Providence First Trust Co increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 229.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,872 shares of the industrial products company's stock after purchasing an additional 1,303 shares during the period. Providence First Trust Co's holdings in Caterpillar were worth $1,072,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the business. Pacific Point Advisors LLC acquired a new stake in Caterpillar during the 4th quarter worth approximately $579,000. Brighton Jones LLC increased its holdings in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after purchasing an additional 2,519 shares during the period. United Bank raised its stake in shares of Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after purchasing an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Caterpillar by 3.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock worth $3,551,000 after purchasing an additional 347 shares during the period. Finally, Alliancebernstein L.P. grew its position in Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after buying an additional 34,846 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.
More Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Q1 earnings and outlook: CAT posted a sizable Q1 beat, with revenue and EPS above estimates and rising backlog, which underpins management’s constructive outlook and is a primary driver of investor enthusiasm. Should You Buy, Sell or Hold Caterpillar Stock Post Q1 Earnings?
- Positive Sentiment: Analyst upgrade/price target lift: Argus raised its price target to $990 and maintained a buy rating, providing fresh analyst support that helps justify higher multiples. Argus adjusts price target on Caterpillar to $990
- Positive Sentiment: AI / data‑center narrative: Multiple outlets are framing Caterpillar as an AI‑infrastructure beneficiary (power, generators, hyperscale demand), which has re-rated the stock and attracted momentum buying. This thematic shift is amplifying gains beyond cyclical construction/mining drivers. Industrial-Strength Rally: Why Caterpillar Is Up 53%...
- Positive Sentiment: Corporate wins / tech sales: Carmeuse selected Caterpillar’s autonomous hauling solution (adoption of CAT autonomy in mining/quarrying) and Cat’s electric power products are gaining spotlight—both support incremental revenue and product diversification. Carmeuse selects Caterpillar’s autonomous hauling solution
- Positive Sentiment: Director buy: Director David Maclennan purchased 250 shares, a modest insider buy that provides a supportive signal to investors. SEC filing: Director purchase
- Neutral Sentiment: Mixed analyst posture: DA Davidson raised its price target but maintained a neutral rating, suggesting some analysts see limited near‑term upside from current levels. DA Davidson adjusts price target on Caterpillar to $845
- Neutral Sentiment: Options and media attention: Rising options activity and extensive media coverage (trending pieces, Zacks features) are increasing short‑term volatility and attention but don’t change fundamentals by themselves. Do Options Traders Know Something About Caterpillar Stock?
- Negative Sentiment: Insider sale: An insider (Jason Kaiser) sold 5,642 shares for roughly $5M, trimming his position by ~37%, which some investors may view as a cautionary signal despite other positive indicators. SEC filing: Insider sale
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the stock an "equal weight" rating in a research report on Friday. Sanford C. Bernstein increased their price target on shares of Caterpillar from $769.00 to $879.00 and gave the stock a "market perform" rating in a report on Friday, May 1st. Robert W. Baird lifted their price objective on Caterpillar from $940.00 to $1,165.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Argus boosted their target price on Caterpillar from $820.00 to $990.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Daiwa Securities Group raised their price target on Caterpillar from $790.00 to $900.00 and gave the company a "neutral" rating in a report on Friday, May 1st. Sixteen equities research 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 has an average rating of "Moderate Buy" and an average target price of $878.91.
View Our Latest Research Report on CAT
Caterpillar Price Performance
CAT stock opened at $904.60 on Wednesday. The firm has a 50 day moving average of $749.76 and a 200-day moving average of $659.59. The company has a market cap of $416.65 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 1.80 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12-month low of $318.11 and a 12-month high of $908.90.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar's quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the business posted $4.25 EPS. As a group, equities analysts expect that Caterpillar Inc. will post 23.68 EPS for the current fiscal year.
Caterpillar Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be given a $1.51 dividend. The ex-dividend date is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar's dividend payout ratio (DPR) is currently 30.06%.
Insider Buying and Selling at Caterpillar
In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the completion of the transaction, the insider owned 46,643 shares in the company, valued at approximately $36,236,946.70. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rodney Michael Shurman sold 2,278 shares of the company's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the completion of the sale, the insider directly owned 1,443 shares in the company, valued at $1,096,117.23. This trade represents a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 49,736 shares of company stock worth $37,401,255. Insiders own 0.33% of the company's stock.
Caterpillar Company 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
Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).
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