Keudell Morrison Wealth Management Sells 1,918 Shares of Caterpillar Inc. $CAT

Key Points

• Keudell Morrison Wealth Management cut its Caterpillar stake by 32.1% in the first quarter, selling 1,918 shares and leaving it with 4,065 shares valued at about $2.88 million.
• Caterpillar’s recent earnings topped expectations, posting $5.54 EPS on $17.41 billion in revenue, with sales up 22.2% year over year. The company also raised its quarterly dividend to $1.63 from $1.51.
• Insider selling and bullish analyst sentiment both stood out: insiders sold $87.6 million of stock over the last 90 days, while analysts currently rate CAT a Moderate Buy with a consensus target price of $939.86.

Keudell Morrison Wealth Management lessened its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 32.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,065 shares of the industrial products company's stock after selling 1,918 shares during the quarter. Keudell Morrison Wealth Management's holdings in Caterpillar were worth $2,880,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pacific Point Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at about $579,000. Brighton Jones LLC boosted its holdings in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after buying an additional 2,519 shares during the period. United Bank grew its stake in Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company's stock valued at $1,585,000 after buying an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in Caterpillar by 3.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock valued at $3,551,000 after acquiring an additional 347 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after acquiring an additional 34,846 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Lange Bob De sold 24,222 shares of the stock in a transaction dated 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 transaction, the insider owned 86,029 shares of the company's stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the sale, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,773 shares of company stock valued at $87,642,635 over the last ninety days. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

NYSE:CAT opened at $986.44 on Wednesday. The company has a market cap of $454.34 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 2.02 and a beta of 1.59. Caterpillar Inc. has a fifty-two week low of $367.92 and a fifty-two week high of $1,023.29. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The stock has a fifty day moving average price of $883.64 and a 200-day moving average price of $747.45.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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 company had revenue of $17.41 billion for the quarter, compared to analysts' expectations of $16.53 billion. During the same quarter last year, the business earned $4.25 earnings per share. Caterpillar's revenue was up 22.2% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 24.64 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be issued a $1.63 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is 30.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Oppenheimer set a $980.00 price objective on Caterpillar and gave the stock an "outperform" rating in a report on Friday, May 1st. Rothschild & Co Redburn lifted their price target on Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Bank of America boosted their price target on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Citigroup upped their price objective on Caterpillar from $905.00 to $1,020.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, Zacks Research raised Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $939.86.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being linked to the AI buildout after reports said its Solar Turbines unit is helping supply equipment for Chevron and Microsoft’s massive West Texas data center power project, highlighting new long-term demand for power-generation gear. Caterpillar (CAT) Lands Key Role In Chevron Microsoft AI Data Center Build
• Positive Sentiment: CAT’s record $63 billion backlog, up 79% year over year, suggests sustained demand and gives investors more confidence in revenue visibility and 2026 sales growth. CAT's Record Backlog: A Sign of Sustained Demand Strength?
• Positive Sentiment: Analysts and market commentary continue to highlight Caterpillar as a top industrial stock, with industrial production improving and Caterpillar cited among names benefiting from the broader manufacturing upcycle. Industrial Production Rises Amid Inflation Woes: 4 Stocks to Grab
• Positive Sentiment: Market coverage says Caterpillar’s stock has hit a milestone above $1,000 and remains one of the standout winners in the industrial rally, reinforcing momentum-focused buying. Caterpillar’s stock hits a milestone as AI-fueled industrials rally sweeps up Wall Street
• Neutral Sentiment: Caterpillar Foundation news about extending STEM education and workforce-readiness collaboration is positive for the company’s reputation, but it is unlikely to move the stock much on its own. Project Lead The Way and Caterpillar Foundation Extend Collaboration to Advance STEM Education and Workforce Readiness
• Neutral Sentiment: Additional articles about Caterpillar’s long-term quality, investor attention, and record run mostly reinforce the bullish narrative rather than add a new catalyst. Industrial Production Rises Amid Inflation Woes: 4 Stocks to Grab

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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