Gotham Asset Management LLC Acquires 5,884 Shares of Caterpillar Inc. $CAT

Gotham Asset Management LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 122,473 shares of the industrial products company’s stock after purchasing an additional 5,884 shares during the period. Caterpillar makes up 0.3% of Gotham Asset Management LLC’s holdings, making the stock its 24th largest position. Gotham Asset Management LLC’s holdings in Caterpillar were worth $70,161,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Evolve Private Wealth LLC acquired a new stake in Caterpillar in the 4th quarter valued at approximately $6,540,000. Electron Capital Partners LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $42,828,000. First Manhattan CO. LLC. raised its stake in Caterpillar by 1.6% during the 4th quarter. First Manhattan CO. LLC. now owns 4,585 shares of the industrial products company’s stock valued at $2,627,000 after purchasing an additional 71 shares during the last quarter. Capitolis Liquid Global Markets LLC grew its position in Caterpillar by 123.0% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 44,600 shares of the industrial products company’s stock worth $25,550,000 after purchasing an additional 24,600 shares during the last quarter. Finally, Claro Advisors Inc. increased its holdings in shares of Caterpillar by 6.6% during the 4th quarter. Claro Advisors Inc. now owns 552 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 34 shares during the period. 70.98% of the stock is owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: JPMorgan raised its price target on Caterpillar to $1,165 from $1,125 and kept an “overweight” rating, signaling continued confidence in the stock’s upside. MarketScreener
• Positive Sentiment: Articles highlighted Caterpillar as a blue-chip stock to own, helped by bullish market momentum as the Dow reached a new milestone. Zacks
• Positive Sentiment: Caterpillar recently increased its dividend, reinforcing management’s confidence in cash generation and making the stock more attractive to income investors. Yahoo Finance
• Positive Sentiment: Coverage also pointed to Caterpillar’s improving growth story, including a large AI-related backlog and rising demand in its power generation business, which supports a stronger long-term outlook. Yahoo Finance
• Neutral Sentiment: Several market recap pieces noted Caterpillar’s gains were helping lift the Dow to record highs, but these articles were more about broad index performance than a new company-specific catalyst. MSN

Insider Activity at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares in the company, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO William E. Schaupp sold 360 shares of Caterpillar stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total value of $326,160.00. Following the sale, the chief accounting officer directly owned 530 shares in the company, valued at $480,180. The trade was a 40.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,773 shares of company stock worth $87,642,635 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAT. Evercore reissued an “outperform” rating and set a $1,103.00 price objective on shares of Caterpillar in a report on Monday, May 11th. DA Davidson raised their target price on Caterpillar from $650.00 to $845.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $935.09.

Caterpillar Price Performance

Shares of CAT stock opened at $955.17 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12-month low of $356.96 and a 12-month high of $975.64. The firm has a fifty day moving average of $865.45 and a 200-day moving average of $735.73. The firm has a market capitalization of $439.94 billion, a price-to-earnings ratio of 47.54, a price-to-earnings-growth ratio of 1.87 and a beta of 1.59.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same period last year, the company earned $4.25 earnings per share. Caterpillar’s quarterly revenue was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 24.62 earnings per share for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is currently 30.06%.

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.