2,361 Shares in Caterpillar Inc. $CAT Acquired by Elevate Wealth Advisory Inc.

Key Points

• Elevate Wealth Advisory acquired 2,361 Caterpillar shares worth approximately $1.914 million in the third quarter, making CAT about 1% of its portfolio. Institutional investors and hedge funds collectively own 70.98% of the company.
• Caterpillar reported strong operating results, with quarterly earnings of $7.20 per share exceeding estimates and revenue rising 17.3% year over year. Its backlog reached a record $78 billion, supported in part by a 75% increase in power-generation sales tied to data-center demand.
• Despite the strong demand outlook, several analysts cut their price targets amid concerns that Caterpillar trades at a significant premium to peers. The stock has a “Moderate Buy” consensus rating, while the company maintains a quarterly dividend of $1.63 per share.

Elevate Wealth Advisory Inc. bought a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,361 shares of the industrial products company's stock, valued at approximately $1,914,000. Caterpillar makes up about 1.0% of Elevate Wealth Advisory Inc.'s investment portfolio, making the stock its 23rd biggest position.

Several other large investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co grew its position in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 15 shares during the period. Axiom Investment Management LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $36,000. PFS Partners LLC increased its stake in shares of Caterpillar by 1,750.0% in the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 35 shares in the last quarter. Finally, Tacita Capital Inc purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $47,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar completed its acquisition of John Fabick Tractor Company, a more-than-century-old Cat dealer serving Missouri, Illinois, Wisconsin and Michigan’s Upper Peninsula. The transaction should expand Caterpillar’s regional distribution and strengthen parts, maintenance and equipment support, although financial terms were not disclosed. Caterpillar Inc. Acquires Fabick Cat Dealership
• Positive Sentiment: The company continues to benefit from strong demand: its third-quarter backlog reached a record $78 billion, while power-generation sales to users rose 75%, supported by data-center demand. One global bank reportedly sees substantial upside after the stock’s steep six-month decline. Caterpillar: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Freedom Broker lowered its price target to $800 from $980 but retained a Buy rating, implying considerable potential upside based on the current quotation. Truist also reiterated its Buy rating, providing some support for the long-term outlook. Freedom Broker Caterpillar Rating
• Negative Sentiment: DA Davidson cut its target to $685 from $882 and maintained a Neutral rating, arguing that Caterpillar trades at roughly a 50% premium to peers despite accelerating demand across its three segments. The sharp target reduction is putting the stock’s valuation premium under scrutiny. CAT Stock Gets Price Target Cuts
• Negative Sentiment: Additional target reductions from RBC, Citigroup, JPMorgan and Morgan Stanley are reinforcing concerns about Caterpillar’s elevated valuation and near-term risk, offsetting the company’s strong backlog and end-market demand.

Caterpillar Price Performance

NYSE:CAT opened at $612.78 on Tuesday. The stock has a 50 day moving average of $778.93 and a two-hundred day moving average of $807.40. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The firm has a market cap of $281.68 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business's quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.95 earnings per share. On average, analysts expect that Caterpillar Inc. will post 27.75 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.1%. Caterpillar's dividend payout ratio (DPR) is presently 25.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their price target on Caterpillar from $915.00 to $675.00 and set an "equal weight" rating on the stock in a research report on Friday. Oppenheimer restated an "outperform" rating and issued a $1,009.00 price objective on shares of Caterpillar in a research report on Thursday. Freedom Broker reduced their target price on Caterpillar from $980.00 to $800.00 and set a "buy" rating for the company in a research note on Monday. Sanford C. Bernstein reiterated a "market perform" rating and set a $749.00 target price on shares of Caterpillar in a research report on Wednesday, October 14th. Finally, DA Davidson dropped their price target on shares of Caterpillar from $882.00 to $685.00 and set a "neutral" rating on the stock in a research note on Monday. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $898.25.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares of the company's stock, valued at $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 is available through this hyperlink. Insiders own 0.33% of the company's stock.

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.

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