XY Planning Network Inc. Takes Position in Caterpillar Inc. $CAT

Key Points

• XY Planning Network Inc. acquired a new stake in Caterpillar Inc. shares, buying 726 shares valued at approximately $282,000 in the second quarter.
• Insider sales included 2,324 shares sold by Director Susan C. Schwab and 17,168 shares sold by Chairman Donald J. Umpleby III, representing decreases in their ownership positions.
• Analysts have raised target prices for Caterpillar, with Truist Financial increasing it to $507.00 and Robert W. Baird to $540.00, indicating strong buy sentiments for the stock.

XY Planning Network Inc. acquired a new stake in shares of 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 (SEC). The fund acquired 726 shares of the industrial products company's stock, valued at approximately $282,000.

Other large investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC grew its holdings in shares of Caterpillar by 11.7% in the second quarter. Uncommon Cents Investing LLC now owns 3,410 shares of the industrial products company's stock worth $1,324,000 after acquiring an additional 357 shares during the period. BayBridge Capital Group LLC lifted its holdings in shares of Caterpillar by 2.8% in the 2nd quarter. BayBridge Capital Group LLC now owns 4,598 shares of the industrial products company's stock valued at $1,785,000 after acquiring an additional 125 shares during the last quarter. Johnson Bixby & Associates LLC purchased a new stake in shares of Caterpillar in the second quarter worth approximately $202,000. Charles Schwab Trust Co lifted its holdings in Caterpillar by 20.7% during the 2nd quarter. Charles Schwab Trust Co now owns 6,026 shares of the industrial products company's stock valued at $2,339,000 after buying an additional 1,032 shares in the last quarter. Finally, SC&H Financial Advisors Inc. bought a new stake in shares of Caterpillar in the second quarter valued at about $208,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company'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 transaction, the director directly owned 6,917 shares of the company's stock, valued at $2,835,970. This represents a 25.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total value of $7,088,152.16. Following the completion of the transaction, the chairman owned 482,505 shares of the company's stock, valued at $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. In the last three months, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

NYSE CAT opened at $466.06 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average price of $430.98 and a two-hundred day moving average price of $373.99. The stock has a market capitalization of $218.34 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.41. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $485.34.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data 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 company had revenue of $16.57 billion for the quarter, compared to analyst estimates 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 prior year, the company earned $5.99 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Truist Financial raised their target price on shares of Caterpillar from $414.00 to $507.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Robert W. Baird lifted their target price on shares of Caterpillar from $495.00 to $540.00 and gave the company an "outperform" rating in a research report on Wednesday, September 17th. Barclays boosted their price target on shares of Caterpillar from $383.00 to $425.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Oppenheimer decreased their price objective on shares of Caterpillar from $493.00 to $480.00 and set an "outperform" rating on the stock in a report on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $475.00 to $520.00 and gave the company an "overweight" 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $464.33.

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.

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