Lmcg Investments LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 20.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 12,199 shares of the industrial products company’s stock after selling 3,229 shares during the period. Lmcg Investments LLC’s holdings in Caterpillar were worth $9,891,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CAT. BlackRock Inc. purchased a new position in shares of Caterpillar during the second quarter valued at approximately $40,457,153,000. State Street Corp lifted its position in Caterpillar by 4.0% during the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after purchasing an additional 1,396,356 shares during the period. Bank of America Corp DE bought a new position in shares of Caterpillar during the 2nd quarter valued at $5,818,150,000. Bank of New York Mellon Corp purchased a new position in shares of Caterpillar in the 2nd quarter worth $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar in the 2nd quarter worth $2,783,451,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Insider Buying and Selling at Caterpillar
In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several brokerages recently commented on CAT. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Barclays raised their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. UBS Group increased their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a report on Thursday, September 10th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $967.83.
Check Out Our Latest Stock Report on Caterpillar
Caterpillar News Roundup
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Improving earnings outlook: Caterpillar has a strong history of exceeding quarterly estimates, and analysts see the company as having favorable conditions for another earnings beat. Its latest reported quarter also substantially exceeded consensus expectations for earnings and revenue. Will Caterpillar Beat Estimates Again
- Positive Sentiment: Strong backlog and raised outlook: Caterpillar is supported by a record $72 billion backlog, strong cash flow and an increased 2026 sales-growth outlook. Although the dividend was held steady, these factors could support future dividend growth and capital returns. CAT Keeps Dividend Unchanged
- Positive Sentiment: Rating and analyst support: Caterpillar was upgraded to Zacks Rank #2 (Buy), reflecting greater optimism about its earnings prospects. The average brokerage price target of approximately $967.83 is well above the recent trading level, although targets are not guarantees. Caterpillar Rating Upgrade
- Neutral Sentiment: Dealer technology partnership: IronSight AI and Fast Iron announced a platform that helps Caterpillar, Komatsu and Volvo equipment dealers identify and sell used parts using smartphone images. The development may improve dealer efficiency, but it is not expected to have a material near-term effect on Caterpillar’s financial results. IronSight AI and Fast Iron Partnership
- Negative Sentiment: Valuation and trading risks: Caterpillar’s elevated valuation leaves the stock vulnerable to a pullback if earnings momentum slows. ETFs were also reported as net sellers, while commentary cautioned that analyst optimism may already be reflected in the share price. Caterpillar Stock Pullback Risk
Caterpillar Price Performance
Shares of Caterpillar stock opened at $740.20 on Thursday. Caterpillar Inc. has a one year low of $510.21 and a one year high of $1,073.46. The stock’s fifty day moving average is $805.28 and its 200 day moving average is $856.93. The stock has a market cap of $340.25 billion, a P/E ratio of 31.85, a P/E/G ratio of 1.24 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $4.72 earnings per share. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 27.74 earnings per share for the current year.
Caterpillar Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is 28.06%.
Caterpillar Profile
Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.
Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.
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