Caterpillar Inc. $CAT Shares Purchased by DMKC Advisory Services LLC

DMKC Advisory Services LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 58.1% in the second quarter, Holdings Channel reports. The firm owned 10,774 shares of the industrial products company’s stock after acquiring an additional 3,960 shares during the period. Caterpillar accounts for approximately 2.4% of DMKC Advisory Services LLC’s holdings, making the stock its 13th biggest position. DMKC Advisory Services LLC’s holdings in Caterpillar were worth $4,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McGuire Investment Group LLC lifted its stake in Caterpillar by 1.8% in the second quarter. McGuire Investment Group LLC now owns 23,521 shares of the industrial products company’s stock valued at $9,131,000 after buying an additional 424 shares during the last quarter. Warren Street Wealth Advisors LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at $225,000. Vicus Capital grew its position in Caterpillar by 18.2% during the 2nd quarter. Vicus Capital now owns 1,836 shares of the industrial products company’s stock worth $713,000 after purchasing an additional 283 shares during the last quarter. Naples Global Advisors LLC grew its position in Caterpillar by 0.3% during the 2nd quarter. Naples Global Advisors LLC now owns 10,290 shares of the industrial products company’s stock worth $3,995,000 after purchasing an additional 33 shares during the last quarter. Finally, Pure Financial Advisors LLC grew its position in Caterpillar by 66.7% during the 2nd quarter. Pure Financial Advisors LLC now owns 18,650 shares of the industrial products company’s stock worth $7,240,000 after purchasing an additional 7,463 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction, the insider owned 8,632 shares in the company, valued at $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 three months, insiders have sold 38,819 shares of company stock worth $16,885,492. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CAT. Bank of America increased their target price on shares of Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. DA Davidson upped their price objective on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Evercore ISI raised Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 target price on the stock in a report on Tuesday, August 19th. Truist Financial lifted their price objective 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. Finally, Melius Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a research report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Caterpillar Stock Up 0.8%

Caterpillar stock opened at $480.99 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.34 and a quick ratio of 0.81. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $485.34. The company has a market cap of $225.33 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.90 and a beta of 1.46. The stock’s 50 day moving average price is $434.48 and its 200 day moving average price is $376.35.

Caterpillar (NYSE:CAT) last released its 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 analyst estimates of $16.14 billion. During the same period last year, the business posted $5.99 EPS. Caterpillar’s revenue was down .7% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.