Caterpillar Inc. $CAT Stock: Yousif Capital Management LLC Lowers Position

Yousif Capital Management LLC decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 61,629 shares of the industrial products company’s stock after selling 902 shares during the period. Caterpillar makes up approximately 0.5% of Yousif Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. Yousif Capital Management LLC’s holdings in Caterpillar were worth $49,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. BIP Wealth LLC lifted its holdings in shares of Caterpillar by 4.0% during the 3rd quarter. BIP Wealth LLC now owns 1,615 shares of the industrial products company’s stock worth $1,309,000 after acquiring an additional 62 shares during the last quarter. Boomfish Wealth Group LLC increased its stake in Caterpillar by 4.3% in the third quarter. Boomfish Wealth Group LLC now owns 387 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 16 shares during the last quarter. MBL Wealth LLC raised its position in Caterpillar by 19.1% during the third quarter. MBL Wealth LLC now owns 3,795 shares of the industrial products company’s stock valued at $3,077,000 after purchasing an additional 609 shares in the last quarter. Insight Advisors LLC PA raised its position in Caterpillar by 2.5% during the third quarter. Insight Advisors LLC PA now owns 1,331 shares of the industrial products company’s stock valued at $1,079,000 after purchasing an additional 33 shares in the last quarter. Finally, Compass Wealth Management LLC purchased a new position in shares of Caterpillar in the 3rd quarter worth about $129,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Insider Buying and Selling

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

Caterpillar Trading Down 2.5%

Shares of NYSE:CAT traded down $17.53 on Friday, reaching $686.52. 3,016,836 shares of the company traded hands, compared to its average volume of 2,596,919. The business’s 50-day simple moving average is $798.82 and its 200 day simple moving average is $855.65. Caterpillar Inc. has a 52 week low of $521.02 and a 52 week high of $1,073.46. The stock has a market capitalization of $315.57 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last released its 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 return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the company posted $4.72 EPS. Caterpillar’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s payout ratio is 28.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC set a $980.00 price objective on Caterpillar in a research report on Thursday, September 10th. Oppenheimer cut their target price on Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Robert W. Baird set a $970.00 target price on Caterpillar in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Finally, President Capital initiated coverage on shares of Caterpillar in a research note on Friday, September 18th. They set a “buy” rating and a $999.00 price target on the stock. Fifteen equities research 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, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $967.83.

Caterpillar Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.