Caterpillar Inc. (NYSE:CAT) Shares Purchased by Lantz Financial LLC

Lantz Financial LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,061 shares of the industrial products company’s stock after purchasing an additional 52 shares during the period. Lantz Financial LLC’s holdings in Caterpillar were worth $999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. BCK Partners Inc. acquired a new stake in Caterpillar during the first quarter worth about $2,580,000. Sei Investments Co. boosted its stake in Caterpillar by 17.3% during the first quarter. Sei Investments Co. now owns 65,643 shares of the industrial products company’s stock worth $14,634,000 after buying an additional 9,695 shares during the period. Dakota Wealth Management purchased a new position in Caterpillar during the first quarter worth about $405,000. Mather Group LLC. boosted its stake in Caterpillar by 6.8% during the first quarter. Mather Group LLC. now owns 2,592 shares of the industrial products company’s stock worth $577,000 after buying an additional 165 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Caterpillar by 4.4% during the first quarter. NewEdge Advisors LLC now owns 49,705 shares of the industrial products company’s stock worth $11,075,000 after buying an additional 2,076 shares during the period. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Cheryl H. Johnson sold 6,415 shares of Caterpillar stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $260.00, for a total value of $1,667,900.00. Following the transaction, the insider now directly owns 16,362 shares of the company’s stock, valued at approximately $4,254,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Cheryl H. Johnson sold 6,415 shares of Caterpillar stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $260.00, for a total value of $1,667,900.00. Following the transaction, the insider now directly owns 16,362 shares in the company, valued at approximately $4,254,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anthony D. Fassino sold 2,923 shares of Caterpillar stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $279.00, for a total transaction of $815,517.00. Following the completion of the transaction, the insider now owns 16,182 shares in the company, valued at $4,514,778. The disclosure for this sale can be found here. Insiders have sold 54,918 shares of company stock valued at $15,299,870 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 0.2 %

CAT stock traded up $0.43 during midday trading on Tuesday, reaching $281.37. 195,065 shares of the company were exchanged, compared to its average volume of 3,062,165. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.83 and a current ratio of 1.33. Caterpillar Inc. has a 1-year low of $160.60 and a 1-year high of $293.88. The stock’s 50-day simple moving average is $273.63 and its 200 day simple moving average is $242.50. The company has a market cap of $143.53 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $5.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.57 by $0.98. The company had revenue of $17.30 billion for the quarter, compared to analysts’ expectations of $16.46 billion. Caterpillar had a net margin of 12.91% and a return on equity of 55.93%. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the company earned $3.18 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 19.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CAT shares. The Goldman Sachs Group increased their target price on shares of Caterpillar from $274.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. StockNews.com lowered shares of Caterpillar from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Stifel Nicolaus raised their price objective on shares of Caterpillar from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company raised their price objective on shares of Caterpillar from $240.00 to $285.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group raised their price objective on shares of Caterpillar from $279.00 to $334.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $267.00.

About Caterpillar

Caterpillar, Inc engages in the manufacture of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other.