Integrated Wealth Concepts LLC Grows Stake in Caterpillar Inc. $CAT

Integrated Wealth Concepts LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,005 shares of the industrial products company’s stock after purchasing an additional 2,223 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Caterpillar were worth $10,022,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new stake in shares of Caterpillar in the 2nd quarter valued at about $27,000. Marquette Asset Management LLC grew its holdings in shares of Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares in the last quarter. RiverPark Advisors LLC bought a new position in shares of Caterpillar in the second quarter worth approximately $32,000. Joseph Group Capital Management purchased a new stake in Caterpillar in the third quarter valued at approximately $32,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Caterpillar by 107.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $700.09 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $789.81. The firm has a market cap of $325.75 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.64 and a beta of 1.53. The business has a 50 day moving average price of $695.58 and a 200-day moving average price of $587.94.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. The company had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.14 EPS. Equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Activity

In related news, insider Anthony D. Fassino sold 10,671 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $680.45, for a total value of $7,261,081.95. Following the sale, the insider directly owned 41,151 shares of the company’s stock, valued at $28,001,197.95. This trade represents a 20.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph E. Creed sold 2,500 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the transaction, the chief executive officer owned 35,083 shares in the company, valued at approximately $25,222,221.19. This represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on CAT. Robert W. Baird set a $805.00 price target on shares of Caterpillar in a research note on Friday, January 30th. Citigroup lifted their price objective on shares of Caterpillar from $760.00 to $785.00 and gave the stock a “buy” rating in a report on Monday, March 9th. UBS Group reissued a “neutral” rating and issued a $677.00 target price on shares of Caterpillar in a research note on Monday, February 2nd. Williams Trading set a $825.00 price target on Caterpillar in a research report on Tuesday, March 10th. Finally, CICC Research began coverage on Caterpillar in a research note on Friday, February 6th. They set an “outperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $730.50.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.