Caterpillar Inc. $CAT Shares Bought by XML Financial LLC

XML Financial LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 3.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,542 shares of the industrial products company’s stock after acquiring an additional 167 shares during the period. XML Financial LLC’s holdings in Caterpillar were worth $1,763,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc lifted its stake in shares of 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 buying an additional 31 shares during the period. Family Legacy Financial Solutions LLC purchased a new position in Caterpillar in the 2nd quarter worth $32,000. Curat Global LLC acquired a new stake in Caterpillar during the 1st quarter worth about $33,000. Redmont Wealth Advisors LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $33,000. Finally, Fiduciary Wealth Partners LLC acquired a new position in shares of Caterpillar in the first quarter valued at about $45,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on CAT shares. Jefferies Financial Group reiterated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a research report on Friday, August 29th. Bank of America upped their price objective on shares of Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a report on Monday, September 22nd. DA Davidson raised their target price on shares of Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Evercore ISI raised shares of Caterpillar from an “in-line” rating to an “outperform” rating and set a $476.00 price target on the stock in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Caterpillar from $475.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $466.53.

Caterpillar Stock Up 1.3%

Shares of CAT opened at $471.68 on Tuesday. The firm has a market cap of $220.97 billion, a P/E ratio of 23.99, a PEG ratio of 2.83 and a beta of 1.41. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $485.34. The stock’s 50 day moving average is $432.21 and its two-hundred day moving average is $374.91. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $16.14 billion. During the same period in the previous year, the company earned $5.99 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

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 stock was sold at an average price of $410.00, for a total value of $952,840.00. Following the transaction, the director owned 6,917 shares in the company, valued at $2,835,970. This trade represents a 25.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jason Kaiser sold 2,161 shares of the business’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 value of $902,649.70. Following the sale, the insider owned 8,632 shares of the company’s stock, 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. Insiders sold 38,819 shares of company stock valued at $16,885,492 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Company 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.