Caterpillar Inc. $CAT Stake Lessened by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 31.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,458 shares of the industrial products company’s stock after selling 8,386 shares during the period. Union Bancaire Privee UBP SA’s holdings in Caterpillar were worth $7,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc lifted its holdings in shares of Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC bought a new position in Caterpillar during the second quarter valued at approximately $32,000. Curat Global LLC bought a new stake in Caterpillar in the first quarter worth approximately $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar during the 1st quarter worth $33,000. Finally, Fiduciary Wealth Partners LLC bought a new position in shares of Caterpillar during the 1st quarter valued at $45,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CAT shares. Citigroup reiterated a “buy” rating on shares of Caterpillar in a report on Tuesday, September 23rd. Truist Financial boosted their price target on Caterpillar from $414.00 to $507.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price objective on the stock in a report on Wednesday, July 9th. Melius raised 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. Finally, Bank of America upped their target price on Caterpillar from $495.00 to $517.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Two research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $466.53.

Caterpillar Stock Up 1.3%

NYSE CAT opened at $471.68 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34. The firm has a 50-day simple moving average of $432.21 and a 200 day simple moving average of $374.91. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34. The stock has a market cap of $220.97 billion, a PE ratio of 23.99, a PEG ratio of 2.83 and a beta of 1.41.

Caterpillar (NYSE:CAT) last released 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). The company had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.99 EPS. On average, research analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Insiders Place Their Bets

In other Caterpillar news, Director Susan C. Schwab sold 2,324 shares of the firm’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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $7,088,152.16. Following the transaction, the chairman owned 482,505 shares of the company’s stock, valued at approximately $199,211,839.35. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,819 shares of company stock worth $16,885,492 over the last quarter. Company 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.