Caterpillar Inc. $CAT Shares Sold by Central Pacific Bank Trust Division

Key Points

• Central Pacific Bank Trust Division cut its Caterpillar stake by 68.1% in the third quarter, selling 2,465 shares and retaining 1,156 shares valued at approximately $937,000. Institutional investors own about 70.98% of CAT.
• Caterpillar CEO Joseph E. Creed sold 32,401 shares worth approximately $26.2 million, reducing his position by 48.39%; company insiders own just 0.33% of the stock.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $989.17 price target. The company recently exceeded earnings and revenue estimates, though some analysts caution that CAT’s valuation is elevated.

Central Pacific Bank Trust Division trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 68.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,156 shares of the industrial products company's stock after selling 2,465 shares during the period. Central Pacific Bank Trust Division's holdings in Caterpillar were worth $937,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CAT. Decker Retirement Planning Inc. grew its position in shares of Caterpillar by 440.0% during the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares during the period. Matrix Trust Co lifted its holdings in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock valued at $33,000 after buying an additional 15 shares during the period. Axiom Investment Management LLC bought a new position in Caterpillar in the second quarter valued at approximately $36,000. Lam Group Inc. acquired a new stake in Caterpillar during the 1st quarter worth $26,000. Finally, Tacita Capital Inc bought a new stake in shares of Caterpillar during the 2nd quarter valued at $47,000. 70.98% of the stock is owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Jim Cramer described Caterpillar’s pullback as a potential buying opportunity, highlighting the company’s expanding role in supplying power-generation equipment for data centers. His comments may reinforce the view that CAT is an indirect artificial-intelligence infrastructure play. Jim Cramer Sees a Possible Buying Opportunity in Caterpillar After Its Pullback
• Positive Sentiment: Analysts identified CAT as an AI data-center laggard with rebound potential in the fourth quarter. Expected demand for data centers, power infrastructure and related equipment, along with favorable guidance and estimate revisions, are cited as catalysts. Buy Q3 AI Data Center Laggards CAT, GLW, JBL for a Rebound in Q4
• Positive Sentiment: Steady factory orders, construction activity, mining demand and infrastructure spending could support Caterpillar’s core machinery business, while AI-related investment adds a newer source of growth. 4 Stocks to Boost Your Portfolio on Steady Growth in Factory Orders
• Neutral Sentiment: The broader AI infrastructure investment trend is favorable for equipment and power suppliers, but ETF-focused coverage offers limited company-specific information about CAT. AI Super-Cycle Fuels Record Infrastructure Investments
• Negative Sentiment: Despite genuine data-center tailwinds and solid operating performance, one analysis argues that CAT’s valuation is already too high, raising the risk that the stock needs continued earnings growth to justify further gains. Caterpillar Data Center Tailwinds Are Real, But the Valuation Is Too Steep

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CAT shares. UBS Group increased their price target on Caterpillar from $900.00 to $925.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. President Capital assumed coverage on Caterpillar in a report on Friday, September 18th. They issued a "buy" rating and a $999.00 price objective for the company. Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. Sanford C. Bernstein restated a "market perform" rating and set a $1,002.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. Finally, Truist Financial lowered their price target on Caterpillar from $1,225.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus price target of $989.17.

Caterpillar Stock Performance

CAT stock opened at $864.04 on Wednesday. Caterpillar Inc. has a 1-year low of $483.55 and a 1-year high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm has a market cap of $397.18 billion, a PE ratio of 37.18, a P/E/G ratio of 1.47 and a beta of 1.58. The business's 50-day moving average price is $822.22 and its two-hundred day moving average price is $852.27.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the firm posted $4.72 earnings per share. Caterpillar's revenue was up 23.7% compared to the same quarter last year. As a group, research analysts forecast that Caterpillar Inc. will post 27.42 earnings per share for the current year.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.

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