Caterpillar Inc. $CAT Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors lessened its position in shares of Caterpillar Inc. (NYSE:CAT) by 49.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,028 shares of the industrial products company’s stock after selling 1,008 shares during the period. Kelleher Financial Advisors’ holdings in Caterpillar were worth $833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC boosted its position in shares of Caterpillar by 0.7% during the second quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock worth $1,741,000 after buying an additional 11 shares during the period. Inspirion Wealth Advisors LLC raised its position in Caterpillar by 1.2% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock valued at $936,000 after buying an additional 11 shares during the last quarter. Bell Bank raised its position in Caterpillar by 0.6% in the 2nd quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock valued at $1,986,000 after buying an additional 11 shares during the last quarter. Cornerstone Advisory LLC raised its position in Caterpillar by 0.7% in the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after buying an additional 12 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in Caterpillar by 0.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,057 shares of the industrial products company’s stock valued at $2,190,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported a record $78 billion backlog and is expanding engine and turbine capacity to serve surging data-center power demand—an important growth opportunity. Article: CAT Q3 Earnings Call Highlights Record Backlog and Capacity Push
• Positive Sentiment: Director James Fish bought 1,000 shares for about $620,000, increasing his stake by nearly 27%; the insider purchase may indicate confidence in the company. Article: Caterpillar Director Purchases Stock
• Neutral Sentiment: Caterpillar completed its acquisition of Fabick Cat, a regional dealership. The deal expands its dealer operations, but the articles provide no estimate of its near-term financial impact. Article: Caterpillar Completes Fabick Cat Acquisition
• Negative Sentiment: Morgan Stanley cut its price target by 26% after earnings, citing falling orders and dealers trimming inventory. The firm sees the stock facing a more cyclical test after its AI-related rally. Article: Morgan Stanley Cuts Caterpillar Stock Price Target
• Negative Sentiment: Despite robust demand, tariffs, manufacturing costs and production constraints are pressuring margins and limiting how quickly Caterpillar can fulfill its backlog. Article: Caterpillar Backlog Meets Capacity Constraints
• Negative Sentiment: One report attributed weakness partly to a broader pullback in AI-linked stocks following the U.S. election, noting Caterpillar was being traded as an AI-power beneficiary despite no company-specific news. Article: Caterpillar Sinks as Investors Reassess AI Trade

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the 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 of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C Jr bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, with a total value of $620,390.00. Following the completion of the purchase, the director directly owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This represents a 26.93% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,009.00 price target on shares of Caterpillar in a research report on Thursday, October 29th. Barclays lifted their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. DA Davidson cut their price objective on shares of Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, Weiss Ratings cut shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Price Performance

NYSE:CAT opened at $591.34 on Thursday. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46. The company has a market cap of $271.82 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. The stock’s 50-day simple moving average is $770.75 and its 200 day simple moving average is $807.05.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. The firm had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.95 earnings per share. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.62 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio is currently 25.58%.

About Caterpillar

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.