Elite Wealth Management Inc. Invests $1.82 Million in Caterpillar Inc. $CAT

Elite Wealth Management Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 1st quarter, Holdings Channel.com reports. The institutional investor bought 2,572 shares of the industrial products company’s stock, valued at approximately $1,822,000. Caterpillar accounts for 0.6% of Elite Wealth Management Inc.’s holdings, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its position in Caterpillar by 2.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 604 shares during the last quarter. Juno Financial Group LLC bought a new stake in shares of Caterpillar in the 4th quarter worth about $877,000. DSG Capital Advisors LLC bought a new stake in shares of Caterpillar in the 1st quarter worth about $1,226,000. Cornerstone Planning LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at about $4,517,000. Finally, Ticino Wealth bought a new position in shares of Caterpillar in the 4th quarter valued at about $2,488,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wolfe Research lifted their target price on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. HSBC increased their price target on Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Finally, UBS Group restated a “neutral” rating and issued a $900.00 price target on shares of Caterpillar in a research report on Tuesday, June 2nd. Fourteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $980.57.

Caterpillar Price Performance

Shares of CAT stock opened at $873.54 on Tuesday. The stock’s 50-day moving average is $929.10 and its 200 day moving average is $807.20. 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 Inc. has a 1-year low of $405.46 and a 1-year high of $1,073.46. The company has a market cap of $402.34 billion, a P/E ratio of 43.48, a PEG ratio of 1.74 and a beta of 1.57.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share 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 firm had revenue of $17.41 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same quarter last year, the firm earned $4.25 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. Research analysts predict that Caterpillar Inc. will post 24.87 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company 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 an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, July 20th. Caterpillar’s payout ratio is currently 32.45%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s stock has approximately doubled over the past year. Investors have been encouraged by strong operating momentum and expectations that demand from data-center construction and related infrastructure spending could support future equipment sales. Caterpillar Stock Is Up 100% in a Year
• Positive Sentiment: The company’s most recent earnings report provided a fundamental backdrop for the rally: Caterpillar exceeded analysts’ quarterly earnings and revenue estimates, while revenue increased 22.2% year over year. This suggests strong demand and operating leverage, although investors may now require continued earnings growth to justify the elevated share price.
• Neutral Sentiment: Caterpillar has become a highly watched or “trending” stock on Zacks, increasing visibility among investors. However, heightened attention can contribute to greater trading volatility and does not itself change the company’s earnings outlook. Caterpillar Is a Trending Stock
• Negative Sentiment: Erste Group Bank AG downgraded Caterpillar from “buy” to “hold.” The change likely reflects caution after the substantial run-up, with investors potentially reassessing risk-reward prospects at a historically high valuation. Finviz Caterpillar Listing
• Negative Sentiment: Investor Michael Burry’s reported short position in Caterpillar benefited during the July pullback, highlighting the presence of bearish positioning. The stock’s roughly 100% annual gain, elevated price-to-earnings ratio and recent decline make profit-taking and volatility risks more significant. Michael Burry’s Short Bets on Caterpillar

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of the sale, the insider directly owned 86,029 shares in the company, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the 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 sale, the chief financial officer owned 52,935 shares in the company, valued at $48,631,913.85. The trade was a 22.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,773 shares of company stock worth $87,642,635 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

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.