Petros Family Wealth LLC Buys 145 Shares of Caterpillar Inc. $CAT

Petros Family Wealth LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,542 shares of the industrial products company’s stock after purchasing an additional 145 shares during the period. Petros Family Wealth LLC’s holdings in Caterpillar were worth $599,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its stake in shares of Caterpillar by 36,842.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after acquiring an additional 7,279,991 shares during the last quarter. Plimoth Trust Co. LLC boosted its stake in shares of Caterpillar by 2.6% during the 2nd quarter. Plimoth Trust Co. LLC now owns 11,874 shares of the industrial products company’s stock worth $4,610,000 after acquiring an additional 300 shares during the last quarter. Woodmont Investment Counsel LLC boosted its stake in shares of Caterpillar by 1.8% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 4,918 shares of the industrial products company’s stock worth $1,909,000 after acquiring an additional 88 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Caterpillar by 43.4% during the 2nd quarter. Merit Financial Group LLC now owns 30,639 shares of the industrial products company’s stock worth $11,894,000 after acquiring an additional 9,266 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in shares of Caterpillar by 4.3% during the 2nd quarter. Beacon Financial Advisory LLC now owns 2,064 shares of the industrial products company’s stock worth $801,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of Caterpillar stock in a transaction on Monday, August 11th. The shares were sold at an average price of $417.70, for a total value of $902,649.70. Following the sale, the insider directly owned 8,632 shares in the company, valued at approximately $3,605,586.40. The trade was a 20.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction on 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 sale, the director 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,819 shares of company stock worth $16,885,492. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 1.6%

CAT opened at $498.48 on Monday. 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 stock has a market cap of $233.53 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 3.03 and a beta of 1.46. The firm’s fifty day moving average is $436.99 and its 200 day moving average is $379.06. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $504.48.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $4.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.99 earnings per share. On average, sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CAT has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $500.00 price target on shares of Caterpillar in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $475.00 to $520.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Bank of America lifted their price target 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. Barclays lifted their target price on shares of Caterpillar from $383.00 to $425.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.