Integrated Wealth Concepts LLC Raises Position in Caterpillar Inc. $CAT

Integrated Wealth Concepts LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 11.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,005 shares of the industrial products company’s stock after purchasing an additional 2,223 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Caterpillar were worth $10,022,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CAT. Norges Bank purchased a new position in shares of Caterpillar in the 2nd quarter worth about $2,165,899,000. Illinois Municipal Retirement Fund increased its holdings in Caterpillar by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after buying an additional 1,181 shares during the last quarter. Groupe la Francaise raised its position in Caterpillar by 82.0% in the second quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock worth $10,820,000 after acquiring an additional 12,278 shares during the period. Union Bancaire Privee UBP SA boosted its stake in Caterpillar by 155.9% in the third quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock valued at $21,014,000 after acquiring an additional 28,773 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in Caterpillar in the third quarter valued at about $8,893,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 0.9%

CAT opened at $700.09 on Tuesday. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $789.81. The company has a market cap of $325.75 billion, a PE ratio of 37.20, a price-to-earnings-growth ratio of 1.64 and a beta of 1.53. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The company has a 50 day moving average of $695.58 and a 200 day moving average of $587.94.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. The business had revenue of $19.13 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.14 EPS. On average, sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CAT. Daiwa Securities Group raised their price target on shares of Caterpillar from $640.00 to $790.00 in a research note on Wednesday, February 25th. DA Davidson increased their price objective on Caterpillar from $569.00 to $650.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Wells Fargo & Company raised their target price on Caterpillar from $756.00 to $870.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Weiss Ratings restated a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Finally, Royal Bank Of Canada increased their price target on Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $730.50.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the completion of the transaction, the insider owned 46,643 shares of the company’s stock, valued at $36,236,946.70. The trade was a 14.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Rodney Michael Shurman sold 2,278 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the completion of the sale, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. The trade was a 61.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 135,950 shares of company stock worth $94,327,990 in the last 90 days. 0.33% of the stock is owned by company insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.