Expressive Wealth LLC Invests $631,000 in Caterpillar Inc. $CAT

Key Points

• Expressive Wealth LLC opened a new position in Caterpillar, buying 1,101 shares valued at about $631,000 in the fourth quarter.
• Caterpillar has seen broader institutional interest, with several other investors adding to or starting positions, and institutional ownership now stands at 70.98% of the stock.
• The company has strong recent fundamentals: Q1 earnings and revenue both beat estimates, and analysts currently have a Moderate Buy consensus with an average price target of $923.14.

Expressive Wealth LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,101 shares of the industrial products company's stock, valued at approximately $631,000.

A number of other large investors also recently made changes to their positions in CAT. Torren Management LLC bought a new position in shares of Caterpillar during the fourth quarter worth approximately $27,000. Frazier Financial Advisors LLC increased its stake in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock worth $28,000 after acquiring an additional 33 shares during the period. IFS Advisors LLC bought a new position in Caterpillar during the 4th quarter worth $31,000. Rialto Wealth Management LLC increased its stake in Caterpillar by 47.4% during the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock worth $32,000 after acquiring an additional 18 shares during the period. Finally, Noble Wealth Management PBC increased its stake in Caterpillar by 140.0% during the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock worth $34,000 after acquiring an additional 35 shares during the period. Institutional investors own 70.98% of the company's stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Market coverage noted that Caterpillar flashed a buy signal as the S&P 500, Nasdaq and Russell 2000 hit new highs, reflecting broad strength in industrial and AI-related names. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: Investors are focusing on a “hidden AI revenue stream” in Caterpillar’s financials: about $10.2 billion in generator sales to data centers last year, which supports the idea that CAT benefits from AI buildout even though it is not a pure-play AI stock. A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Neutral Sentiment: Another article discussed Caterpillar in the context of the Iran war and whether it is a buy, sell or hold, but it did not add a clear new catalyst for the stock. Is Caterpillar a Buy, Sell, or Hold Amid the Iran War?
• Neutral Sentiment: Clinch Resources’ purchase of a Caterpillar highwall miner is a small equipment-order headline that may support sentiment around CAT’s mining product line, but it is not likely to move the stock on its own. Clinch Resources acquires first Caterpillar highwall miner for West Virginia met coal operation

Insider Activity

In other news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the transaction, the insider directly owned 86,029 shares of the company's stock, valued at approximately $79,397,884.68. This trade represents a 21.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares of the company's stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 98,273 shares of company stock worth $89,439,960. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Up 3.3%

Shares of CAT opened at $909.25 on Wednesday. The company has a market capitalization of $418.79 billion, a PE ratio of 45.26, a PEG ratio of 1.74 and a beta of 1.63. Caterpillar Inc. has a 12 month low of $339.50 and a 12 month high of $931.35. The stock's 50-day moving average price is $799.63 and its two-hundred day moving average price is $696.43. 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 (NYSE:CAT - Get Free Report) last announced its 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 firm had revenue of $17.42 billion for 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%.The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.25 EPS. On average, analysts anticipate that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank Of Canada raised their price objective on Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a research note on Friday, January 30th. UBS Group restated a "neutral" rating and set a $677.00 price objective on shares of Caterpillar in a research note on Monday, February 2nd. Barclays raised their price objective on Caterpillar from $700.00 to $800.00 and gave the stock an "equal weight" rating in a research note on Friday, May 1st. Jefferies Financial Group raised their price objective on Caterpillar from $900.00 to $1,045.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Finally, HSBC raised their price objective on Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Moderate Buy" and an average target price of $923.14.

Caterpillar 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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