BLB&B Advisors LLC increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 171.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,886 shares of the industrial products company's stock after buying an additional 17,622 shares during the period. BLB&B Advisors LLC's holdings in Caterpillar were worth $15,975,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFS Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth about $31,000. Rialto Wealth Management LLC boosted 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 in the last quarter. Marquette Asset Management LLC boosted its position in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. Noble Wealth Management PBC grew its stake in Caterpillar by 140.0% during the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock worth $34,000 after purchasing an additional 35 shares during the period. Finally, Joseph Group Capital Management bought a new stake in Caterpillar in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 70.98% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Daiwa Securities Group increased their price target on Caterpillar from $640.00 to $790.00 in a report on Wednesday, February 25th. Truist Financial lifted their price objective on shares of Caterpillar from $729.00 to $786.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Raymond James Financial reissued a "market perform" rating on shares of Caterpillar in a research note on Wednesday, January 7th. Oppenheimer raised their price target on shares of Caterpillar from $729.00 to $817.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Finally, HSBC upped their price objective on shares of Caterpillar from $660.00 to $850.00 and gave the company a "buy" rating in a report on Thursday, February 5th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $747.14.
Check Out Our Latest Analysis on CAT
More Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Management reviewed strong Q4 results on the earnings call and reiterated healthy demand and backlog trends that supported the quarter’s revenue and EPS beat — a key driver for the rally. Caterpillar Q4 2024 Earnings Call Transcript
- Positive Sentiment: Citigroup raised its price target to $905 and maintained a Buy rating, signaling sizable analyst upside vs. current levels and likely supporting buying interest. Citigroup Adjusts Price Target on Caterpillar
- Positive Sentiment: Coverage highlighting Caterpillar as a beneficiary of the AI/data-center build (generator sales surge) and its Nvidia tie-up is boosting the growth narrative and investor enthusiasm. Those thematic stories are helping push the stock into a buy-range for some investors. Is Caterpillar Actually An AI Stock? Caterpillar Excavates Buy Zone
- Positive Sentiment: Zacks and other outlets point to Caterpillar’s strong earnings-surprise history and have lifted estimates, which supports expectations for another beat and underpins analyst optimism. Investors Heavily Search Caterpillar Inc. Zacks Research Lifts Earnings Estimates
- Neutral Sentiment: Caterpillar held its dividend steady for now; analysts note a growing backlog and cash flow that make a hike plausible in the near term but no increase has been announced yet. CAT Holds Dividend Steady For Now
- Neutral Sentiment: High online search and coverage volumes (Zacks/Yahoo) show elevated investor attention — supportive for liquidity and momentum but not a direct fundamental change. Investors Heavily Search Caterpillar Inc.
Insider Buying and Selling
In related news, insider Rodney Michael Shurman sold 2,278 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $759.61, for a total value of $1,730,391.58. Following the transaction, the insider owned 1,443 shares of the company's stock, valued at approximately $1,096,117.23. This trade represents a 61.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph E. Creed sold 2,500 shares of Caterpillar stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the transaction, the chief executive officer owned 35,083 shares of the company's stock, valued at $25,222,221.19. This trade represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 125,950 shares of company stock worth $88,577,390 over the last ninety days. Insiders own 0.33% of the company's stock.
Caterpillar Price Performance
Shares of CAT opened at $794.16 on Wednesday. Caterpillar Inc. has a 12-month low of $282.46 and a 12-month high of $798.54. The business's fifty day moving average is $730.43 and its 200 day moving average is $630.00. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The stock has a market cap of $369.51 billion, a P/E ratio of 42.20, a P/E/G ratio of 1.86 and a beta of 1.52.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating analysts' consensus estimates of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business posted $5.14 EPS. Caterpillar's quarterly revenue was up 17.9% on a year-over-year basis. Sell-side analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Caterpillar Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be given a dividend of $1.51 per share. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. Caterpillar's payout ratio is presently 32.09%.
Caterpillar Profile
(
Free Report)
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.
Further Reading
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