquiring 3,079 additional shares, bringing its total holdings to $10.57 million.
• Analysts have set varied price targets for Caterpillar, with JPMorgan raising its target to $520.00, while most analysts maintain a consensus rating of "Moderate Buy."
• Insider activity has seen significant sales, with Director Susan C. Schwab selling shares valued at approximately $952,840 in August, leading to a notable decrease in ownership.

TruWealth Advisors LLC raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 12.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,214 shares of the industrial products company's stock after purchasing an additional 3,079 shares during the period. TruWealth Advisors LLC's holdings in Caterpillar were worth $10,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. RB Capital Management LLC lifted its position in shares of Caterpillar by 2.7% during the 2nd quarter. RB Capital Management LLC now owns 9,961 shares of the industrial products company's stock valued at $3,867,000 after acquiring an additional 259 shares during the period. Collective Family Office LLC acquired a new position in shares of Caterpillar during the 2nd quarter valued at $215,000. McLean Asset Management Corp lifted its position in shares of Caterpillar by 4.4% during the 2nd quarter. McLean Asset Management Corp now owns 787 shares of the industrial products company's stock valued at $313,000 after acquiring an additional 33 shares during the period. Fiduciary Financial Group LLC lifted its position in shares of Caterpillar by 81.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company's stock valued at $748,000 after acquiring an additional 857 shares during the period. Finally, Norway Savings Bank lifted its position in shares of Caterpillar by 2.9% during the 2nd quarter. Norway Savings Bank now owns 4,573 shares of the industrial products company's stock valued at $1,775,000 after acquiring an additional 128 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a "buy" rating and set a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. JPMorgan Chase & Co. boosted 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. Melius upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. Oppenheimer decreased their price target 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. Finally, Melius Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 price target for the company in a research note on Wednesday, July 9th. 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $457.20.

Caterpillar Stock Performance

NYSE CAT opened at $431.10 on Friday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $441.15. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. The firm has a market cap of $201.96 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 2.62 and a beta of 1.41. The company has a fifty day moving average price of $420.04 and a 200-day moving average price of $365.32.

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

Insider Activity at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is owned by company insiders.

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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