1,717 Shares in Caterpillar Inc. $CAT Purchased by Smith Chas P & Associates PA Cpas

Key Points

• Smith Chas P & Associates PA Cpas opened a new position in Caterpillar, buying 1,717 shares valued at about $984,000 in the fourth quarter.
• Other institutional investors also added to their Caterpillar stakes, and overall 70.98% of the stock is owned by institutions, showing continued large-investor interest.
• Caterpillar posted strong quarterly results, with EPS of $5.54 and revenue of $17.42 billion, both beating analyst expectations; the company also paid a quarterly dividend of $1.51 per share.

Smith Chas P & Associates PA Cpas acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,717 shares of the industrial products company's stock, valued at approximately $984,000.

Several other large investors also recently bought and sold shares of the business. Plancorp LLC increased its holdings in Caterpillar by 0.5% in the 4th quarter. Plancorp LLC now owns 2,777 shares of the industrial products company's stock worth $1,591,000 after buying an additional 15 shares in the last quarter. BlueStem Wealth Partners LLC increased its holdings in Caterpillar by 1.3% in the 4th quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company's stock worth $683,000 after buying an additional 15 shares in the last quarter. KDT Advisors LLC increased its holdings in Caterpillar by 2.3% in the 4th quarter. KDT Advisors LLC now owns 657 shares of the industrial products company's stock worth $376,000 after buying an additional 15 shares in the last quarter. CFO4Life Group LLC increased its holdings in Caterpillar by 2.5% in the 4th quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company's stock worth $359,000 after buying an additional 15 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in Caterpillar by 1.2% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,279 shares of the industrial products company's stock worth $733,000 after buying an additional 15 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CAT. DA Davidson lifted their price objective on Caterpillar from $650.00 to $845.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. UBS Group restated a "neutral" rating and set a $677.00 price target on shares of Caterpillar in a research note on Monday, February 2nd. Evercore restated an "outperform" rating and set a $1,103.00 price target on shares of Caterpillar in a research note on Monday, May 11th. Morgan Stanley set a $915.00 price target on Caterpillar and gave the company an "equal weight" rating in a research note on Friday, May 1st. Finally, Daiwa Securities Group boosted their price target on Caterpillar from $790.00 to $900.00 and gave the company a "neutral" rating in a research note on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $923.14.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 5,642 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the transaction, the insider directly owned 9,594 shares of the company's stock, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares in the company, valued at approximately $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 98,273 shares of company stock worth $89,439,960 in the last quarter. 0.33% of the stock is owned by insiders.

Trending Headlines about Caterpillar

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 Stock Up 0.2%

NYSE CAT opened at $910.54 on Thursday. The stock's 50 day moving average is $803.84 and its 200 day moving average is $698.83. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12 month low of $339.50 and a 12 month high of $931.35. The stock has a market cap of $419.39 billion, a PE ratio of 45.32, a P/E/G ratio of 1.79 and a beta of 1.63.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.42 billion for the quarter, compared to analysts' expectations of $16.53 billion. During the same period in the previous year, the firm earned $4.25 EPS. The firm's revenue was up 22.2% compared to the same quarter last year. Research analysts predict that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Caterpillar Company 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.

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