Heritage Investors Management Corp Sells 4,825 Shares of Caterpillar Inc. $CAT

Key Points

• Heritage Investors Management Corp cut its Caterpillar stake by 3.8% in the fourth quarter, selling 4,825 shares and ending with 120,567 shares worth about $69.1 million.
• Caterpillar reported strong quarterly results, with EPS of $5.54 and revenue of $17.42 billion, both ahead of analyst estimates and up 22.2% from a year earlier.
• Wall Street remains broadly upbeat: several firms raised price targets, and Caterpillar now has a Moderate Buy consensus rating with an average price target of $923.14.

Heritage Investors Management Corp lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,567 shares of the industrial products company's stock after selling 4,825 shares during the period. Caterpillar makes up 2.0% of Heritage Investors Management Corp's investment portfolio, making the stock its 11th largest holding. Heritage Investors Management Corp's holdings in Caterpillar were worth $69,069,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CAT. Wellington Management Group LLP boosted its stake in Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after acquiring an additional 5,098,964 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Caterpillar by 573.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after acquiring an additional 1,281,087 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Caterpillar by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company's stock worth $1,695,757,000 after acquiring an additional 609,023 shares in the last quarter. Amundi boosted its stake in Caterpillar by 24.3% during the third quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock worth $1,176,870,000 after acquiring an additional 464,036 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Caterpillar by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock worth $26,572,681,000 after acquiring an additional 442,164 shares in the last quarter. 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: Caterpillar is being highlighted as a growing power-infrastructure play after a strategic framework agreement with ProPetro’s PROPWR unit to buy up to 2.1 gigawatts of incremental power-generation assets by 2031, reinforcing CAT’s role in electricity and backup-power equipment demand. Why Caterpillar (CAT) Is Becoming a Power Infrastructure Play Too
• Positive Sentiment: Jim Cramer called Caterpillar “integral to data center construction,” which supports the bullish view that CAT can benefit from the ongoing AI/data-center buildout and related infrastructure spending. Jim Cramer on Caterpillar: “It’s Integral to Data Center Construction”
• Positive Sentiment: Recent coverage of Caterpillar’s “Building Beyond” internship and new AI initiatives suggests the company is investing in next-generation technology and talent, which may help support longer-term sentiment. Caterpillar’s ‘Building Beyond’ internship showcases new AI
• Neutral Sentiment: Multiple roundup articles placing Caterpillar on lists of industrial, mining, and construction stocks suggest it remains a widely followed industrial name, but those mentions are not tied to a specific new catalyst. Industrial Stocks To Add to Your Watchlist - May 17th
• Neutral Sentiment: Broader “mooning stocks” and watchlist coverage may reflect strong momentum and proximity to highs, but it does not add a fresh fundamental update for CAT. 2 Mooning Stocks to Target This Week and 1 We Avoid
• Negative Sentiment: Deere’s earnings story included a stock decline despite a beat, reminding investors that industrial peers can sell off on margin or tariff-related concerns even when headline results are strong; this is a sector-level caution for Caterpillar rather than a CAT-specific problem. Deere Earnings Easily Beat, But There's A Catch. The Stock Is Falling.

Caterpillar Stock Down 0.8%

Shares of Caterpillar stock opened at $865.86 on Friday. The company has a market cap of $398.81 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.63. The company's 50 day moving average is $788.28 and its 200 day moving average is $689.51. Caterpillar Inc. has a twelve month low of $336.24 and a twelve month high of $931.35. 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 (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The company had revenue of $17.42 billion for 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 firm's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.25 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Dividend Announcement

The firm 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. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, April 20th. Caterpillar's dividend payout ratio is currently 30.06%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CAT. Rothschild & Co Redburn upped their target price on shares of Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Evercore reiterated an "outperform" rating and issued a $1,103.00 target price on shares of Caterpillar in a research note on Monday, May 11th. Citigroup upped their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Wells Fargo & Company upped their target price on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and a consensus price target of $923.14.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the company's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the sale, the insider directly owned 49,825 shares of the company's stock, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,551 shares of company stock valued at $91,170,351 in the last quarter. Insiders own 0.33% of the company's stock.

Caterpillar Company 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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