Bedminster LLC purchased a new position in Caterpillar Inc. (NYSE:CAT – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 600 shares of the industrial products company’s stock, valued at approximately $344,000.
A number of other large investors also recently added to or reduced their stakes in CAT. Wellington Management Group LLP lifted its holdings in Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Caterpillar by 1,851.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock worth $873,382,000 after purchasing an additional 1,736,631 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Caterpillar by 20.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after purchasing an additional 609,023 shares in the last quarter. Amundi lifted its holdings in Caterpillar by 24.3% in the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock worth $1,176,870,000 after purchasing an additional 464,036 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock worth $26,572,681,000 after purchasing an additional 442,164 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Rothschild & Co Redburn raised its price target on Caterpillar to $950 from $700, even while keeping a neutral rating, suggesting the stock’s recent rally may still have room to run. Rothschild & Co Redburn price target update
- Positive Sentiment: Jim Cramer reiterated a bullish view on Caterpillar, calling it a buy and pointing to oil and gas, infrastructure, and AI data-center power demand as key tailwinds. Jim Cramer Says Caterpillar Is a Buy
- Positive Sentiment: Recent coverage highlighted Caterpillar’s role in Saudi Arabia’s construction equipment market, which is expected to grow steadily on the back of Vision 2030 infrastructure spending. Saudi Arabia Construction Equipment Industry Research 2026-2031 Featuring Caterpillar
- Neutral Sentiment: Two Caterpillar insiders disclosed stock sales, including a larger sale by Denise C. Johnson and a smaller sale by William E. Schaupp. While not unusual, insider selling can create some caution. Denise C. Johnson insider trade filing
- Negative Sentiment: Anthony Fassino also sold a notable block of shares earlier in the week, which may be viewed as a mild negative signal despite his remaining ownership stake. Anthony Fassino Sells 16,283 Shares of Caterpillar (NYSE:CAT) Stock
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on CAT
Caterpillar Stock Up 1.8%
Shares of CAT opened at $918.99 on Friday. The business’s 50 day simple moving average is $772.09 and its 200-day simple moving average is $678.58. Caterpillar Inc. has a 1 year low of $336.24 and a 1 year high of $931.35. The stock has a market capitalization of $423.28 billion, a price-to-earnings ratio of 45.74, a price-to-earnings-growth ratio of 1.81 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the prior year, the firm posted $4.25 EPS. Caterpillar’s quarterly revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar’s dividend payout ratio is presently 30.06%.
Insider Activity at Caterpillar
In related news, insider Lange Bob De sold 24,222 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the sale, the insider owned 86,029 shares in the company, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 90,682 shares of company stock worth $81,815,568 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.
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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