573 Shares in Caterpillar Inc. $CAT Purchased by Forza Wealth Management LLC

Forza Wealth Management LLC acquired a new position in Caterpillar Inc. (NYSE:CAT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 573 shares of the industrial products company’s stock, valued at approximately $222,000.

A number of other hedge funds have also made changes to their positions in CAT. Compass Financial Services Inc raised its stake in Caterpillar by 49.2% in the 1st 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 purchased a new stake in shares of Caterpillar during the second quarter worth $32,000. Curat Global LLC acquired a new stake in shares of Caterpillar in the first quarter valued at about $33,000. Redmont Wealth Advisors LLC acquired a new position in Caterpillar during the first quarter worth about $33,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Caterpillar during the 1st quarter valued at about $45,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In other Caterpillar news, insider Jason Kaiser sold 2,161 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $417.70, for a total transaction of $902,649.70. Following the sale, the insider owned 8,632 shares in the company, valued at $3,605,586.40. This represents a 20.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan C. Schwab sold 2,324 shares of Caterpillar stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $410.00, for a total value of $952,840.00. Following the completion of the transaction, the director owned 6,917 shares of the company’s stock, valued at $2,835,970. The trade was a 25.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,819 shares of company stock worth $16,885,492. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $477.03 on Wednesday. The company’s 50 day simple moving average is $433.41 and its 200-day simple moving average is $375.62. 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 Inc. has a 1 year low of $267.30 and a 1 year high of $485.34. The company has a market capitalization of $223.48 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.87 and a beta of 1.41.

Caterpillar (NYSE:CAT) last posted 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 analyst estimates of $16.14 billion. Caterpillar had a net margin of 14.95% and a return on equity of 48.95%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the business posted $5.99 EPS. As a group, equities research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research reports. Barclays raised their target price on shares of Caterpillar from $383.00 to $425.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. DA Davidson boosted their price objective on Caterpillar from $331.00 to $388.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 22nd. Melius Research raised Caterpillar from a “hold” rating to a “strong-buy” rating and set a $500.00 target price for the company in a research note on Wednesday, July 9th. Sanford C. Bernstein reissued a “market perform” rating on shares of Caterpillar in a research report on Monday, July 14th. Finally, Jefferies Financial Group restated a “buy” rating and set a $500.00 price objective on shares of Caterpillar in a research report on Friday, August 29th. Two investment 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 stock. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $466.53.

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.