Jamison Private Wealth Management Inc. Lowers Holdings in Caterpillar Inc. $CAT

Jamison Private Wealth Management Inc. lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 2.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,974 shares of the industrial products company’s stock after selling 796 shares during the quarter. Caterpillar comprises 2.8% of Jamison Private Wealth Management Inc.’s holdings, making the stock its 4th biggest position. Jamison Private Wealth Management Inc.’s holdings in Caterpillar were worth $23,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CAT. Lam Group Inc. acquired a new stake in Caterpillar in the 1st quarter worth about $26,000. Torren Management LLC acquired a new position in shares of Caterpillar during the 4th quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 33 shares during the period. IFS Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at approximately $31,000. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Caterpillar in the fourth quarter valued at approximately $32,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Truist raised its price target on Caterpillar to $1,218 from $1,043 and kept a Buy rating, signaling confidence in further upside from current levels. Benzinga coverage of Truist rating update
• Positive Sentiment: Multiple research updates highlighted stronger earnings expectations, including Zacks lifting Q2 2028 estimates and reaffirming a Strong Buy view, which supports the stock’s long-term outlook. Zacks analyst coverage
• Positive Sentiment: Caterpillar announced an investment in Texas manufacturing workforce development, which could help address labor shortages and support future production capacity. PR Newswire article
• Neutral Sentiment: Several market commentary pieces pointed out that CAT remains a blue-chip industrial favorite, with strong backlog, Q1 growth, and inclusion in the Russell Top 50 Index supporting its recent run. Yahoo Finance article
• Negative Sentiment: Michael Burry disclosed a first-ever short position in Caterpillar, arguing the stock has become too expensive after a big AI-driven move, which is pressuring sentiment around CAT. Yahoo Finance article
• Negative Sentiment: Additional reports echoed Burry’s bearish bet and questioned whether Caterpillar’s valuation has outrun fundamentals, reinforcing downside pressure on the shares. IBTimes article

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America raised their price objective on Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. DA Davidson boosted their price target on Caterpillar from $650.00 to $845.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Williams Trading set a $825.00 price objective on shares of Caterpillar in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $949.41.

Caterpillar Stock Down 2.6%

Shares of CAT opened at $965.44 on Friday. The firm has a 50 day simple moving average of $915.19 and a two-hundred day simple moving average of $767.65. 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 one year low of $388.09 and a one year high of $1,073.46. The company has a market cap of $444.67 billion, a P/E ratio of 48.06, a P/E/G ratio of 1.96 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter last year, the business posted $4.25 EPS. The company’s revenue was up 22.2% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 24.66 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a $1.63 dividend. This is a boost 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 dividend payout ratio (DPR) is presently 30.06%.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 24,222 shares of the company’s 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 transaction, the insider directly owned 86,029 shares in the company, valued at $79,397,884.68. This represents a 21.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 5,642 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares of the company’s stock, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 95,773 shares of company stock valued at $87,642,635. Company insiders own 0.33% of the company’s stock.

Caterpillar Company 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.