Fidelis Capital Partners LLC Grows Position in Caterpillar Inc. $CAT

Key Points

• Fidelis Capital Partners increased its Caterpillar stake by 17% in the fourth quarter, buying 1,985 additional shares and bringing its total to 13,682 shares valued at about $7.84 million.
• Wall Street sentiment remains positive, with analysts assigning Caterpillar a consensus rating of “Moderate Buy” and an average price target of $923.14, while several firms recently raised targets as high as $1,100.
• Caterpillar posted strong quarterly results, beating earnings and revenue estimates with EPS of $5.54 and revenue of $17.42 billion, while also maintaining a quarterly dividend of $1.51 per share.

Fidelis Capital Partners LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 17.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,682 shares of the industrial products company's stock after buying an additional 1,985 shares during the period. Fidelis Capital Partners LLC's holdings in Caterpillar were worth $7,838,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Torren Management LLC acquired a new stake in Caterpillar during the fourth quarter worth about $27,000. Frazier Financial Advisors LLC lifted its stake in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 33 shares in the last quarter. IFS Advisors LLC purchased a new stake in shares of Caterpillar during the 4th quarter worth about $31,000. Rialto Wealth Management LLC increased its position 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 purchasing an additional 18 shares in the last quarter. Finally, Noble Wealth Management PBC raised its holdings in Caterpillar by 140.0% in the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock valued at $34,000 after buying an additional 35 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CAT shares. HSBC increased their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Williams Trading set a $825.00 price target on Caterpillar in a report on Tuesday, March 10th. Daiwa Securities Group boosted their price objective on Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. CICC Research began coverage on Caterpillar in a research note on Friday, February 6th. They issued an "outperform" rating for the company. Finally, Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $923.14.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 360 shares of Caterpillar stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total value of $326,160.00. Following the completion of the transaction, the chief accounting officer owned 530 shares of the company's stock, valued at $480,180. The trade was a 40.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lange Bob De sold 24,222 shares of the business's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the sale, the insider owned 86,029 shares of the company's stock, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 98,273 shares of company stock worth $89,439,960. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $910.54 on Thursday. 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 Inc. has a 1 year low of $339.50 and a 1 year high of $931.35. The firm's 50-day simple moving average is $803.84 and its 200-day simple moving average is $698.83. The firm has a market cap of $419.38 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 1.79 and a beta of 1.63.

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 analysts' consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same period last year, the firm earned $4.25 earnings per share. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

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

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted as flashing a buy signal as the S&P 500 and Nasdaq hit new highs, suggesting technical momentum may be supporting the stock. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: Investors are also focusing on Caterpillar’s exposure to data-center power demand, with commentary pointing to about $10.2 billion in generator sales last year as a “hidden AI revenue stream.” A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Positive Sentiment: A new bill aimed at classifying municipal snow-removal machinery as emergency vehicles could modestly support future demand for Caterpillar snow-removal equipment from local governments. New Bill: Representative Jack Bergman introduces H.R. 8782: Protecting Lifesaving Operations during Winter Storms Act
• Neutral Sentiment: Additional articles discussed Caterpillar in broader market and industrial-stock roundups, but did not add new company-specific catalysts. Best Construction Stocks To Follow Today - May 23rd

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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