Inspire Investing LLC Acquires 11,909 Shares of Caterpillar Inc. $CAT

Key Points

• Inspire Investing increased its Caterpillar stake by 17.6% in the third quarter, acquiring 11,909 shares and bringing its holdings to 79,445 shares valued at approximately $64.4 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar recently reported strong results, with quarterly EPS of $8.17 and revenue of $20.54 billion, exceeding analyst estimates and marking 23.7% year-over-year revenue growth. Analysts expect continued earnings growth in the upcoming report.
• Shares have come under pressure, opening at $686.52 and trading below their 50- and 200-day moving averages, while CEO Joseph Creed sold 32,401 shares. Despite the weakness, analysts maintain a “Moderate Buy” consensus with an average price target of $967.83, and the company declared a quarterly dividend of $1.63.

Inspire Investing LLC raised its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,445 shares of the industrial products company's stock after buying an additional 11,909 shares during the period. Caterpillar makes up approximately 2.7% of Inspire Investing LLC's portfolio, making the stock its 2nd largest position. Inspire Investing LLC's holdings in Caterpillar were worth $64,413,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. XXI Wealth LLC increased its holdings in Caterpillar by 2.2% during the 3rd quarter. XXI Wealth LLC now owns 1,884 shares of the industrial products company's stock worth $1,528,000 after purchasing an additional 41 shares during the period. BIP Wealth LLC boosted its stake in shares of Caterpillar by 4.0% in the 3rd quarter. BIP Wealth LLC now owns 1,615 shares of the industrial products company's stock valued at $1,309,000 after buying an additional 62 shares during the period. Boomfish Wealth Group LLC boosted its stake in shares of Caterpillar by 4.3% in the 3rd quarter. Boomfish Wealth Group LLC now owns 387 shares of the industrial products company's stock valued at $314,000 after buying an additional 16 shares during the period. MBL Wealth LLC boosted its stake in shares of Caterpillar by 19.1% in the 3rd quarter. MBL Wealth LLC now owns 3,795 shares of the industrial products company's stock valued at $3,077,000 after buying an additional 609 shares during the period. Finally, Insight Advisors LLC PA grew its position in shares of Caterpillar by 2.5% during the third quarter. Insight Advisors LLC PA now owns 1,331 shares of the industrial products company's stock worth $1,079,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Insider Buying and Selling

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares of the company's stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Down 2.5%

Shares of NYSE CAT opened at $686.52 on Friday. The business has a 50-day moving average of $798.82 and a two-hundred day moving average of $855.65. The company has a market capitalization of $315.57 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.20 and a beta of 1.58. Caterpillar Inc. has a 1 year low of $521.02 and a 1 year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the business posted $4.72 EPS. The business's revenue for the quarter was up 23.7% on a year-over-year basis. On average, analysts forecast that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar's dividend payout ratio is currently 28.06%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Sanford C. Bernstein restated a "market perform" rating and set a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Oppenheimer decreased their price target on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating for the company in a research note on Wednesday, October 14th. Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a research note on Thursday, September 10th. Royal Bank Of Canada boosted their price target on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Finally, Barclays increased their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and an average target price of $967.83.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.

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