Caterpillar Inc. $CAT Shares Sold by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,071 shares of the industrial products company’s stock after selling 41 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in Caterpillar were worth $804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Montz Harcus Wealth Management LLC boosted its holdings in Caterpillar by 10.2% in the 2nd quarter. Montz Harcus Wealth Management LLC now owns 1,980 shares of the industrial products company’s stock valued at $769,000 after purchasing an additional 183 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Caterpillar by 11.2% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,315 shares of the industrial products company’s stock valued at $5,557,000 after purchasing an additional 1,440 shares during the last quarter. Exchange Capital Management Inc. lifted its holdings in shares of Caterpillar by 7.8% in the 2nd quarter. Exchange Capital Management Inc. now owns 1,011 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 73 shares during the last quarter. Crews Bank & Trust lifted its holdings in shares of Caterpillar by 16.0% in the 2nd quarter. Crews Bank & Trust now owns 1,176 shares of the industrial products company’s stock worth $457,000 after acquiring an additional 162 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in shares of Caterpillar in the 2nd quarter worth approximately $1,219,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the stock in a transaction that occurred on 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the sale, the chairman directly owned 465,339 shares in the company, valued at approximately $215,289,088.35. This represents a 3.56% 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. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $498.48 on Friday. The firm has a market cap of $233.53 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.46. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $504.48. 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’s 50 day moving average is $436.99 and its two-hundred day moving average is $378.48.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). The business 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%.Caterpillar’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.99 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CAT. Erste Group Bank upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday. Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a report on Wednesday, July 9th. Jefferies Financial Group restated a “buy” rating and issued a $500.00 price objective on shares of Caterpillar in a report on Friday, August 29th. Citigroup restated a “buy” rating on shares of Caterpillar in a report on Tuesday, September 23rd. Finally, Bank of America upped their price objective on shares of Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a report on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $466.53.

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.