Caterpillar Inc. $CAT Stock Sold by First Financial Bank Trust Division

First Financial Bank Trust Division trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,696 shares of the industrial products company’s stock after selling 761 shares during the quarter. Caterpillar makes up 1.1% of First Financial Bank Trust Division’s investment portfolio, making the stock its 22nd largest position. First Financial Bank Trust Division’s holdings in Caterpillar were worth $14,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Diversify Advisory Services LLC purchased a new stake in Caterpillar in the 2nd quarter worth approximately $5,372,000. D.B. Root & Company LLC bought a new stake in Caterpillar in the second quarter valued at $850,000. Dearborn Partners LLC purchased a new position in Caterpillar during the 2nd quarter valued at $20,293,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Caterpillar by 4.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in shares of Caterpillar by 2.8% during the 4th 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 in the last quarter. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by corporate insiders.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: $1 billion North Carolina investment: Caterpillar plans to build a new Sanford manufacturing facility to increase production of compact track loaders and telehandlers. The project is expected to create more than 1,950 jobs and benefits from approximately $85 million in local incentives, supporting long-term capacity and revenue growth. Caterpillar to Invest $1 Billion in North Carolina
• Positive Sentiment: Exposure to a growing equipment segment: The expansion advances Caterpillar’s Cat Compact strategy and should help the company serve demand from residential construction, infrastructure and other job sites more quickly. Investors may view the commitment as evidence that management expects durable demand for smaller construction machines. Caterpillar’s Compact Equipment Investment
• Positive Sentiment: Broader growth initiatives: Caterpillar has agreed to acquire the Fabick Cat dealership, expanding its distribution footprint across several states. The move could improve customer access, aftermarket services and control of the dealer channel, while the company continues investing in mining technology, autonomy and AI-enabled equipment. Caterpillar North Carolina Expansion and Fabick Acquisition
• Neutral Sentiment: Execution and valuation remain considerations: The factory and dealership acquisition require significant capital and could pressure near-term returns before generating benefits. CAT’s strong recent performance, including earnings and revenue that exceeded expectations, has also lifted valuation, leaving the stock more sensitive to project execution, construction demand and future cash-flow growth.

Caterpillar Stock Up 2.0%

Shares of NYSE:CAT traded up $15.89 during trading on Thursday, reaching $826.68. 2,117,371 shares of the stock traded hands, compared to its average volume of 2,827,563. The stock has a market cap of $380.00 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 1.43 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The stock has a 50-day moving average of $824.50 and a two-hundred day moving average of $848.10. Caterpillar Inc. has a 52-week low of $483.55 and a 52-week high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.72 EPS. As a group, sell-side analysts expect that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CAT. Weiss Ratings downgraded shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. DA Davidson increased their price objective on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Truist Financial set a $980.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Finally, Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a research report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $994.38.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.