Caterpillar Inc. $CAT Shares Purchased by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Caterpillar stake by 18.4% in the first quarter, owning 308,530 shares valued at approximately $218.6 million. Institutional investors collectively hold nearly 71% of CAT’s outstanding shares.
• Caterpillar reported stronger-than-expected quarterly results, with EPS of $5.54 and revenue of $17.41 billion, up 22.2% year over year. The stock has roughly doubled over the past year, supported by infrastructure and data-center demand expectations, but its elevated valuation and recent insider selling may increase volatility.
• The company raised its quarterly dividend from $1.51 to $1.63 per share, equivalent to an annualized $6.52 dividend and a 0.7% yield. Wall Street maintains a “Moderate Buy” consensus with an average price target of $980.57.

Quantinno Capital Management LP grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 18.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 308,530 shares of the industrial products company's stock after acquiring an additional 47,865 shares during the quarter. Caterpillar comprises approximately 0.4% of Quantinno Capital Management LP's holdings, making the stock its 25th largest position. Quantinno Capital Management LP owned approximately 0.07% of Caterpillar worth $218,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CAT. SummitTX Capital L.P. bought a new stake in shares of Caterpillar during the 1st quarter worth about $1,887,000. Lazard Asset Management LLC boosted its holdings in shares of Caterpillar by 222.9% in the first quarter. Lazard Asset Management LLC now owns 62,361 shares of the industrial products company's stock valued at $44,180,000 after acquiring an additional 43,046 shares in the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of Caterpillar by 135.3% in the first quarter. Gateway Wealth Partners LLC now owns 10,852 shares of the industrial products company's stock valued at $7,688,000 after acquiring an additional 6,240 shares in the last quarter. Turim 21 Investimentos Ltda. acquired a new position in shares of Caterpillar during the first quarter valued at approximately $46,000. Finally, Blue Chip Partners LLC raised its holdings in Caterpillar by 0.5% during the first quarter. Blue Chip Partners LLC now owns 3,704 shares of the industrial products company's stock worth $2,624,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s stock has approximately doubled over the past year. Investors have been encouraged by strong operating momentum and expectations that demand from data-center construction and related infrastructure spending could support future equipment sales. Caterpillar Stock Is Up 100% in a Year
• Positive Sentiment: The company’s most recent earnings report provided a fundamental backdrop for the rally: Caterpillar exceeded analysts’ quarterly earnings and revenue estimates, while revenue increased 22.2% year over year. This suggests strong demand and operating leverage, although investors may now require continued earnings growth to justify the elevated share price.
• Neutral Sentiment: Caterpillar has become a highly watched or “trending” stock on Zacks, increasing visibility among investors. However, heightened attention can contribute to greater trading volatility and does not itself change the company’s earnings outlook. Caterpillar Is a Trending Stock
• Negative Sentiment: Erste Group Bank AG downgraded Caterpillar from “buy” to “hold.” The change likely reflects caution after the substantial run-up, with investors potentially reassessing risk-reward prospects at a historically high valuation. Finviz Caterpillar Listing
• Negative Sentiment: Investor Michael Burry’s reported short position in Caterpillar benefited during the July pullback, highlighting the presence of bearish positioning. The stock’s roughly 100% annual gain, elevated price-to-earnings ratio and recent decline make profit-taking and volatility risks more significant. Michael Burry’s Short Bets on Caterpillar

Caterpillar Price Performance

Shares of NYSE:CAT opened at $873.54 on Tuesday. Caterpillar Inc. has a one year low of $405.46 and a one year high of $1,073.46. The stock has a fifty day moving average of $929.10 and a 200-day moving average of $807.20. The company has a market capitalization of $402.34 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.57. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 billion for the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.25 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is 32.45%.

Insider Activity

In other news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares of the company's stock, valued at $79,397,884.68. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business'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 sale, the chief financial officer owned 52,935 shares in the company, valued at $48,631,913.85. This represents a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group increased their price target on Caterpillar from $900.00 to $1,045.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of Caterpillar in a research note on Friday, May 8th. Morgan Stanley set a $915.00 price objective on Caterpillar and gave the company an "equal weight" rating in a report on Friday, May 1st. Oppenheimer raised their target price on Caterpillar from $980.00 to $1,105.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Finally, Bank of America boosted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Fourteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $980.57.

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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