Integrity Alliance LLC. Buys 4,264 Shares of Caterpillar Inc. $CAT

Key Points

• Integrity Alliance LLC. increased its Caterpillar stake by 33.3% in the fourth quarter, buying 4,264 more shares and bringing its total holding to 17,054 shares worth about $9.77 million.
• Caterpillar reported strong quarterly results, with EPS of $5.54 beating estimates and revenue of $17.42 billion topping expectations. Revenue rose 22.2% year over year, and analysts now expect full-year EPS of 24.67.
• Wall Street remains bullish on CAT, with several firms raising price targets and the consensus rating sitting at Moderate Buy. Institutional ownership is also high, with about 70.98% of shares held by institutions.

Integrity Alliance LLC. grew its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,054 shares of the industrial products company's stock after acquiring an additional 4,264 shares during the quarter. Integrity Alliance LLC.'s holdings in Caterpillar were worth $9,770,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CAT. Wellington Management Group LLP increased its stake in Caterpillar by 3,949.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Caterpillar by 573.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after purchasing an additional 1,281,087 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Caterpillar by 20.7% during the 3rd 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 purchasing an additional 609,023 shares in the last quarter. Amundi increased its stake in Caterpillar by 24.3% during the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock worth $1,176,870,000 after purchasing an additional 464,036 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Caterpillar by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock worth $26,572,681,000 after purchasing an additional 442,164 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CAT shares. JPMorgan Chase & Co. increased their target price on Caterpillar from $860.00 to $1,125.00 and gave the stock an "overweight" rating in a research note on Friday, May 1st. Robert W. Baird increased their target price on Caterpillar from $940.00 to $1,165.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on Caterpillar from $900.00 to $1,045.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Daiwa Securities Group upped their price target on Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, DA Davidson upped their price target on Caterpillar from $650.00 to $845.00 and gave the stock a "neutral" rating in a research report on Monday, May 4th. 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, the company has a consensus rating of "Moderate Buy" and an average target price of $923.14.

Caterpillar Trading Up 3.3%

NYSE:CAT opened at $909.25 on Wednesday. Caterpillar Inc. has a twelve month low of $339.50 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. The business has a 50 day moving average price of $799.63 and a two-hundred day moving average price of $696.43. The company has a market cap of $418.79 billion, a P/E ratio of 45.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share 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 firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the prior year, the firm posted $4.25 EPS. The business's revenue was up 22.2% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th were issued a $1.51 dividend. 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 presently 30.06%.

Insider Buying and Selling

In other news, CAO William E. Schaupp sold 360 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total value of $326,160.00. Following the completion of the sale, the chief accounting officer owned 530 shares of the company's stock, valued at approximately $480,180. This represents a 40.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lange Bob De sold 24,222 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the sale, the insider directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 98,273 shares of company stock worth $89,439,960 in the last quarter. 0.33% of the stock is owned by company insiders.

Key Stories Impacting Caterpillar

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

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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