Arax Advisory Partners Has $2.33 Million Position in Caterpillar Inc. $CAT

Key Points

• Arax Advisory Partners cut its Caterpillar stake by 59.1% in the fourth quarter, leaving it with 4,069 shares valued at about $2.33 million.
• Caterpillar reported a strong quarter, with EPS of $5.54 and revenue of $17.42 billion, both ahead of estimates, while revenue rose 22.2% year over year.
• The company boosted its quarterly dividend by 8% to $1.63 per share, extending its dividend-growth streak to 32 consecutive years and signaling continued confidence in cash generation.

Arax Advisory Partners reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 59.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,069 shares of the industrial products company's stock after selling 5,891 shares during the quarter. Arax Advisory Partners' holdings in Caterpillar were worth $2,331,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CAT. Pacific Point Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth approximately $579,000. Brighton Jones LLC raised its stake in Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after acquiring an additional 2,519 shares during the period. United Bank lifted its holdings in Caterpillar by 108.5% during the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company's stock valued at $1,585,000 after purchasing an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock worth $3,551,000 after buying an additional 347 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after buying an additional 34,846 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar raised its quarterly dividend by 8% to $1.63 per share, extending its dividend-growth streak to 32 consecutive years and signaling confidence in cash generation and future returns to shareholders.
• Positive Sentiment: Analysts at Erste Group lifted FY2026 and FY2027 earnings estimates for Caterpillar, reflecting expectations for stronger profitability ahead.
• Positive Sentiment: Caterpillar was highlighted on Zacks’ “best momentum stocks” list, which can reinforce bullish trader interest and momentum buying.
• Positive Sentiment: Recent bullish commentary pointed to strong Q1 results, including 22% revenue growth and a backlog of $62.7 billion, suggesting healthy demand across Caterpillar’s core markets.
• Neutral Sentiment: Caterpillar and Austal announced a global value agreement, but the available details do not clearly indicate a material near-term financial impact for CAT. Austal and Caterpillar in Global Value Agreement
• Negative Sentiment: Some market commentary warned that Caterpillar’s recent run-up leaves the stock vulnerable to a reversal on valuation concerns after a sharp move higher.
• Negative Sentiment: The stock also recently pulled back from its year-to-date high, with technical traders citing a possible double-top pattern, which may be limiting near-term upside.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the transaction, the insider owned 86,029 shares of the company's stock, valued at $79,397,884.68. This represents a 21.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares of the company's stock, valued at $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,773 shares of company stock worth $87,642,635 over the last three months. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CAT has been the subject of a number of research analyst reports. Citigroup boosted their price objective on Caterpillar from $905.00 to $1,020.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Bank of America upped their price objective on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a report on Friday, May 1st. HSBC increased their price objective on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Wall Street Zen raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Finally, UBS Group reissued a "neutral" rating and issued a $900.00 price objective on shares of Caterpillar in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $933.27.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $910.78 on Monday. The firm has a 50 day moving average of $851.85 and a 200-day moving average of $727.82. The stock has a market capitalization of $419.50 billion, a PE ratio of 45.34, a PEG ratio of 1.80 and a beta of 1.59. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12 month low of $355.70 and a 12 month high of $946.83.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company's revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.25 earnings per share. On average, equities research analysts predict that Caterpillar Inc. will post 24.62 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. This is a boost from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is currently 30.06%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.