Caterpillar Inc. $CAT Shares Bought by Beacon Financial Advisory LLC

Beacon Financial Advisory LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 4.3% during the second quarter, Holdings Channel reports. The firm owned 2,064 shares of the industrial products company’s stock after acquiring an additional 85 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Caterpillar were worth $801,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Caterpillar in the second quarter valued at $32,000. Compass Financial Services Inc raised its stake in shares of Caterpillar by 49.2% in the first quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Curat Global LLC acquired a new stake in shares of Caterpillar in the first quarter valued at $33,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at $33,000. Finally, Maseco LLP acquired a new stake in shares of Caterpillar in the second quarter valued at $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT stock opened at $498.48 on Friday. The stock’s 50-day moving average is $436.99 and its two-hundred day moving average is $378.76. The firm has a market cap of $233.53 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.03 and a beta of 1.46. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $504.48. 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 issued its quarterly earnings data 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 firm 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $5.99 EPS. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insiders Place Their Bets

In other Caterpillar news, 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 transaction of $902,649.70. Following the transaction, the insider 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the transaction, the chairman directly owned 482,505 shares in the company, valued at approximately $199,211,839.35. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,819 shares of company stock valued at $16,885,492. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

CAT has been the topic of several analyst reports. Melius upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a research note on Wednesday, July 9th. Bank of America raised their price target on Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Barclays raised their price target on Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Caterpillar in a research note on Saturday, September 27th. Finally, DA Davidson raised their price target on Caterpillar from $331.00 to $388.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus target price of $466.53.

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.