Wealth Architects LLC Has $2.33 Million Position in Caterpillar Inc. $CAT

Wealth Architects LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,009 shares of the industrial products company’s stock after buying an additional 121 shares during the period. Wealth Architects LLC’s holdings in Caterpillar were worth $2,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $579,000. Brighton Jones LLC grew its stake in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares in the last quarter. GAMMA Investing LLC increased its holdings in Caterpillar by 32.0% during the first quarter. GAMMA Investing LLC now owns 11,311 shares of the industrial products company’s stock worth $3,730,000 after buying an additional 2,745 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Caterpillar by 18.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 191,640 shares of the industrial products company’s stock worth $63,202,000 after acquiring an additional 30,070 shares in the last quarter. Finally, Grant Private Wealth Management Inc lifted its stake in Caterpillar by 46.2% in the first quarter. Grant Private Wealth Management Inc now owns 1,224 shares of the industrial products company’s stock valued at $404,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $417.70, for a total transaction of $902,649.70. Following the completion of the sale, the insider owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $462.65, for a total transaction of $7,941,849.90. Following the completion of the transaction, the chairman directly owned 465,339 shares in the company, valued at $215,289,088.35. This trade represents a 3.56% 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 quarter. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $491.67 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $230.34 billion, a price-to-earnings ratio of 25.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.46. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $511.50. The company has a 50-day simple moving average of $443.23 and a two-hundred day simple moving average of $384.49.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $4.72 EPS for the quarter, missing the consensus estimate of $4.88 by ($0.16). The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.99 earnings per share. Analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Monday, October 20th will be given a $1.51 dividend. The ex-dividend date is Monday, October 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.2%. Caterpillar’s dividend payout ratio (DPR) is presently 30.72%.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Erste Group Bank raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Caterpillar in a research report on Saturday, September 27th. Jefferies Financial Group boosted their target price on Caterpillar from $500.00 to $570.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 price target for the company in a report on Wednesday, July 9th. Finally, Melius upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $500.00 price objective on the stock in a report on Wednesday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $478.20.

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.