Caterpillar Inc. $CAT Shares Acquired by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 86.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,941 shares of the industrial products company’s stock after buying an additional 898 shares during the period. Childress Capital Advisors LLC’s holdings in Caterpillar were worth $754,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CAT. Pacer Advisors Inc. boosted its stake in shares of Caterpillar by 2,723.1% during the first quarter. Pacer Advisors Inc. now owns 1,414,280 shares of the industrial products company’s stock worth $466,430,000 after buying an additional 1,364,183 shares during the period. Nuveen LLC acquired a new stake in shares of Caterpillar during the first quarter worth about $391,788,000. Assenagon Asset Management S.A. lifted its position in Caterpillar by 546.6% in the second quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company’s stock valued at $327,297,000 after purchasing an additional 712,711 shares during the period. Goldman Sachs Group Inc. lifted its position in Caterpillar by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 3,229,080 shares of the industrial products company’s stock valued at $1,064,951,000 after purchasing an additional 268,300 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Caterpillar by 6.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,204,445 shares of the industrial products company’s stock valued at $1,386,626,000 after purchasing an additional 264,054 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, Director Susan C. Schwab sold 2,324 shares of the firm’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 transaction of $952,840.00. Following the completion of the transaction, the director directly owned 6,917 shares of the company’s stock, valued at $2,835,970. This trade represents a 25.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the transaction, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock valued at $16,885,492 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CAT. Barclays raised their price objective on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Citigroup restated a “buy” rating on shares of Caterpillar in a research report on Tuesday, September 23rd. DA Davidson raised their price objective on shares of Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price objective on shares of Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Finally, Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective for the company in a research report on Wednesday, July 9th. 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. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and an average target price of $466.53.

Caterpillar Trading Up 1.1%

Shares of Caterpillar stock opened at $477.03 on Wednesday. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $485.34. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50. The stock has a market cap of $223.48 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.41. The company has a 50-day moving average of $433.41 and a two-hundred day moving average of $375.62.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 analysts’ expectations of $16.14 billion. During the same period last year, the business earned $5.99 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

About Caterpillar

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.