6,151 Shares in Caterpillar Inc. $CAT Purchased by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services purchased 6,151 Caterpillar shares worth approximately $5.37 million, while institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, up 23.7% year over year and above analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52, while Caterpillar raised its quarterly dividend to $1.63, equivalent to a 0.8% yield.

Diversify Advisory Services LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,151 shares of the industrial products company's stock, valued at approximately $5,372,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. BlackRock Inc. purchased a new stake in shares of Caterpillar in the second quarter worth approximately $40,457,153,000. Diamant Asset Management Inc. boosted its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after buying an additional 3,136,020 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Caterpillar in the 2nd quarter valued at $3,192,710,000. Ascentis Wealth Management LLC raised its position in Caterpillar by 110,539.0% in the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company's stock valued at $2,711,772,000 after buying an additional 2,515,867 shares during the last quarter. Finally, Capital International Investors bought a new position in Caterpillar during the 4th quarter valued at $1,225,317,000. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on CAT shares. Sanford C. Bernstein reiterated a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Erste Group Bank lowered shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Evercore reissued an "outperform" rating and set a $1,103.00 target price on shares of Caterpillar in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average price target of $995.52.

Caterpillar Price Performance

Caterpillar stock opened at $797.72 on Tuesday. Caterpillar Inc. has a 12 month low of $410.52 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. The business's 50 day simple moving average is $889.47 and its 200 day simple moving average is $838.20. The company has a market cap of $366.69 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.40 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the business posted $4.72 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were paid a $1.63 dividend. The ex-dividend date was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.8%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: July durable-goods orders rose 1.1%, suggesting a manufacturing rebound that could support demand for Caterpillar’s construction, mining and industrial equipment. CAT was identified as one of several industrial stocks positioned to benefit. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders
• Positive Sentiment: Erste Group Bank reportedly expects stronger earnings for Caterpillar, adding to the constructive analyst outlook surrounding the company. Erste Group Bank Predicts Stronger Earnings for Caterpillar
• Positive Sentiment: Caterpillar’s power-generation business is benefiting from rising electricity demand tied to data centers and artificial intelligence. Recent coverage points to a first-ever quarterly sales total above $20 billion and identifies power generation as an increasingly important growth engine. Forget the Industry Labels: Chevron and Caterpillar Are Both Betting on the AI Power Boom
• Positive Sentiment: The company is applying its autonomous-mining expertise to industrial AI deployment, including field-support tools such as the Cat AI Assistant. Caterpillar also committed $100 million to AI and robotics workforce training, which could improve productivity and strengthen its technology positioning. Caterpillar Commits $100 Million to AI and Robotics Training
• Neutral Sentiment: Wall Street’s average brokerage recommendation remains bullish, but the coverage notes that sell-side ratings are often overly optimistic and may have limited predictive value for CAT’s performance. Is Caterpillar a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: At a high earnings multiple, Caterpillar is increasingly being valued like a technology-growth company. That raises the risk of pressure on the stock if AI-related growth, power-equipment demand or earnings forecasts fail to exceed expectations. How AI Power Demand Transformed Caterpillar into a High-Multiple Tech Play

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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