1,667 Shares of Caterpillar Inc. $CAT Bought by Sawyer & Company Inc

Key Points

• Sawyer & Company acquired 1,667 Caterpillar shares during the third quarter, valued at approximately $1.35 million. Institutional investors collectively own about 71% of CAT’s outstanding stock.
• Caterpillar reported quarterly EPS of $8.17, well above the $6.22 consensus estimate, while revenue reached $20.54 billion and increased 23.7% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $967.83, though Caterpillar’s elevated valuation and recent insider selling present potential risks.

Sawyer & Company Inc bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,667 shares of the industrial products company's stock, valued at approximately $1,352,000.

Several other hedge funds have also recently added to or reduced their stakes in CAT. BlackRock Inc. acquired a new stake in Caterpillar during the second quarter valued at approximately $40,457,153,000. Bank of America Corp DE bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $5,818,150,000. Diamant Asset Management Inc. raised its holdings in shares of Caterpillar by 68,427.2% in the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock worth $2,224,992,000 after buying an additional 3,136,020 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Caterpillar in the 2nd quarter worth approximately $3,192,710,000. Finally, Legal & General Group Plc bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of several recent analyst reports. Robert W. Baird set a $970.00 price target on Caterpillar in a research note on Wednesday, August 5th. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. UBS Group increased their price objective on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Zacks Research cut Caterpillar from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, Royal Bank Of Canada boosted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $967.83.

Caterpillar Stock Performance

NYSE CAT opened at $740.20 on Thursday. Caterpillar Inc. has a 1-year low of $510.21 and a 1-year high of $1,073.46. The company has a 50 day moving average of $805.28 and a 200-day moving average of $856.93. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm has a market cap of $340.25 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.24 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. Caterpillar's revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.72 EPS. On average, equities analysts forecast that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be given a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 0.9%. Caterpillar's payout ratio is presently 28.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Improving earnings outlook: Caterpillar has a strong history of exceeding quarterly estimates, and analysts see the company as having favorable conditions for another earnings beat. Its latest reported quarter also substantially exceeded consensus expectations for earnings and revenue. Will Caterpillar Beat Estimates Again
• Positive Sentiment: Strong backlog and raised outlook: Caterpillar is supported by a record $72 billion backlog, strong cash flow and an increased 2026 sales-growth outlook. Although the dividend was held steady, these factors could support future dividend growth and capital returns. CAT Keeps Dividend Unchanged
• Positive Sentiment: Rating and analyst support: Caterpillar was upgraded to Zacks Rank #2 (Buy), reflecting greater optimism about its earnings prospects. The average brokerage price target of approximately $967.83 is well above the recent trading level, although targets are not guarantees. Caterpillar Rating Upgrade
• Neutral Sentiment: Dealer technology partnership: IronSight AI and Fast Iron announced a platform that helps Caterpillar, Komatsu and Volvo equipment dealers identify and sell used parts using smartphone images. The development may improve dealer efficiency, but it is not expected to have a material near-term effect on Caterpillar’s financial results. IronSight AI and Fast Iron Partnership
• Negative Sentiment: Valuation and trading risks: Caterpillar’s elevated valuation leaves the stock vulnerable to a pullback if earnings momentum slows. ETFs were also reported as net sellers, while commentary cautioned that analyst optimism may already be reflected in the share price. Caterpillar Stock Pullback Risk

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.

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