CCM Investment Advisers LLC lessened its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,856 shares of the industrial products company’s stock after selling 2,509 shares during the period. Caterpillar makes up 3.3% of CCM Investment Advisers LLC’s holdings, making the stock its 4th largest position. CCM Investment Advisers LLC’s holdings in Caterpillar were worth $34,613,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Liontrust Investment Partners LLP acquired a new position in Caterpillar during the first quarter worth about $17,944,000. SOA Wealth Advisors LLC. lifted its holdings in Caterpillar by 11.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 913 shares of the industrial products company’s stock valued at $647,000 after acquiring an additional 95 shares during the last quarter. Western Wealth Management LLC boosted its position in shares of Caterpillar by 66.1% during the 1st quarter. Western Wealth Management LLC now owns 7,366 shares of the industrial products company’s stock valued at $5,218,000 after purchasing an additional 2,931 shares in the last quarter. Mascagni Wealth Management Inc. grew its stake in shares of Caterpillar by 125.7% in the 1st quarter. Mascagni Wealth Management Inc. now owns 835 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 465 shares during the last quarter. Finally, Silicon Valley Capital Partners raised its holdings in shares of Caterpillar by 165.1% in the 1st quarter. Silicon Valley Capital Partners now owns 509 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.
Wall Street Analysts Forecast Growth
CAT has been the subject of a number of research reports. Zacks Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Argus upped their price target on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Barclays lifted their target price on Caterpillar from $700.00 to $800.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Finally, Truist Financial boosted their target price on Caterpillar from $1,043.00 to $1,218.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $966.29.
Insider Activity
In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise C. Johnson sold 12,605 shares of Caterpillar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the sale, the insider directly owned 49,825 shares of the company’s stock, valued at $45,236,615.75. This trade represents a 20.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 95,773 shares of company stock worth $87,642,635. Corporate insiders own 0.33% of the company’s stock.
Caterpillar Stock Up 3.2%
Shares of NYSE:CAT opened at $807.88 on Friday. Caterpillar Inc. has a 52 week low of $405.46 and a 52 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. The company has a market cap of $372.10 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.57. The firm has a 50 day simple moving average of $925.74 and a 200 day simple moving average of $811.49.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The company had revenue of $17.41 billion during the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.25 earnings per share. As a group, research analysts expect that Caterpillar Inc. will post 24.87 earnings per share for the current year.
Caterpillar Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio (DPR) is currently 32.45%.
Key Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar announced up to $10 million for workforce development in Illinois, part of its broader five-year, $100 million Building the Future Workforce Initiative. The investment is intended to address manufacturing and technician shortages, supporting long-term operating capacity and regional growth. Caterpillar Invests in the Future of Manufacturing Talent in Illinois
- Positive Sentiment: Several investment articles remain bullish, arguing that Caterpillar’s recent decline could create an attractive entry point for long-term investors ahead of earnings. The company has also benefited from strong demand, with its latest reported quarter showing revenue growth and earnings above analyst expectations. Here’s Why Caterpillar Is a Buy Before Earnings
- Neutral Sentiment: Wall Street is focused on Caterpillar’s second-quarter results, including key operating metrics such as sales, margins and segment performance. The earnings release could determine whether the recent demand strength offsets concerns about valuation and end-market risks. Unlocking Q2 Potential of Caterpillar
- Negative Sentiment: Robert W. Baird downgraded CAT from Outperform to Neutral and reduced its price target to $900 from $1,200. Analyst Mig Dobre cited growing backlash and uncertainty surrounding the data-center construction boom, which had helped drive enthusiasm for Caterpillar’s power-generation products. Baird Just Downgraded Caterpillar Stock
- Negative Sentiment: The downgrade intensified concerns that Caterpillar trades at a historically elevated valuation and could be vulnerable if AI-related infrastructure spending slows. Commentary also noted bearish positioning, including Michael Burry’s reported negative view of the stock.
Caterpillar Company Profile
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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