Caterpillar Inc. $CAT Shares Bought by KPP Advisory Services LLC

KPP Advisory Services LLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,258 shares of the industrial products company’s stock after purchasing an additional 74 shares during the period. KPP Advisory Services LLC’s holdings in Caterpillar were worth $877,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Belpointe Asset Management LLC grew its stake in shares of Caterpillar by 8.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,416 shares of the industrial products company’s stock valued at $938,000 after buying an additional 189 shares during the period. Cullinan Associates Inc. boosted its holdings in Caterpillar by 1.8% in the second quarter. Cullinan Associates Inc. now owns 35,666 shares of the industrial products company’s stock valued at $13,846,000 after acquiring an additional 644 shares during the last quarter. Petros Family Wealth LLC increased its stake in Caterpillar by 10.4% during the second quarter. Petros Family Wealth LLC now owns 1,542 shares of the industrial products company’s stock worth $599,000 after acquiring an additional 145 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Caterpillar by 36,842.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after purchasing an additional 7,279,991 shares during the period. Finally, Plimoth Trust Co. LLC lifted its stake in shares of Caterpillar by 2.6% in the 2nd quarter. Plimoth Trust Co. LLC now owns 11,874 shares of the industrial products company’s stock valued at $4,610,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Melius raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Caterpillar in a research note on Saturday, September 27th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Robert W. Baird upped their price target on Caterpillar from $495.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Finally, Truist Financial boosted their target price on shares of Caterpillar from $414.00 to $507.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Two research 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, Caterpillar has an average rating of “Moderate Buy” and an average target price of $466.53.

Caterpillar Stock Up 1.6%

Shares of Caterpillar stock opened at $498.48 on Monday. The business has a 50-day moving average price of $436.99 and a 200 day moving average price of $379.06. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $504.48. The firm has a market cap of $233.53 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.03 and a beta of 1.46. 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 (NYSE:CAT) last issued its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $16.14 billion. During the same period last year, the company posted $5.99 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Insider Activity at Caterpillar

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the transaction, the chairman directly owned 482,505 shares in the company, valued at $199,211,839.35. This represents a 3.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 2,324 shares of the firm’s stock in a transaction on 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. The trade was a 25.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,819 shares of company stock worth $16,885,492 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

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.