Choate Investment Advisors Sells 1,636 Shares of Caterpillar Inc. $CAT

Choate Investment Advisors decreased its position in Caterpillar Inc. (NYSE:CAT) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,360 shares of the industrial products company’s stock after selling 1,636 shares during the quarter. Choate Investment Advisors’ holdings in Caterpillar were worth $5,362,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Plancorp LLC lifted its holdings in Caterpillar by 0.5% in the fourth quarter. Plancorp LLC now owns 2,777 shares of the industrial products company’s stock valued at $1,591,000 after acquiring an additional 15 shares during the period. BlueStem Wealth Partners LLC lifted its holdings in Caterpillar by 1.3% in the fourth quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company’s stock valued at $683,000 after acquiring an additional 15 shares during the period. KDT Advisors LLC raised its stake in shares of Caterpillar by 2.3% in the fourth quarter. KDT Advisors LLC now owns 657 shares of the industrial products company’s stock worth $376,000 after buying an additional 15 shares during the period. CFO4Life Group LLC raised its stake in shares of Caterpillar by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company’s stock worth $359,000 after buying an additional 15 shares during the period. Finally, Sandy Cove Advisors LLC raised its stake in shares of Caterpillar by 1.2% in the fourth quarter. Sandy Cove Advisors LLC now owns 1,279 shares of the industrial products company’s stock worth $733,000 after buying an additional 15 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent research reports. Robert W. Baird raised their price objective on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Barclays raised their price objective on Caterpillar from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Citigroup raised their price objective on Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Wells Fargo & Company raised their price objective on Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $923.14.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Caterpillar Stock Up 0.0%

Shares of CAT opened at $880.23 on Monday. The business’s 50 day moving average is $791.73 and its 200 day moving average is $691.69. The company has a market capitalization of $405.42 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. Caterpillar Inc. has a 12-month low of $336.24 and a 12-month high of $931.35. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last issued 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 $17.42 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company earned $4.25 EPS. Research analysts expect that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is 30.06%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of the transaction, the insider owned 86,029 shares in the company, valued at $79,397,884.68. This trade represents a 21.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 16,283 shares of the firm’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 value of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This represents a 26.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 98,273 shares of company stock worth $89,439,960 in the last three months. Corporate insiders own 0.33% of the company’s stock.

About Caterpillar

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.