3,018 Shares in Caterpillar Inc. $CAT Acquired by Summit Wealth Partners LLC

Summit Wealth Partners LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,018 shares of the industrial products company’s stock, valued at approximately $2,138,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Caterpillar by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock worth $26,572,681,000 after acquiring an additional 442,164 shares during the period. State Street Corp increased its position in Caterpillar by 1.1% during the 4th quarter. State Street Corp now owns 35,388,550 shares of the industrial products company’s stock valued at $20,273,039,000 after purchasing an additional 385,204 shares during the period. Geode Capital Management LLC raised its holdings in shares of Caterpillar by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock valued at $6,072,572,000 after purchasing an additional 94,524 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Caterpillar by 0.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after purchasing an additional 54,069 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Caterpillar by 16.0% in the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock worth $3,860,457,000 after purchasing an additional 928,974 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is benefiting from news that Chevron will supply power to a major Microsoft data center using natural gas turbines from Caterpillar and GE Vernova, highlighting CAT’s role in the booming AI infrastructure and power-generation market.
• Positive Sentiment: The stock has extended its winning streak for seven consecutive sessions, with traders pointing to a record run and strong technical momentum as a reason for continued buying.
• Positive Sentiment: Analysts and market commentary are increasingly bullish on Caterpillar’s long-term outlook, citing its high-quality business profile, strong earnings backdrop, and recent dividend increase of 8% to $1.63 per share.
• Neutral Sentiment: Several recent articles simply note that Caterpillar is drawing heavy investor attention and screening well in “top stock” and “high quality” lists, which supports interest but does not add a new fundamental catalyst.
• Neutral Sentiment: Market commentary also notes that Caterpillar’s share price has climbed above the $1,000 level, underscoring momentum, but this is more a milestone than a new driver.
• Negative Sentiment: One valuation-focused note says Caterpillar may be overvalued after its recent rally, which could temper enthusiasm if investors start worrying about the stock’s stretched multiple.

Caterpillar Stock Up 3.5%

Caterpillar stock opened at $1,020.36 on Tuesday. Caterpillar Inc. has a 1-year low of $357.73 and a 1-year high of $1,023.29. The business has a fifty day moving average price of $879.72 and a 200-day moving average price of $744.67. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The stock has a market capitalization of $469.97 billion, a price-to-earnings ratio of 50.79, a PEG ratio of 1.95 and a beta of 1.59.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. The company had revenue of $17.41 billion for 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 firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.25 EPS. Equities research analysts forecast that Caterpillar Inc. will post 24.64 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently disclosed 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 represents a $6.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is 30.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CAT shares. Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Jefferies Financial Group increased their target price on Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Sanford C. Bernstein upped their price objective on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research note on Friday, May 1st. Finally, Bank of America raised their price objective on Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research report on Friday, May 1st. One research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $935.09.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the sale, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. This represents a 22.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,773 shares of company stock worth $87,642,635 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Caterpillar 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.