Caterpillar Inc. $CAT Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors raised its stake in Caterpillar by 61.9% in Q4, adding 14,436 shares to hold 37,741 shares worth $21.62 million.
• Caterpillar beat Q4 expectations, reporting EPS of $5.16 vs. $4.67 est. and revenue of $19.13B vs. $17.81B (up 17.9% YoY), and declared a quarterly dividend of $1.51 per share.
• Analyst views are mixed but tilted positive: Robert W. Baird lifted its price target to $940 and MarketBeat's consensus is a "Moderate Buy" with a $767.77 target, while Morgan Stanley remains cautious with an underweight rating and a $430 target; institutional ownership is about 70.98% and insiders have been net sellers recently.

Concurrent Investment Advisors LLC lifted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 61.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,741 shares of the industrial products company's stock after buying an additional 14,436 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Caterpillar were worth $21,620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP grew its position in shares of Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after buying an additional 5,098,964 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Caterpillar by 20.7% in the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company's stock worth $1,695,757,000 after purchasing an additional 609,023 shares during the period. Legal & General Group Plc boosted its holdings in Caterpillar by 2.2% in the third quarter. Legal & General Group Plc now owns 2,802,068 shares of the industrial products company's stock worth $1,337,007,000 after purchasing an additional 58,993 shares during the period. Amundi boosted its holdings in Caterpillar by 24.3% in the third quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock worth $1,176,870,000 after purchasing an additional 464,036 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Caterpillar by 0.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,835,924 shares of the industrial products company's stock worth $1,051,746,000 after purchasing an additional 5,510 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $830.59 on Friday. Caterpillar Inc. has a fifty-two week low of $302.17 and a fifty-two week high of $845.27. The firm's 50-day simple moving average is $740.91 and its 200 day simple moving average is $645.54. 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 $386.46 billion, a P/E ratio of 44.13, a P/E/G ratio of 1.96 and a beta of 1.52.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share 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 for the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the previous year, the business earned $5.14 earnings per share. The company's revenue was up 17.9% on a year-over-year basis. Equities analysts expect that Caterpillar Inc. will post 22.88 EPS for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be paid a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar's payout ratio is currently 32.09%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Robert W. Baird upgraded CAT and raised its price target sharply (from $805 to $940), citing stronger fundamentals and boosting short‑term sentiment — this upgrade helped drive recent upside. Caterpillar NYSE: CAT Stock Price Up 3.3% Following Analyst Upgrade
• Positive Sentiment: Caterpillar reaffirmed its dividend (quarterly $1.51, paid May 19), supporting shareholder-return expectations and attracting income-focused investors. Caterpillar Inc. (CAT) Asserts Commitment to Shareholder Value Amid Management Change
• Positive Sentiment: Analysts and screens expect Caterpillar earnings to continue growing into the next report — that prospect of further earnings beats is a fundamental positive supporting the rally. Caterpillar (CAT) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Longer-term thematic coverage highlights CAT’s exposure to AI/data‑center power and automation, reframing the company beyond traditional heavy equipment and supporting a higher multiple for some investors. More Than Just Dirt: Caterpillar Is the AI Stock Nobody Saw Coming
• Neutral Sentiment: CFO Andrew Bonfield announced retirement in October; internal successor Kyle Epley will take over in May — management continuity reduces disruption risk, but any leadership change bears watching. Caterpillar (CAT) CFO Andrew Bonfield to Retire
• Neutral Sentiment: Several pieces call out the very strong short‑term run (30–90 day gains) and prompt a valuation check — this fuels both bullish momentum and investor caution about stretched multiples. Caterpillar (CAT) Valuation Check After A Strong Short Term Share Price Run
• Negative Sentiment: Morgan Stanley raised its numerical target slightly but kept an Underweight rating, signaling macro and cyclical downside risk to earnings that could pressure the stock if industrial demand softens. Morgan Stanley Ups Caterpillar (CAT) Target to $430, Flags Macro Risks to Earnings
• Negative Sentiment: Critical commentary and "avoid" pieces warn that the post‑earnings rally may have priced in too much growth — these narratives can accelerate profit‑taking by momentum traders. 3 Reasons to Avoid CAT and 1 Stock to Buy Instead

Insider Buying and Selling at Caterpillar

In related news, 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 transaction of $1,797,325.00. Following the sale, the chief executive officer directly owned 35,083 shares in the company, valued at $25,222,221.19. The trade was a 6.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO William E. Schaupp sold 972 shares of Caterpillar stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the sale, the chief accounting officer owned 824 shares in the company, valued at approximately $629,700.80. This represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 125,950 shares of company stock valued at $88,577,390. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CAT shares. Daiwa Securities Group lifted their price objective on shares of Caterpillar from $640.00 to $790.00 in a report on Wednesday, February 25th. Royal Bank Of Canada lifted their price objective on shares of Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Caterpillar in a report on Monday, December 29th. Robert W. Baird lifted their price objective on shares of Caterpillar from $805.00 to $940.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of Caterpillar from $425.00 to $430.00 and gave the stock an "underweight" rating in a report on Wednesday, April 15th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $767.77.

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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