Representative Jefferson Shreve (R-Indiana) recently bought shares of Caterpillar Inc. NYSE: CAT. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Caterpillar stock on April 17th.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
- Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
Caterpillar Price Performance
Shares of CAT traded up $10.03 during trading hours on Tuesday, reaching $352.58. 4,131,400 shares of the stock traded hands, compared to its average volume of 2,639,657. The company has a market cap of $166.08 billion, a P/E ratio of 15.98, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. The company's 50-day moving average price is $316.84 and its two-hundred day moving average price is $354.65. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing analysts' consensus estimates of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business had revenue of $14.25 billion during the quarter, compared to the consensus estimate of $14.64 billion. During the same period last year, the company earned $5.60 EPS. The business's revenue was down 9.8% on a year-over-year basis. On average, analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.
Caterpillar Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st will be given a dividend of $1.41 per share. The ex-dividend date of this dividend is Monday, April 21st. This represents a $5.64 annualized dividend and a dividend yield of 1.60%. Caterpillar's payout ratio is 27.49%.
Institutional Investors Weigh In On Caterpillar
Several institutional investors have recently made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Caterpillar in the fourth quarter valued at approximately $31,000. Finally, Investment Management Corp VA ADV bought a new position in Caterpillar in the fourth quarter worth approximately $33,000. Institutional investors own 70.98% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research note on Wednesday, February 19th. Citigroup raised their price objective on Caterpillar from $320.00 to $370.00 and gave the company a "buy" rating in a research report on Monday, May 5th. StockNews.com downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Robert W. Baird upgraded Caterpillar from a "neutral" rating to an "outperform" rating and raised their price target for the company from $309.00 to $395.00 in a report on Tuesday. Finally, Truist Financial reaffirmed a "buy" rating and set a $396.00 price objective (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $377.83.
View Our Latest Stock Report on CAT
Insiders Place Their Bets
In related news, insider Jason Kaiser sold 2,425 shares of Caterpillar stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $354.70, for a total transaction of $860,147.50. Following the transaction, the insider now directly owns 6,275 shares of the company's stock, valued at $2,225,742.50. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Maclennan purchased 375 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was bought at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the completion of the acquisition, the director now directly owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is currently owned by company insiders.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
About Caterpillar
(
Get Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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