6,089 Caterpillar Inc. $CAT Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its Caterpillar position by 24.2%, purchasing 6,089 shares in the third quarter and bringing its holdings to 31,214 shares valued at approximately $25.3 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar CEO Joseph E. Creed sold 32,401 shares for roughly $26.2 million, reducing his direct ownership by 48.39%; company insiders now own 0.33% of the stock.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $967.83 price target. The company recently exceeded quarterly earnings and revenue estimates and declared a $1.63 quarterly dividend.

Apollon Wealth Management LLC grew its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,214 shares of the industrial products company's stock after purchasing an additional 6,089 shares during the period. Apollon Wealth Management LLC's holdings in Caterpillar were worth $25,308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. lifted its holdings in shares of Caterpillar by 440.0% during the 2nd 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 last quarter. Matrix Trust Co boosted its holdings 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 worth $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC purchased a new position in shares of Caterpillar in the 2nd quarter worth about $36,000. Lam Group Inc. bought a new position in shares of Caterpillar during the 1st quarter valued at about $26,000. Finally, PFS Partners LLC increased its position in shares of Caterpillar by 1,750.0% during 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 during the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction dated 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CAT shares. President Capital assumed coverage on Caterpillar in a report on Friday, September 18th. They set a "buy" rating and a $999.00 price objective on the stock. Wall Street Zen raised Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a research report on Thursday, September 10th. Barclays lifted their price target on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, October 14th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $967.83.

Caterpillar Trading Down 0.1%

Shares of CAT stock opened at $686.52 on Monday. The stock has a market capitalization of $315.57 billion, a PE ratio of 29.54, a P/E/G ratio of 1.18 and a beta of 1.58. Caterpillar Inc. has a 1-year low of $521.02 and a 1-year high of $1,073.46. The business has a 50-day moving average of $798.82 and a 200 day moving average of $856.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (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 analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. Caterpillar's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $4.72 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.74 earnings per share for the current 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 given a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar's payout ratio is presently 28.06%.

Key Stories Impacting Caterpillar

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 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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