RFG Holdings Inc. Makes New $247,000 Investment in Caterpillar Inc. $CAT

RFG Holdings Inc. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 635 shares of the industrial products company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wedmont Private Capital boosted its stake in Caterpillar by 5.9% during the second quarter. Wedmont Private Capital now owns 7,573 shares of the industrial products company’s stock worth $3,046,000 after buying an additional 425 shares during the period. Swedbank AB grew its position in Caterpillar by 3.0% in the 2nd quarter. Swedbank AB now owns 344,304 shares of the industrial products company’s stock valued at $133,662,000 after acquiring an additional 10,086 shares during the last quarter. Compton Wealth Advisory Group LLC grew its position in Caterpillar by 1.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 6,533 shares of the industrial products company’s stock valued at $2,536,000 after acquiring an additional 93 shares during the last quarter. Secure Asset Management LLC bought a new position in Caterpillar in the 2nd quarter valued at $291,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Caterpillar by 5.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 306,650 shares of the industrial products company’s stock valued at $119,045,000 after acquiring an additional 15,820 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the sale, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total value of $902,649.70. Following the completion of the transaction, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,653 shares of company stock worth $8,943,642. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on CAT. Jefferies Financial Group reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Caterpillar in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their price objective on Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Evercore ISI raised Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price objective on the stock in a research report on Tuesday, August 19th. Finally, Citigroup upped their price objective on Caterpillar from $460.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.20.

Caterpillar Trading Up 2.2%

Caterpillar stock opened at $450.28 on Thursday. The stock has a 50-day moving average of $422.81 and a two-hundred day moving average of $367.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. Caterpillar Inc. has a one year low of $267.30 and a one year high of $452.34. The stock has a market cap of $210.95 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 2.68 and a beta of 1.41.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing analysts’ consensus estimates of $4.88 by ($0.16). Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The business had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $16.14 billion. During the same quarter last year, the business posted $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, 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.