Caterpillar Inc. $CAT Stock Acquired by CX Institutional

CX Institutional boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 102.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,263 shares of the industrial products company’s stock after acquiring an additional 12,772 shares during the quarter. CX Institutional’s holdings in Caterpillar were worth $19,724,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CAT. BlackRock Inc. purchased a new stake in Caterpillar in the second quarter valued at approximately $40,457,153,000. State Street Corp grew its stake in shares of Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after buying an additional 1,396,356 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Caterpillar in the 2nd quarter valued at $5,818,150,000. Diamant Asset Management Inc. lifted its stake in Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Caterpillar by 2.3% during the 4th quarter. Invesco Ltd. now owns 3,031,666 shares of the industrial products company’s stock valued at $1,736,750,000 after acquiring an additional 68,770 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CAT shares. Oppenheimer reaffirmed an “outperform” rating and set a $1,118.00 target price on shares of Caterpillar in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Weiss Ratings lowered Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Finally, Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $994.38.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Market rally lifts CAT: Caterpillar was one of the notable contributors to a roughly 400-point Dow rally, benefiting from renewed demand for large-cap industrial stocks and gains in technology and manufacturing shares. Dow’s 400-point rally led by gains in Caterpillar, NVIDIA Corp. shares
• Positive Sentiment: $1 billion North Carolina expansion: Caterpillar plans a new Sanford, North Carolina, manufacturing facility expected to create more than 1,950 jobs. The site will expand production of compact track loaders and other compact construction equipment, supporting the company’s Cat Compact growth strategy and adding capacity in a growing product category. Caterpillar invests $1B in Sanford expansion
• Positive Sentiment: Broader investment and distribution strategy: Coverage indicates Caterpillar and Ultium Cells are making major facility investments, while CAT also plans to acquire Fabick Cat, a long-established dealership. These moves could strengthen manufacturing capacity, distribution and customer reach, though they require substantial capital. Caterpillar and Ultium Cells make $1B facility investments
• Neutral Sentiment: Analyst support is constructive but not decisive: Caterpillar’s average brokerage recommendation favors investment, but the report cautions that sell-side ratings can be overly optimistic. With CAT trading at a high earnings multiple, further upside likely depends on sustained earnings growth rather than ratings alone. Caterpillar Is Considered a Good Investment by Brokers

Caterpillar Trading Up 2.3%

Shares of NYSE:CAT traded up $19.03 during midday trading on Friday, reaching $845.38. The company’s stock had a trading volume of 2,385,006 shares, compared to its average volume of 2,825,425. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market cap of $388.60 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 1.41 and a beta of 1.58. The business has a 50 day moving average price of $823.18 and a 200 day moving average price of $849.04. Caterpillar Inc. has a 1 year low of $483.55 and a 1 year high of $1,073.46.

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

Caterpillar Profile

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.