Fullerton Fund Management Co Ltd. Sells 234,480 Shares of Caterpillar Inc. $CAT

Key Points

• Fullerton Fund Management cut its Caterpillar stake by 82.3% in the fourth quarter, selling 234,480 shares and leaving it with 50,376 shares worth about $28.9 million.
• Caterpillar reported a strong quarter, with EPS of $5.54 and revenue of $17.42 billion, both ahead of analyst estimates; revenue rose 22.2% year over year.
• The company also raised its quarterly dividend to $1.63 per share from $1.51, while analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $933.27.

Fullerton Fund Management Co Ltd. reduced its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 82.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,376 shares of the industrial products company's stock after selling 234,480 shares during the quarter. Caterpillar comprises 1.3% of Fullerton Fund Management Co Ltd.'s holdings, making the stock its 21st largest holding. Fullerton Fund Management Co Ltd.'s holdings in Caterpillar were worth $28,859,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CAT. Wellington Management Group LLP grew its stake in Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock valued at $2,494,568,000 after acquiring an additional 5,098,964 shares during the period. Capital International Investors acquired a new stake in Caterpillar in the fourth quarter valued at approximately $1,225,317,000. Northwestern Mutual Wealth Management Co. grew its stake in Caterpillar by 573.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock valued at $861,947,000 after acquiring an additional 1,281,087 shares during the period. Cynosure Group LLC grew its stake in Caterpillar by 8,359.6% in the fourth quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock valued at $294,314,000 after acquiring an additional 507,681 shares during the period. Finally, Amundi grew its stake in Caterpillar by 24.3% in the third quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock valued at $1,176,870,000 after acquiring an additional 464,036 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts say Caterpillar stands out versus Komatsu thanks to stronger earnings momentum, rising growth targets, and better profitability, despite tariff pressure. Caterpillar vs. Komatsu: Which Heavy Equipment Stock is the Better Buy?
• Positive Sentiment: Coverage points to Caterpillar as a major driver of the Dow’s gains, reflecting strong investor demand for the stock. Dow rallies 488 points on gains in shares of JPMorgan Chase, Caterpillar
• Positive Sentiment: Recent commentary says CAT has surged on solid quarterly results, strong backlog, AI-driven power generation demand, and aggressive buybacks, supporting the bullish case. 2 Reasons to Watch CAT and 1 to Stay Cautious
• Positive Sentiment: Caterpillar’s dividend increase was highlighted as sustainable, reinforcing confidence in cash flow and shareholder returns. 3 Dividend Increases Investors Can Actually Trust
• Neutral Sentiment: Several articles argued that CAT remains a world-class industrial company and a long-term growth story, but these are mainly valuation and strategy discussions rather than new catalysts. Caterpillar: A World-Class Industrial At A World-Class Price Tag
• Neutral Sentiment: Commentary on CAT’s huge year-to-date move and how much upside remains is more about investor debate than a direct fundamental update. Up 300% YTD, How High Can CAT Stock Rally This Year?

Caterpillar Stock Up 1.4%

Shares of NYSE:CAT opened at $946.71 on Wednesday. The stock has a market cap of $436.05 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 1.85 and a beta of 1.59. 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 12-month low of $356.96 and a 12-month high of $961.33. The business's 50 day moving average is $860.76 and its 200 day moving average is $733.04.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. The company had revenue of $17.42 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%.Caterpillar's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.25 earnings per share. On average, sell-side analysts forecast that Caterpillar Inc. will post 24.62 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. Caterpillar's payout ratio is presently 30.06%.

Insider Activity at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the business's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company's stock, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise C. Johnson sold 12,605 shares of the business's stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the transaction, the insider directly owned 49,825 shares in the company, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,773 shares of company stock valued at $87,642,635 over the last 90 days. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research reports. Rothschild & Co Redburn raised their price objective on Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a research note on Thursday, May 14th. Evercore reissued an "outperform" rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Citigroup raised their price objective on Caterpillar from $905.00 to $1,020.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on Caterpillar from $960.00 to $1,050.00 and gave the company an "overweight" 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $933.27.

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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