BCS Wealth Management Sells 2,067 Shares of Caterpillar Inc. $CAT

Key Points

• BCS Wealth Management cut its Caterpillar position by 50.3% in the first quarter, selling 2,067 shares and leaving it with 2,045 shares valued at about $1.45 million.
• Caterpillar continues to benefit from strong business momentum, including a record $63 billion backlog and reports tying its Solar Turbines unit to Chevron and Microsoft’s AI data center power project.
• The company posted better-than-expected first-quarter results, with EPS of $5.54 and revenue of $17.41 billion, and it also raised its quarterly dividend to $1.63 per share.

BCS Wealth Management lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,045 shares of the industrial products company's stock after selling 2,067 shares during the quarter. BCS Wealth Management's holdings in Caterpillar were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Torren Management LLC purchased a new stake in shares of Caterpillar during the fourth quarter valued at approximately $27,000. Frazier Financial Advisors LLC grew its stake in Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 33 shares during the period. IFS Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at $31,000. Rialto Wealth Management LLC increased its position in shares of Caterpillar by 47.4% during the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 18 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Caterpillar during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being linked to the AI buildout after reports said its Solar Turbines unit is helping supply equipment for Chevron and Microsoft’s massive West Texas data center power project, highlighting new long-term demand for power-generation gear. Caterpillar (CAT) Lands Key Role In Chevron Microsoft AI Data Center Build
• Positive Sentiment: CAT’s record $63 billion backlog, up 79% year over year, suggests sustained demand and gives investors more confidence in revenue visibility and 2026 sales growth. CAT's Record Backlog: A Sign of Sustained Demand Strength?
• Positive Sentiment: Analysts and market commentary continue to highlight Caterpillar as a top industrial stock, with industrial production improving and Caterpillar cited among names benefiting from the broader manufacturing upcycle. Industrial Production Rises Amid Inflation Woes: 4 Stocks to Grab
• Positive Sentiment: Market coverage says Caterpillar’s stock has hit a milestone above $1,000 and remains one of the standout winners in the industrial rally, reinforcing momentum-focused buying. Caterpillar’s stock hits a milestone as AI-fueled industrials rally sweeps up Wall Street
• Neutral Sentiment: Caterpillar Foundation news about extending STEM education and workforce-readiness collaboration is positive for the company’s reputation, but it is unlikely to move the stock much on its own. Project Lead The Way and Caterpillar Foundation Extend Collaboration to Advance STEM Education and Workforce Readiness
• Neutral Sentiment: Additional articles about Caterpillar’s long-term quality, investor attention, and record run mostly reinforce the bullish narrative rather than add a new catalyst. Industrial Production Rises Amid Inflation Woes: 4 Stocks to Grab

Caterpillar Stock Down 3.5%

Caterpillar stock opened at $986.44 on Wednesday. The firm has a 50 day simple moving average of $883.64 and a 200 day simple moving average of $747.45. 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 1-year low of $367.92 and a 1-year high of $1,023.29. The firm has a market capitalization of $454.34 billion, a price-to-earnings ratio of 49.10, a P/E/G ratio of 2.02 and a beta of 1.59.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the prior year, the business posted $4.25 earnings per share. The business's quarterly revenue was up 22.2% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 24.64 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be issued a dividend of $1.63 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. Caterpillar's payout ratio is currently 30.06%.

Insiders Place Their Bets

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of Caterpillar stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the transaction, the insider owned 49,825 shares of the company's stock, valued at $45,236,615.75. The trade was a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lange Bob De sold 24,222 shares of the company's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider owned 86,029 shares in the company, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,773 shares of company stock worth $87,642,635 over the last quarter. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Argus increased their price target on shares of Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. HSBC lifted their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Weiss Ratings restated a "buy (b-)" rating on shares of Caterpillar in a research note on Friday, May 8th. Citigroup lifted their price target on shares of Caterpillar from $905.00 to $1,020.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Finally, Robert W. Baird upped their price objective on Caterpillar from $940.00 to $1,165.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $939.86.

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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