Caterpillar Inc. $CAT Stake Raised by Kestra Investment Management LLC

Kestra Investment Management LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 49.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,792 shares of the industrial products company’s stock after acquiring an additional 926 shares during the period. Kestra Investment Management LLC’s holdings in Caterpillar were worth $2,264,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Decker Retirement Planning Inc. increased its stake in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares during the period. PFS Partners LLC lifted its stake in shares of Caterpillar by 1,750.0% in the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 35 shares during the period. Matrix Trust Co boosted its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after buying an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar in the 2nd quarter worth about $36,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in Caterpillar during the 1st quarter valued at about $46,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

CAT opened at $598.35 on Tuesday. The stock has a market capitalization of $275.04 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 1.02 and a beta of 1.65. The company has a fifty day moving average of $756.16 and a 200 day moving average of $806.00. Caterpillar Inc. has a fifty-two week low of $537.08 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. The company had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. Caterpillar’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 EPS. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.39 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating for the company in a report on Monday, October 26th. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. dropped their price target on shares of Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Finally, Citigroup decreased their target price on Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, October 30th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $898.25.

Insider Activity

In related news, CEO Joseph Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Fish, Jr. purchased 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $620.39 per share, with a total value of $620,390.00. Following the acquisition, the director directly owned 4,714 shares in the company, valued at $2,924,518.46. This represents a 26.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.33% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic took over an order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights demand for power equipment from AI companies and could support Caterpillar’s generator business. Article: Caterpillar Stocks Jump 6.61% as Anthropic Takes Over $3.4 Billion Generator Order
• Positive Sentiment: Caterpillar and Phoenix Service Partners reported an ultra-low-methane emissions technology for large gas-compression systems. It may help customers meet environmental and permitting requirements, though the article does not quantify potential sales. Article: Why Is Caterpillar Pushing Ultra Low Methane Gas Compression?
• Neutral Sentiment: CAT’s rebound accompanied a strong Dow rally, suggesting broad-market strength contributed to the move. Technical analysis said the shares cleared several daily resistance levels but that the broader trend remained weak. Article: Dow’s nearly 700-point rally highlighted by gains for Amazon.com Inc., Caterpillar shares Article: Caterpillar stock support and resistance levels after 5.8% rebound
• Negative Sentiment: A recent report noted CAT had fallen about 10% in the prior week despite record quarterly sales and a $78 billion backlog, pointing to lingering concerns about the stock’s momentum. Article: Caterpillar Stock Sinks 10% in a Week Despite Record Backlog
• Negative Sentiment: Coverage of Michael Burry cashing in on Caterpillar put options after a reported fourfold gain highlights that bearish investors had profited from the stock’s recent weakness; it does not establish his current position. Article: Michael Burry Cashes In On Caterpillar Puts After 4X Gain

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand.

Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.