2,573 Caterpillar Inc. $CAT Shares Purchased by Doliver Advisors LP

Key Points

• Doliver Advisors increased its Caterpillar stake by 141.5% in the third quarter, purchasing 2,573 additional shares for a total holding of 4,391 shares valued at approximately $3.56 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 beating estimates of $6.22 and revenue of $20.54 billion exceeding forecasts of $19.34 billion; revenue rose 23.7% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $994.38, although CEO Joseph Creed recently sold 32,401 shares worth about $26.2 million.

Doliver Advisors LP grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 141.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,391 shares of the industrial products company's stock after purchasing an additional 2,573 shares during the quarter. Caterpillar comprises about 0.8% of Doliver Advisors LP's portfolio, making the stock its 21st biggest holding. Doliver Advisors LP's holdings in Caterpillar were worth $3,560,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its holdings in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co grew its position in shares of Caterpillar by 93.8% in 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 position in shares of Caterpillar during the 2nd quarter worth about $36,000. Lam Group Inc. bought a new stake in shares of Caterpillar in the 1st quarter valued at about $26,000. Finally, Tacita Capital Inc bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $47,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Performance

CAT stock traded up $15.89 during trading hours on Thursday, hitting $826.68. 2,117,371 shares of the stock were exchanged, compared to its average volume of 2,827,563. The company has a 50-day simple moving average of $824.50 and a two-hundred day simple moving average of $848.10. The firm has a market capitalization of $380.00 billion, a P/E ratio of 35.57, a P/E/G ratio of 1.43 and a beta of 1.60. Caterpillar Inc. has a 12 month low of $483.55 and a 12 month high of $1,073.46. 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 quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $4.72 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer directly 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 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 subject of a number of research analyst reports. Oppenheimer reiterated an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Zacks Research upgraded Caterpillar from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Needham & Company LLC set a $980.00 price target on Caterpillar in a research note on Thursday, September 10th. Citigroup reaffirmed a "buy" rating on shares of Caterpillar in a research report on Monday, September 14th. Finally, Weiss Ratings cut shares of Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus target price of $994.38.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: $1 billion North Carolina investment: Caterpillar plans to build a new Sanford manufacturing facility to increase production of compact track loaders and telehandlers. The project is expected to create more than 1,950 jobs and benefits from approximately $85 million in local incentives, supporting long-term capacity and revenue growth. Caterpillar to Invest $1 Billion in North Carolina
• Positive Sentiment: Exposure to a growing equipment segment: The expansion advances Caterpillar’s Cat Compact strategy and should help the company serve demand from residential construction, infrastructure and other job sites more quickly. Investors may view the commitment as evidence that management expects durable demand for smaller construction machines. Caterpillar’s Compact Equipment Investment
• Positive Sentiment: Broader growth initiatives: Caterpillar has agreed to acquire the Fabick Cat dealership, expanding its distribution footprint across several states. The move could improve customer access, aftermarket services and control of the dealer channel, while the company continues investing in mining technology, autonomy and AI-enabled equipment. Caterpillar North Carolina Expansion and Fabick Acquisition
• Neutral Sentiment: Execution and valuation remain considerations: The factory and dealership acquisition require significant capital and could pressure near-term returns before generating benefits. CAT’s strong recent performance, including earnings and revenue that exceeded expectations, has also lifted valuation, leaving the stock more sensitive to project execution, construction demand and future cash-flow growth.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.

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