Caterpillar Inc. $CAT Shares Acquired by Everpar Advisors LLC

Everpar Advisors LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 14.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,594 shares of the industrial products company’s stock after buying an additional 204 shares during the period. Everpar Advisors LLC’s holdings in Caterpillar were worth $619,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Compass Financial Services Inc raised its position in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the period. Investment Management Corp VA ADV bought a new position in Caterpillar during the 4th quarter worth $33,000. Curat Global LLC bought a new stake in Caterpillar in the first quarter valued at $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar during the first quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $36,000. Institutional investors own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $500.00 target price on shares of Caterpillar in a research note on Friday, August 29th. Citigroup boosted their price objective on Caterpillar from $460.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays raised their target price on Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Oppenheimer reduced their price target on Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a research report on Friday, August 29th. Finally, Robert W. Baird lowered their price target on Caterpillar from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and an average target price of $457.20.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the company’s 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 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,653 shares of company stock valued at $8,943,642. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.0%

CAT stock opened at $435.62 on Tuesday. The company’s 50 day simple moving average is $420.93 and its 200-day simple moving average is $366.13. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week 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 capitalization of $204.08 billion, a P/E ratio of 22.16, a P/E/G ratio of 2.62 and a beta of 1.41.

Caterpillar (NYSE:CAT) last announced 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 for the quarter, compared to analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. Caterpillar’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $5.99 earnings per share. As a group, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Company 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.