Caterpillar Inc. $CAT Shares Sold by Clearstead Advisors LLC

Key Points

• Clearstead Advisors LLC reduced its Caterpillar stake by 3.8% in the fourth quarter, selling 4,018 shares and leaving it with 100,749 shares valued at about $57.7 million.
• Insiders also trimmed holdings, with Anthony D. Fassino and Jason Kaiser selling shares in May; overall insider selling in the last quarter totaled 98,273 shares worth roughly $89.4 million.
• Caterpillar reported strong quarterly results, beating earnings and revenue estimates with $5.54 EPS on $17.42 billion in revenue, while analysts remain broadly constructive with a consensus rating of “Moderate Buy” and an average target price of $923.14.

Clearstead Advisors LLC lowered its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,749 shares of the industrial products company's stock after selling 4,018 shares during the period. Clearstead Advisors LLC's holdings in Caterpillar were worth $57,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Plancorp LLC increased its holdings in shares of Caterpillar by 0.5% during the 4th quarter. Plancorp LLC now owns 2,777 shares of the industrial products company's stock worth $1,591,000 after buying an additional 15 shares during the last quarter. BlueStem Wealth Partners LLC raised its position in Caterpillar by 1.3% in the fourth quarter. BlueStem Wealth Partners LLC now owns 1,192 shares of the industrial products company's stock valued at $683,000 after purchasing an additional 15 shares during the period. KDT Advisors LLC raised its position in Caterpillar by 2.3% in the fourth quarter. KDT Advisors LLC now owns 657 shares of the industrial products company's stock valued at $376,000 after purchasing an additional 15 shares during the period. CFO4Life Group LLC raised its position in Caterpillar by 2.5% in the fourth quarter. CFO4Life Group LLC now owns 626 shares of the industrial products company's stock valued at $359,000 after purchasing an additional 15 shares during the period. Finally, Revolve Wealth Partners LLC raised its position in Caterpillar by 2.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company's stock valued at $390,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Activity

In related news, insider Anthony D. Fassino sold 16,283 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares in the company, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason Kaiser sold 5,642 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the transaction, the insider owned 9,594 shares of the company's stock, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 98,273 shares of company stock valued at $89,439,960. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore reissued an "outperform" rating and issued a $1,103.00 target price on shares of Caterpillar in a research report on Monday, May 11th. Royal Bank Of Canada boosted their target price on Caterpillar from $587.00 to $658.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. HSBC boosted their target price on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Bank of America boosted their target price on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Finally, Oppenheimer set a $980.00 target price on Caterpillar and gave the company an "outperform" rating in a research report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $923.14.

Caterpillar Stock Performance

NYSE:CAT opened at $880.23 on Monday. The company has a fifty day simple moving average of $791.73 and a two-hundred day simple moving average of $691.69. The company has a market cap of $405.42 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 52 week low of $336.24 and a 52 week high of $931.35.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.25 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were paid a $1.51 dividend. The ex-dividend date was Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar's payout ratio is 30.06%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

About Caterpillar

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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