Venture Visionary Partners LLC Raises Stock Holdings in Caterpillar Inc. $CAT

Venture Visionary Partners LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,297 shares of the industrial products company’s stock after buying an additional 409 shares during the quarter. Venture Visionary Partners LLC’s holdings in Caterpillar were worth $12,150,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GSB Wealth Management LLC increased its position in shares of Caterpillar by 1.2% during the 2nd quarter. GSB Wealth Management LLC now owns 2,143 shares of the industrial products company’s stock valued at $832,000 after purchasing an additional 26 shares during the last quarter. Verum Partners LLC increased its position in shares of Caterpillar by 2.5% during the 2nd quarter. Verum Partners LLC now owns 1,059 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 26 shares during the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of Caterpillar by 0.8% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 3,575 shares of the industrial products company’s stock valued at $1,388,000 after purchasing an additional 27 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Caterpillar by 2.4% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,216 shares of the industrial products company’s stock valued at $472,000 after purchasing an additional 29 shares during the last quarter. Finally, McAdam LLC increased its position in shares of Caterpillar by 1.6% during the 2nd quarter. McAdam LLC now owns 1,872 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

NYSE:CAT opened at $466.06 on Monday. The stock’s fifty day moving average is $430.98 and its 200 day moving average is $373.99. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $485.34. The firm has a market capitalization of $218.34 billion, a PE ratio of 23.71, a PEG ratio of 2.83 and a beta of 1.41. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.81 and a current ratio of 1.34.

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

Insider Activity at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $462.65, for a total value of $7,941,849.90. Following the sale, the chairman 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Kaiser sold 2,161 shares of the stock in a transaction 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 completion of the sale, the insider 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,819 shares of company stock worth $16,885,492. Company insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CAT shares. Citigroup reiterated a “buy” rating on shares of Caterpillar in a research note on Tuesday, September 23rd. Robert W. Baird boosted their price objective on Caterpillar from $495.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, September 17th. Truist Financial boosted their price objective on Caterpillar from $414.00 to $507.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Bank of America boosted their price objective on Caterpillar from $495.00 to $517.00 and gave the company a “buy” rating in a research note on Monday, September 22nd. Finally, JPMorgan Chase & Co. upped their price target on Caterpillar from $475.00 to $520.00 and gave the stock 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 issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $464.33.

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.