Warren Street Wealth Advisors LLC Invests $225,000 in Caterpillar Inc. $CAT

Warren Street Wealth Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 579 shares of the industrial products company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Compass Financial Services Inc lifted its position in Caterpillar by 49.2% during the first 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 period. Family Legacy Financial Solutions LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $32,000. Curat Global LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $33,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. DA Davidson increased their price target on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Robert W. Baird increased their target price on shares of Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Barclays increased their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a research report on Tuesday, August 19th. Finally, Bank of America increased their target price on shares of Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research report on Monday, September 22nd. Two 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $466.53.

Insider Activity at Caterpillar

In related news, Director Susan C. Schwab sold 2,324 shares of the firm’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 sale, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the transaction, the chairman owned 465,339 shares of the company’s stock, valued at approximately $215,289,088.35. The trade was a 3.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock worth $16,885,492 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.8%

Shares of NYSE CAT opened at $480.99 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $485.34. The firm has a 50-day moving average price of $434.48 and a 200 day moving average price of $376.35. The stock has a market capitalization of $225.33 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $4.72 EPS 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 company had revenue of $16.57 billion during the quarter, compared to analyst estimates of $16.14 billion. During the same quarter last year, the business earned $5.99 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal 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.