Caterpillar Inc. $CAT Position Lowered by Lmcg Investments LLC

Key Points

• Lmcg Investments reduced its Caterpillar position by 20.9% in the third quarter, selling 3,229 shares and retaining 12,199 shares valued at approximately $9.9 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported quarterly EPS of $8.17 and revenue of $20.54 billion, exceeding analyst estimates of $6.22 and $19.34 billion, respectively. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $967.83.
• CEO Joseph E. Creed sold 32,401 shares worth about $26.2 million, reducing his direct stake by 48.39%. CAT also declared a quarterly dividend of $1.63 per share, representing a 0.9% annualized yield.

Lmcg Investments LLC lessened its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,199 shares of the industrial products company's stock after selling 3,229 shares during the quarter. Lmcg Investments LLC's holdings in Caterpillar were worth $9,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Caterpillar during the second quarter valued at $40,457,153,000. State Street Corp grew its position in shares of Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company's stock worth $37,120,529,000 after buying an additional 1,396,356 shares during the period. Bank of America Corp DE purchased a new stake in shares of Caterpillar in the 2nd quarter worth about $5,818,150,000. Bank of New York Mellon Corp bought a new position in shares of Caterpillar in the 2nd quarter worth about $3,192,710,000. Finally, Legal & General Group Plc bought a new position in shares of Caterpillar in the 2nd quarter worth about $2,783,451,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CAT shares. Wall Street Zen raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Erste Group Bank downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Royal Bank Of Canada lifted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. DA Davidson boosted their price target on Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, President Capital began coverage on Caterpillar in a research report on Friday, September 18th. They issued a "buy" rating and a $999.00 price target on the stock. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $967.83.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Improving earnings outlook: Caterpillar has a strong history of exceeding quarterly estimates, and analysts see the company as having favorable conditions for another earnings beat. Its latest reported quarter also substantially exceeded consensus expectations for earnings and revenue. Will Caterpillar Beat Estimates Again
• Positive Sentiment: Strong backlog and raised outlook: Caterpillar is supported by a record $72 billion backlog, strong cash flow and an increased 2026 sales-growth outlook. Although the dividend was held steady, these factors could support future dividend growth and capital returns. CAT Keeps Dividend Unchanged
• Positive Sentiment: Rating and analyst support: Caterpillar was upgraded to Zacks Rank #2 (Buy), reflecting greater optimism about its earnings prospects. The average brokerage price target of approximately $967.83 is well above the recent trading level, although targets are not guarantees. Caterpillar Rating Upgrade
• Neutral Sentiment: Dealer technology partnership: IronSight AI and Fast Iron announced a platform that helps Caterpillar, Komatsu and Volvo equipment dealers identify and sell used parts using smartphone images. The development may improve dealer efficiency, but it is not expected to have a material near-term effect on Caterpillar’s financial results. IronSight AI and Fast Iron Partnership
• Negative Sentiment: Valuation and trading risks: Caterpillar’s elevated valuation leaves the stock vulnerable to a pullback if earnings momentum slows. ETFs were also reported as net sellers, while commentary cautioned that analyst optimism may already be reflected in the share price. Caterpillar Stock Pullback Risk

Insiders Place Their Bets

In related news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $740.20 on Thursday. Caterpillar Inc. has a 1 year low of $510.21 and a 1 year high of $1,073.46. The firm's 50-day moving average is $805.28 and its 200 day moving average is $856.93. The stock has a market cap of $340.25 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 1.24 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

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

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. Caterpillar's dividend payout ratio (DPR) is 28.06%.

Caterpillar Profile

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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