Texas Capital Bank Wealth Management Services Inc Raises Stock Position in Caterpillar Inc. $CAT

Texas Capital Bank Wealth Management Services Inc raised its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,738 shares of the industrial products company’s stock after acquiring an additional 1,170 shares during the quarter. Caterpillar makes up 0.8% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 25th largest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Caterpillar were worth $13,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pacific Point Advisors LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at $579,000. Brighton Jones LLC lifted its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares in the last quarter. United Bank lifted its stake in shares of Caterpillar by 108.5% during the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after buying an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock valued at $3,551,000 after buying an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Caterpillar by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after buying an additional 34,846 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 16,283 shares of the company’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 completion of the sale, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lange Bob De sold 24,222 shares of the company’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 sale, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 98,273 shares of company stock worth $89,439,960. Insiders own 0.33% of the company’s stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted as flashing a buy signal as the S&P 500 and Nasdaq hit new highs, suggesting technical momentum may be supporting the stock. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: Investors are also focusing on Caterpillar’s exposure to data-center power demand, with commentary pointing to about $10.2 billion in generator sales last year as a “hidden AI revenue stream.” A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Positive Sentiment: A new bill aimed at classifying municipal snow-removal machinery as emergency vehicles could modestly support future demand for Caterpillar snow-removal equipment from local governments. New Bill: Representative Jack Bergman introduces H.R. 8782: Protecting Lifesaving Operations during Winter Storms Act
• Neutral Sentiment: Additional articles discussed Caterpillar in broader market and industrial-stock roundups, but did not add new company-specific catalysts. Best Construction Stocks To Follow Today – May 23rd

Caterpillar Price Performance

Caterpillar stock opened at $910.54 on Thursday. The stock has a market cap of $419.39 billion, a price-to-earnings ratio of 45.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.63. 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 1 year low of $339.50 and a 1 year high of $931.35. The firm has a 50-day moving average of $803.84 and a two-hundred day moving average of $698.83.

Caterpillar (NYSE:CAT) last released its quarterly earnings data 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. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same period in the previous year, the company earned $4.25 EPS. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 24.67 earnings per share for the current year.

Caterpillar Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CAT shares. Daiwa Securities Group lifted their price target on shares of Caterpillar from $790.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group boosted their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a report on Friday, May 1st. HSBC boosted their target price on shares of Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Finally, Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an “equal weight” rating in a report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $923.14.

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.