Caterpillar Inc. $CAT Shares Purchased by Americana Partners LLC

Americana Partners LLC lifted its position in Caterpillar Inc. (NYSE:CAT) by 12.4% in the fourth quarter, Holdings Channel reports. The firm owned 35,218 shares of the industrial products company’s stock after acquiring an additional 3,880 shares during the period. Americana Partners LLC’s holdings in Caterpillar were worth $20,175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Mizuho Markets Americas LLC boosted its position in shares of Caterpillar by 7,096.5% in the 4th quarter. Mizuho Markets Americas LLC now owns 47,281 shares of the industrial products company’s stock valued at $27,086,000 after purchasing an additional 46,624 shares during the period. Daviman Financial LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $568,000. Ruedi Wealth Management Inc. acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $220,000. Legato Capital Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $535,000. Finally, RD Lewis Holdings Inc. boosted its position in shares of Caterpillar by 0.4% in the 4th quarter. RD Lewis Holdings Inc. now owns 5,292 shares of the industrial products company’s stock valued at $3,032,000 after purchasing an additional 22 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Daiwa Securities Group upped their target price on Caterpillar from $790.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. HSBC increased their price objective on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating and set a $677.00 price objective on shares of Caterpillar in a research report on Monday, February 2nd. Williams Trading set a $825.00 price objective on Caterpillar in a research report on Tuesday, March 10th. Finally, Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $923.14.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider owned 86,029 shares in the company, valued at approximately $79,397,884.68. This trade represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise C. Johnson sold 12,605 shares of Caterpillar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the transaction, the insider owned 49,825 shares in the company, valued at $45,236,615.75. The trade was a 20.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,551 shares of company stock valued at $91,170,351 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

CAT stock opened at $880.23 on Friday. Caterpillar Inc. has a 52-week low of $336.24 and a 52-week high of $931.35. The stock’s fifty day simple moving average is $791.73 and its 200-day simple moving average is $690.84. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $405.42 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.63.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. During the same quarter last year, the firm earned $4.25 earnings per share. The business’s revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

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

Caterpillar 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.