Uncommon Cents Investing LLC Acquires 357 Shares of Caterpillar Inc. $CAT

Uncommon Cents Investing LLC raised its stake in Caterpillar Inc. (NYSE:CAT) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,410 shares of the industrial products company’s stock after buying an additional 357 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Caterpillar were worth $1,324,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new position in Caterpillar during the second quarter worth $32,000. Compass Financial Services Inc lifted its position 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 purchasing an additional 31 shares during the period. Curat Global LLC bought a new stake in Caterpillar during the first quarter worth about $33,000. Redmont Wealth Advisors LLC acquired a new position in Caterpillar during the first quarter worth about $33,000. Finally, Maseco LLP acquired a new position in Caterpillar during the second quarter worth about $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CAT shares. Robert W. Baird increased their price target on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Oppenheimer decreased their price target on Caterpillar from $493.00 to $480.00 and set an “outperform” rating for the company in a report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a report on Tuesday. DA Davidson increased their target price on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Truist Financial raised their price target on shares of Caterpillar from $414.00 to $507.00 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 assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $464.33.

Caterpillar Stock Up 0.5%

CAT stock opened at $466.06 on Friday. The stock has a fifty day moving average of $430.98 and a 200-day moving average of $373.71. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $485.34. The company has a market capitalization of $218.34 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.83 and a beta of 1.41. 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 posted its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.88 by ($0.16). The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.99 EPS. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 6,917 shares in the company, valued at approximately $2,835,970. This represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar 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 sale, the chairman owned 465,339 shares of the company’s stock, valued at approximately $215,289,088.35. The trade was a 3.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,819 shares of company stock worth $16,885,492 in the last three months. 0.33% of the stock is currently owned by corporate 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.