Caterpillar Inc. $CAT Stock Holdings Increased by McAdam LLC

McAdam LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,872 shares of the industrial products company’s stock after purchasing an additional 29 shares during the period. McAdam LLC’s holdings in Caterpillar were worth $727,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Compass Financial Services Inc lifted its holdings 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 valued at $31,000 after purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new stake in Caterpillar during the 2nd quarter worth about $32,000. Curat Global LLC purchased a new stake in Caterpillar during the first quarter valued at about $33,000. Redmont Wealth Advisors LLC acquired a new position in shares of Caterpillar in the first quarter worth about $33,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Caterpillar in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $463.76 on Friday. 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 market cap of $217.26 billion, a PE ratio of 23.59, a PEG ratio of 2.86 and a beta of 1.41. The firm’s 50 day moving average price is $429.93 and its 200 day moving average price is $372.59. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $485.34.

Caterpillar (NYSE:CAT) last announced its quarterly 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 analyst estimates of $16.14 billion. Caterpillar had a return on equity of 48.95% and a net margin of 14.95%.The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $5.99 EPS. As a group, research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 2,161 shares of the firm’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 transaction, the insider directly owned 8,632 shares of the company’s stock, valued at approximately $3,605,586.40. This trade represents a 20.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Donald J. Umpleby III sold 17,168 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $412.87, for a total value of $7,088,152.16. Following the sale, the chairman directly owned 482,505 shares of the company’s stock, valued at $199,211,839.35. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,819 shares of company stock worth $16,885,492 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Caterpillar in a research note on Monday, July 14th. Jefferies Financial Group restated a “buy” rating and issued a $500.00 target price on shares of Caterpillar in a report on Friday, August 29th. Citigroup reiterated a “buy” rating on shares of Caterpillar in a report on Tuesday. Barclays increased their price objective on Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price on the stock in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $464.33.

Caterpillar 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.