Indiana Trust & Investment Management Co grew its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 10.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,515 shares of the industrial products company’s stock after purchasing an additional 996 shares during the quarter. Caterpillar accounts for about 2.3% of Indiana Trust & Investment Management Co’s holdings, making the stock its 10th biggest holding. Indiana Trust & Investment Management Co’s holdings in Caterpillar were worth $7,449,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CAT. Lam Group Inc. purchased a new stake in shares of Caterpillar during the first quarter worth $26,000. Torren Management LLC purchased a new position in Caterpillar in the fourth quarter valued at $27,000. Frazier Financial Advisors LLC grew its stake in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 33 shares in the last quarter. IFS Advisors LLC acquired a new position in Caterpillar during the 4th quarter worth $31,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Caterpillar during the 4th quarter worth about $32,000. 70.98% of the stock is owned by hedge funds and other institutional investors.
Caterpillar Price Performance
Shares of NYSE CAT opened at $965.44 on Monday. The stock’s 50-day simple moving average is $918.32 and its 200-day simple moving average is $770.29. The firm has a market capitalization of $444.67 billion, a PE ratio of 48.06, a price-to-earnings-growth ratio of 1.90 and a beta of 1.57. Caterpillar Inc. has a fifty-two week low of $388.09 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.
Caterpillar Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a $1.63 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar’s payout ratio is 30.06%.
Insider Activity
In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the transaction, the chief financial officer owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the sale, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,773 shares of company stock worth $87,642,635 over the last three months. Company insiders own 0.33% of the company’s stock.
Caterpillar News Summary
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Truist raised its price target on Caterpillar to $1,218 from $1,043 and kept a buy rating, reinforcing bullish sentiment around the stock’s earnings and growth outlook. Article Link
- Positive Sentiment: Several reports highlighted Caterpillar as a momentum, long-term, and “trending” stock, suggesting investor interest remains strong and could help keep shares elevated. Article Link
- Positive Sentiment: Analysts and commentators pointed to Caterpillar’s role in powering data centers and other AI-related infrastructure, a theme that has helped explain the stock’s strong run. Article Link
- Positive Sentiment: Caterpillar also received fresh praise for strong backlog, earnings growth, and long-term expansion plans, which supports the case for continued upside. Article Link
- Neutral Sentiment: Caterpillar announced a $5 million investment in Texas workforce training and manufacturing education, a positive long-term initiative but not likely a major near-term stock driver. Article Link
- Neutral Sentiment: Wall Street analyst coverage remains broadly optimistic, with multiple articles noting favorable average brokerage recommendations, though these do not always translate into reliable signals. Article Link
- Negative Sentiment: Michael Burry disclosed a first-ever short position in Caterpillar, arguing the stock’s AI-linked rally may have stretched valuation too far; that news is likely the main source of pressure on shares today. Article Link
Analyst Ratings Changes
Several equities analysts have recently issued reports on CAT shares. Jefferies Financial Group lifted their price objective on Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. Wells Fargo & Company lifted their price target on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the company an “equal weight” rating in a research report on Friday, May 1st. Finally, Citigroup raised their price objective on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $949.41.
View Our Latest Research Report 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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