Financial & Tax Architects LLC Acquires 229 Shares of Caterpillar Inc. (NYSE:CAT)

Financial & Tax Architects LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,074 shares of the industrial products company’s stock after purchasing an additional 229 shares during the quarter. Caterpillar makes up about 1.6% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 20th largest position. Financial & Tax Architects LLC’s holdings in Caterpillar were worth $6,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CAT. Gilbert & Cook Inc. raised its position in Caterpillar by 3.9% in the 4th quarter. Gilbert & Cook Inc. now owns 5,059 shares of the industrial products company’s stock valued at $1,496,000 after purchasing an additional 192 shares during the last quarter. 9258 Wealth Management LLC raised its position in shares of Caterpillar by 1.5% during the fourth quarter. 9258 Wealth Management LLC now owns 3,839 shares of the industrial products company’s stock worth $1,135,000 after acquiring an additional 55 shares during the last quarter. Rollins Financial raised its position in shares of Caterpillar by 49.1% during the fourth quarter. Rollins Financial now owns 6,395 shares of the industrial products company’s stock worth $1,891,000 after acquiring an additional 2,107 shares during the last quarter. Gryphon Financial Partners LLC raised its position in shares of Caterpillar by 6.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,496 shares of the industrial products company’s stock worth $420,000 after acquiring an additional 92 shares during the last quarter. Finally, Sachetta LLC bought a new stake in shares of Caterpillar during the fourth quarter worth $48,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 1.7 %

CAT stock opened at $353.81 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.28 and a quick ratio of 0.78. The stock has a market capitalization of $173.03 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.56 and a beta of 1.10. The business has a 50-day moving average of $341.63 and a 200-day moving average of $344.27. Caterpillar Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $382.01.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $5.99 earnings per share for the quarter, topping the consensus estimate of $5.53 by $0.46. The company had revenue of $16.69 billion during the quarter, compared to analysts’ expectations of $16.91 billion. Caterpillar had a return on equity of 59.88% and a net margin of 16.58%. Caterpillar’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.55 earnings per share. On average, sell-side analysts anticipate that Caterpillar Inc. will post 21.88 earnings per share for the current fiscal year.

Caterpillar announced that its board has initiated a stock repurchase plan on Wednesday, June 12th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 12.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CAT shares. StockNews.com upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Evercore ISI decreased their price objective on Caterpillar from $338.00 to $321.00 and set an “in-line” rating for the company in a research note on Monday, August 19th. Barclays lifted their price objective on Caterpillar from $315.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 7th. Bank of America decreased their price objective on Caterpillar from $385.00 to $376.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $399.00 price objective (up from $390.00) on shares of Caterpillar in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Hold” and an average price target of $336.31.

Insider Transactions at Caterpillar

In other news, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total transaction of $1,018,878.00. Following the completion of the transaction, the insider now directly owns 15,615 shares of the company’s stock, valued at $5,347,825.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gerald Johnson bought 100 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $338.59 per share, for a total transaction of $33,859.00. Following the completion of the acquisition, the director now owns 2,842 shares of the company’s stock, valued at approximately $962,272.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cheryl H. Johnson sold 2,975 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $342.48, for a total value of $1,018,878.00. Following the sale, the insider now owns 15,615 shares in the company, valued at approximately $5,347,825.20. The disclosure for this sale can be found here. Insiders sold 7,668 shares of company stock valued at $2,665,760 over the last three months. Company insiders own 0.33% of the company’s stock.

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.