L & S Advisors Inc Invests $7.25 Million in Caterpillar Inc. $CAT

Key Points

• L & S Advisors Inc. opened a new position in Caterpillar during the fourth quarter, buying 12,653 shares valued at about $7.25 million.
• Caterpillar reported strong quarterly results, posting $5.54 EPS versus the $4.65 consensus and revenue of $17.42 billion, up 22.2% year over year.
• Analysts remain broadly positive on CAT, with several firms raising price targets and the stock carrying a Moderate Buy rating; Caterpillar also declared a quarterly dividend of $1.51 per share.

L & S Advisors Inc bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,653 shares of the industrial products company's stock, valued at approximately $7,249,000.

Several other hedge funds also recently made changes to their positions in CAT. Pacific Point Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $579,000. Brighton Jones LLC grew its position in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after acquiring an additional 2,519 shares in the last quarter. United Bank grew its position in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after acquiring an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in Caterpillar by 3.9% during 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 purchasing an additional 347 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Caterpillar by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after purchasing an additional 34,846 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Rothschild & Co Redburn lifted its price target on Caterpillar to $950 from $700, signaling continued upside potential despite keeping a neutral rating. Rothschild & Co Redburn adjusts price target on Caterpillar to $950 from $700, maintains neutral rating
• Positive Sentiment: Commentary from Jim Cramer called Caterpillar “a buy,” citing oil and gas exposure, infrastructure spending, and AI data-center power demand as potential tailwinds. Jim Cramer Says Caterpillar Is a Buy
• Positive Sentiment: Caterpillar said it is hiring 600 workers at its Sanford, North Carolina plant to support compact track loader production, suggesting strong demand and added manufacturing activity. Caterpillar hiring 600 jobs at Sanford plant
• Positive Sentiment: Industry research on Saudi Arabia’s construction equipment market pointed to Caterpillar as a key player in a market expected to grow steadily through 2030, supported by large infrastructure projects. Saudi Arabia Construction Equipment Industry Research 2026-2031 Featuring Caterpillar

Caterpillar Stock Performance

Shares of CAT stock opened at $888.90 on Friday. Caterpillar Inc. has a 1-year low of $336.24 and a 1-year high of $931.35. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $409.42 billion, a price-to-earnings ratio of 44.25, a P/E/G ratio of 1.77 and a beta of 1.63. The stock's fifty day simple moving average is $775.21 and its 200-day simple moving average is $680.05.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results 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. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the company posted $4.25 earnings per share. Caterpillar's revenue for the quarter was up 22.2% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 24.48 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar's payout ratio is currently 30.06%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the business's stock in a transaction dated 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 in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 24,222 shares of the business's 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 in the company, valued at $79,397,884.68. This trade represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 103,287 shares of company stock valued at $93,259,774 in the last ninety days. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Caterpillar from $960.00 to $1,050.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Robert W. Baird boosted their price objective on Caterpillar from $940.00 to $1,165.00 and gave the company an "outperform" rating in a research report on Friday, May 1st. Wolfe Research lifted their target price on Caterpillar from $670.00 to $750.00 and gave the company an "outperform" rating in a research note on Tuesday, March 31st. HSBC lifted their target price on Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Finally, Williams Trading set a $825.00 price objective on Caterpillar in a research note on Tuesday, March 10th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $923.14.

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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