Main Street Research LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 1,833.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 59,559 shares of the industrial products company’s stock after purchasing an additional 56,478 shares during the quarter. Caterpillar comprises 1.9% of Main Street Research LLC’s holdings, making the stock its 27th largest holding. Main Street Research LLC’s holdings in Caterpillar were worth $34,120,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Plancorp LLC increased its holdings in Caterpillar by 0.5% in the fourth quarter. Plancorp LLC now owns 2,777 shares of the industrial products company’s stock worth $1,591,000 after purchasing an additional 15 shares in the last quarter. BlueStem Wealth Partners LLC increased its holdings in Caterpillar by 1.3% in the fourth quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company’s stock worth $683,000 after purchasing an additional 15 shares in the last quarter. KDT Advisors LLC increased its holdings in Caterpillar by 2.3% in the fourth quarter. KDT Advisors LLC now owns 657 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 15 shares in the last quarter. CFO4Life Group LLC increased its holdings in Caterpillar by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 15 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its holdings in Caterpillar by 2.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 16 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.
Trending Headlines about Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
- Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
- Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
- Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title
Caterpillar Stock Up 0.0%
Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.25 earnings per share. On average, sell-side analysts forecast that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s payout ratio is presently 30.06%.
Insider Activity at Caterpillar
In related news, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Denise C. Johnson sold 12,605 shares of Caterpillar stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the transaction, the insider directly owned 49,825 shares in the company, valued at approximately $45,236,615.75. The trade was a 20.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,273 shares of company stock valued at $89,439,960 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have weighed in on CAT. Robert W. Baird lifted their target price on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. DA Davidson boosted their price objective on Caterpillar from $650.00 to $845.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Royal Bank Of Canada boosted their price objective on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a report on Friday, January 30th. Jefferies Financial Group boosted their price objective on Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, CICC Research started coverage on Caterpillar in a report on Friday, February 6th. They set an “outperform” rating for the company. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $923.14.
Get Our Latest Stock Analysis on CAT
About Caterpillar
Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
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