750 Shares in Caterpillar Inc. $CAT Bought by Waypoint Wealth Partners Inc.

Key Points

• Waypoint Wealth Partners Inc. has acquired a new stake in Caterpillar Inc., purchasing 750 shares valued at approximately $291,000 in the 2nd quarter.
• Caterpillar reported earnings of $4.72 per share for the last quarter, missing estimates by $0.16, with a revenue of $16.57 billion, down 0.7% year-over-year.
• Securities analysts have a consensus rating of "Moderate Buy" for Caterpillar, with target prices varying from $460 to $507.

Waypoint Wealth Partners Inc. purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 750 shares of the industrial products company's stock, valued at approximately $291,000.

Several other hedge funds have also made changes to their positions in CAT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Caterpillar by 9.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company's stock worth $26,037,000 after acquiring an additional 7,125 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Caterpillar during the 1st quarter valued at about $427,000. Charles Schwab Investment Management Inc. raised its position 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 valued at $1,089,798,000 after acquiring an additional 15,347 shares in the last quarter. Heartwood Wealth Advisors LLC increased its stake in shares of Caterpillar by 4.2% during the 2nd quarter. Heartwood Wealth Advisors LLC now owns 2,975 shares of the industrial products company's stock worth $1,155,000 after purchasing an additional 121 shares during the last quarter. Finally, Fiduciary Financial Group LLC boosted its holdings in Caterpillar by 81.2% in the second quarter. Fiduciary Financial Group LLC now owns 1,913 shares of the industrial products company's stock worth $748,000 after purchasing an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the business's stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company's stock in a transaction that occurred on 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 sale, the chairman directly owned 482,505 shares of the company's stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,653 shares of company stock worth $8,943,642 over the last quarter. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on CAT shares. Robert W. Baird upped their price target on Caterpillar from $495.00 to $540.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays raised their target price on Caterpillar from $383.00 to $425.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Melius upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Truist Financial raised their price target on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two investment 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 stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and an average price target of $460.20.

Caterpillar Trading Down 0.1%

Shares of CAT stock traded down $0.34 during mid-day trading on Friday, reaching $466.62. The stock had a trading volume of 5,066,694 shares, compared to its average volume of 2,369,601. The firm has a market capitalization of $218.60 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.41. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $472.12. The stock's 50-day moving average price is $425.21 and its two-hundred day moving average price is $369.34. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

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

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.