450 Shares in Caterpillar Inc. $CAT Bought by Western Pacific Wealth Management LP

Western Pacific Wealth Management LP bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 450 shares of the industrial products company’s stock, valued at approximately $175,000.

A number of other institutional investors have also added to or reduced their stakes in CAT. Compass Financial Services Inc increased its holdings in Caterpillar by 49.2% during the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new position in Caterpillar during the second quarter worth $32,000. Investment Management Corp VA ADV acquired a new position in Caterpillar during the fourth quarter worth $33,000. Curat Global LLC acquired a new position in Caterpillar during the first quarter worth $33,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Caterpillar during the first quarter worth $33,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $412.87, for a total transaction of $7,088,152.16. Following the completion of the sale, the chairman owned 482,505 shares of the company’s stock, valued at $199,211,839.35. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider directly owned 8,632 shares of the company’s stock, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,653 shares of company stock valued at $8,943,642. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 3.8%

Shares of Caterpillar stock opened at $467.63 on Friday. The firm has a 50-day moving average of $423.99 and a 200-day moving average of $368.16. The stock has a market cap of $219.08 billion, a PE ratio of 23.79, a PEG ratio of 2.74 and a beta of 1.41. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $467.71. 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 (NYSE:CAT) last announced 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 during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.99 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CAT shares. Sanford C. Bernstein restated a “market perform” rating on shares of Caterpillar in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Oppenheimer decreased their price objective on shares of Caterpillar from $493.00 to $480.00 and set an “outperform” rating on the stock in a report on Friday, August 29th. Barclays upped their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Finally, Bank of America upped their price objective on shares of Caterpillar from $460.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $460.20.

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.