Wealth Alliance Advisory Group LLC Has $2.36 Million Stock Position in Caterpillar Inc. $CAT

Key Points

• Wealth Alliance Advisory Group LLC increased its stake in Caterpillar Inc. by 20.7% during the second quarter, bringing its total holdings to $2.36 million worth of stock.
• Insider transactions revealed that director Susan C. Schwab sold 2,324 shares of Caterpillar stock, indicating a 25.15% decrease in her position.
• Caterpillar's earnings report showed a missed EPS estimate of $4.88, with actual earnings at $4.72, despite generating $16.57 billion in revenue during the last quarter.

Wealth Alliance Advisory Group LLC lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,084 shares of the industrial products company's stock after buying an additional 1,042 shares during the quarter. Wealth Alliance Advisory Group LLC's holdings in Caterpillar were worth $2,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Caterpillar by 2.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 29 shares during the last quarter. McIlrath & Eck LLC raised its stake in Caterpillar by 3.2% during the 4th quarter. McIlrath & Eck LLC now owns 962 shares of the industrial products company's stock valued at $349,000 after purchasing an additional 30 shares during the last quarter. Allen Wealth Management LLC raised its stake in Caterpillar by 0.8% during the 1st quarter. Allen Wealth Management LLC now owns 4,010 shares of the industrial products company's stock valued at $1,322,000 after purchasing an additional 30 shares during the last quarter. Warwick Investment Management Inc. raised its stake in Caterpillar by 2.6% during the 1st quarter. Warwick Investment Management Inc. now owns 1,167 shares of the industrial products company's stock valued at $385,000 after purchasing an additional 30 shares during the last quarter. Finally, Compass Financial Services Inc raised its stake in Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 31 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 2,161 shares of the company'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 sale, the insider owned 8,632 shares of the company's stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 2,324 shares of the company's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total transaction of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,653 shares of company stock valued at $8,943,642. 0.33% of the stock is owned by insiders.

Caterpillar Stock Down 0.1%

CAT opened at $431.10 on Friday. The firm's 50-day simple moving average is $420.04 and its 200-day simple moving average is $365.32. 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 twelve month low of $267.30 and a twelve month high of $441.15. 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.

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 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 firm had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. During the same period in the previous year, the company posted $5.99 EPS. The firm's revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on CAT shares. Robert W. Baird cut their target price on shares of Caterpillar from $500.00 to $495.00 and set an "outperform" rating for the company in a research note on Friday, August 29th. Melius Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Jefferies Financial Group reiterated a "buy" rating and set a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Barclays upped their target price 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 increased their price objective on shares of Caterpillar from $460.00 to $500.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two equities research 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. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus price target of $457.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.