Brookstone Capital Management Sells 2,020 Shares of Caterpillar Inc. $CAT

Key Points

• Brookstone Capital Management cut its Caterpillar stake by 5.3% in the third quarter, selling 2,020 shares and retaining 36,276 shares valued at approximately $29.4 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share versus the $6.22 consensus estimate and revenue of $20.54 billion, up 23.7% year over year.
• The company declared a quarterly dividend of $1.63 per share, equivalent to an annualized $6.52 and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $967.83, despite CAT trading down 5% to $703.30.

Brookstone Capital Management reduced its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,276 shares of the industrial products company's stock after selling 2,020 shares during the period. Brookstone Capital Management's holdings in Caterpillar were worth $29,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. Stonebridge Financial Group LLC lifted its holdings in Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company's stock worth $1,741,000 after buying an additional 11 shares during the last quarter. Inspirion Wealth Advisors LLC raised its position in shares of Caterpillar by 1.2% during the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company's stock worth $936,000 after acquiring an additional 11 shares in the last quarter. Bell Bank raised its position in shares of Caterpillar by 0.6% during the 2nd quarter. Bell Bank now owns 1,865 shares of the industrial products company's stock worth $1,986,000 after acquiring an additional 11 shares in the last quarter. Cornerstone Advisory LLC raised its position in shares of Caterpillar by 0.7% during the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company's stock worth $1,288,000 after acquiring an additional 12 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC lifted its stake in Caterpillar by 2.6% during the first quarter. Brandywine Oak Private Wealth LLC now owns 506 shares of the industrial products company's stock worth $358,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Trading Down 5.0%

NYSE:CAT opened at $703.30 on Friday. The company has a market capitalization of $323.28 billion, a PE ratio of 31.08, a P/E/G ratio of 1.27 and a beta of 1.58. Caterpillar Inc. has a 52-week low of $513.01 and a 52-week high of $1,073.46. The stock's 50 day moving average price is $802.23 and its 200 day moving average price is $856.84. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.72 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar's payout ratio is presently 28.06%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CAT. Wall Street Zen raised Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. UBS Group raised their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Sanford C. Bernstein restated a "market perform" rating and set a $749.00 price objective on shares of Caterpillar in a research report on Wednesday, October 14th. Zacks Research cut shares of Caterpillar from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Finally, DA Davidson increased their target price on shares of Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average price target of $967.83.

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts have been raising their earnings estimates, while Caterpillar’s history of positive earnings surprises and favorable Earnings ESP point to potential upside if the company exceeds expectations next week. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: A recent hammer chart pattern suggests CAT may have found technical support following its decline. The article also highlights broad Wall Street agreement on higher earnings estimates, strengthening the case for a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Caterpillar is maintaining its dividend while benefiting from strong cash generation, a reported record $72 billion backlog and a higher 2026 sales-growth outlook. These factors support earnings visibility and the potential for future dividend increases. CAT Keeps Dividend Unchanged
• Neutral Sentiment: Brokerages’ reported consensus price target of $967.83 implies substantial long-term upside, although target prices are estimates rather than guarantees. Caterpillar Consensus Target Price
• Negative Sentiment: Some investors remain concerned about how far CAT could fall after its recent rally, and reported ETF net selling may add short-term technical pressure. How Big Could Caterpillar Stock’s Next Fall Be?

About Caterpillar

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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