3,802 Caterpillar Inc. $CAT Shares Sold by Gibson Capital LLC

Key Points

• Gibson Capital LLC cut its Caterpillar stake by 92.3% in the third quarter, selling 3,802 shares and retaining 315 shares valued at approximately $255,000.
• Analysts maintain a generally favorable view, with Caterpillar carrying a “Moderate Buy” consensus rating and an average price target of $967.83; 15 analysts rate it Buy versus 12 Holds.
• Caterpillar recently exceeded quarterly earnings and revenue expectations, while investors await its next report amid optimism for continued earnings growth. The company also declared a quarterly dividend of $1.63 per share.

Gibson Capital LLC reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 92.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 315 shares of the industrial products company's stock after selling 3,802 shares during the quarter. Gibson Capital LLC's holdings in Caterpillar were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Decker Retirement Planning Inc. boosted its holdings in shares of 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 purchasing an additional 22 shares during the last quarter. Matrix Trust Co raised its stake in Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after purchasing an additional 15 shares during the period. Axiom Investment Management LLC acquired a new position in Caterpillar in the second quarter valued at $36,000. Lam Group Inc. purchased a new stake in Caterpillar during the first quarter valued at about $26,000. Finally, PFS Partners LLC increased its stake in Caterpillar by 1,750.0% during the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company's stock worth $30,000 after acquiring an additional 35 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CAT shares. UBS Group increased their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research note on Thursday, September 10th. Truist Financial lowered their price target on shares of Caterpillar from $1,225.00 to $1,100.00 and set a "buy" rating for the company in a report on Monday, October 5th. Freedom Broker upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective on the stock in a report on Thursday, September 10th. Finally, Wall Street Zen raised Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $967.83.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Caterpillar Stock Performance

Shares of NYSE CAT opened at $686.52 on Friday. The stock has a market capitalization of $315.57 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.20 and a beta of 1.58. The firm's 50-day moving average price is $798.82 and its two-hundred day moving average price is $855.65. Caterpillar Inc. has a 52-week low of $521.02 and a 52-week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $4.72 earnings per share. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.74 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders 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 annualized dividend and a dividend yield of 0.9%. Caterpillar's dividend payout ratio (DPR) is 28.06%.

Insider Activity at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

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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