Capital International Inc. CA Acquires 18,070 Shares of Caterpillar Inc. $CAT

Key Points

• Capital International Inc. CA increased its Caterpillar stake by 27.2% in the fourth quarter, adding 18,070 shares to end with 84,616 shares valued at about $48.5 million.
• Several other institutional investors also boosted or initiated positions in CAT, and institutional ownership now stands at 70.98% of the company’s shares.
• Analysts remain broadly bullish on Caterpillar, with 16 Buy ratings and 9 Hold ratings and a consensus price target of $933.27, even as some insiders recently sold stock.

Capital International Inc. CA grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 27.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,616 shares of the industrial products company's stock after purchasing an additional 18,070 shares during the quarter. Capital International Inc. CA's holdings in Caterpillar were worth $48,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors bought a new position in Caterpillar during the fourth quarter worth about $1,225,317,000. Capital Group Private Client Services Inc. bought a new position in Caterpillar during the fourth quarter worth about $3,731,000. Tradition Wealth Management LLC lifted its holdings in shares of Caterpillar by 1.2% in the fourth quarter. Tradition Wealth Management LLC now owns 2,574 shares of the industrial products company's stock worth $1,475,000 after buying an additional 31 shares in the last quarter. DB&C Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth about $2,668,000. Finally, XML Financial LLC lifted its holdings in shares of Caterpillar by 0.5% in the fourth quarter. XML Financial LLC now owns 5,077 shares of the industrial products company's stock worth $2,908,000 after buying an additional 26 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CAT. Rothschild & Co Redburn increased their price target on shares of Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Williams Trading set a $825.00 price target on shares of Caterpillar in a report on Tuesday, March 10th. Truist Financial set a $1,043.00 price target on shares of Caterpillar in a report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Finally, DA Davidson increased their price target on shares of Caterpillar from $650.00 to $845.00 and gave the stock a "neutral" rating in a report on Monday, May 4th. Sixteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $933.27.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 16,283 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider directly owned 46,041 shares of the company's stock, valued at $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the sale, the chief financial officer directly owned 52,935 shares in the company, 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 sold a total of 95,773 shares of company stock valued at $87,642,635 over the last three months. Corporate insiders own 0.33% of the company's stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is benefiting from strong demand tied to data center construction and rising power needs, with coverage highlighting record quarterly results and improving sentiment around its power and energy business. Data Center Power Demands Push This Dividend Aristocrat to All Time Highs
• Positive Sentiment: Analysts and commentators remain constructive on Caterpillar’s growth outlook, citing durable tailwinds from AI-related infrastructure spending and a bullish price target in the latest research note. Caterpillar Setting The Pace For Growth In Power And Energy
• Positive Sentiment: Trump administration tariff cuts on farm and construction equipment are being viewed as a margin boost for Caterpillar’s core products, which could support earnings and sentiment. Trump Just Gave Caterpillar Stock a Boost. What to Know.
• Positive Sentiment: Additional coverage framed Caterpillar as one of the stocks poised to benefit from lower equipment tariffs, reinforcing the recent bullish narrative. When Trump Cuts Tariffs on Farm and Construction Equipment, These 5 Stocks Win Big
• Neutral Sentiment: Several articles were more general or commentary-driven, including a decade-long return retrospective and broader construction-stocks roundups, so they are less likely to move the shares directly. If You Invested $1000 in Caterpillar a Decade Ago, This is How Much It'd Be Worth Now
• Neutral Sentiment: Non-fundamental items such as an unrelated garden-caterpillar story and a political donation tracker do not appear to have a direct impact on Caterpillar’s business outlook. New caterpillar that can 'send you to A&E' breeding rapidly in gardens

Caterpillar Trading Down 3.8%

Shares of CAT opened at $904.89 on Friday. The firm's 50 day simple moving average is $831.99 and its 200 day simple moving average is $714.41. The company has a market capitalization of $416.79 billion, a P/E ratio of 45.04, a P/E/G ratio of 1.78 and a beta of 1.59. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. Caterpillar Inc. has a 1-year low of $352.26 and a 1-year high of $946.83.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.42 billion for 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%. Caterpillar's quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the firm posted $4.25 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 24.68 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is currently 30.06%.

About Caterpillar

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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