MassMutual Private Wealth & Trust FSB Sells 2,582 Shares of Caterpillar Inc. $CAT

Key Points

• MassMutual reduced its Caterpillar stake by 6.1%, selling 2,582 shares and retaining 39,941 shares valued at approximately $32.3 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Analysts remain broadly positive, with Caterpillar receiving a “Moderate Buy” consensus rating and an average price target of $994.38, despite several analysts maintaining neutral or market-perform ratings.
• Caterpillar reported strong quarterly growth, posting $8.17 in earnings per share and $20.54 billion in revenue, exceeding estimates while revenue rose 23.7% year over year. The company is also planning a $1 billion North Carolina expansion expected to create more than 1,950 jobs.

MassMutual Private Wealth & Trust FSB lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,941 shares of the industrial products company's stock after selling 2,582 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Caterpillar were worth $32,335,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CAT. Decker Retirement Planning Inc. grew its position in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co grew its holdings in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after purchasing an additional 15 shares during the period. Axiom Investment Management LLC purchased a new position in Caterpillar in the second quarter valued at approximately $36,000. Lam Group Inc. purchased a new stake in Caterpillar during the first quarter worth approximately $26,000. Finally, Tacita Capital Inc purchased a new position in shares of Caterpillar in the 2nd quarter valued at $47,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised their price objective on Caterpillar from $900.00 to $925.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. Truist Financial set a $980.00 price target on Caterpillar in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company increased their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average price target of $994.38.

Insider Buying and Selling

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is owned by company insiders.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Market rally lifts CAT: Caterpillar was one of the notable contributors to a roughly 400-point Dow rally, benefiting from renewed demand for large-cap industrial stocks and gains in technology and manufacturing shares. Dow's 400-point rally led by gains in Caterpillar, NVIDIA Corp. shares
• Positive Sentiment: $1 billion North Carolina expansion: Caterpillar plans a new Sanford, North Carolina, manufacturing facility expected to create more than 1,950 jobs. The site will expand production of compact track loaders and other compact construction equipment, supporting the company’s Cat Compact growth strategy and adding capacity in a growing product category. Caterpillar invests $1B in Sanford expansion
• Positive Sentiment: Broader investment and distribution strategy: Coverage indicates Caterpillar and Ultium Cells are making major facility investments, while CAT also plans to acquire Fabick Cat, a long-established dealership. These moves could strengthen manufacturing capacity, distribution and customer reach, though they require substantial capital. Caterpillar and Ultium Cells make $1B facility investments
• Neutral Sentiment: Analyst support is constructive but not decisive: Caterpillar’s average brokerage recommendation favors investment, but the report cautions that sell-side ratings can be overly optimistic. With CAT trading at a high earnings multiple, further upside likely depends on sustained earnings growth rather than ratings alone. Caterpillar Is Considered a Good Investment by Brokers

Caterpillar Trading Down 0.0%

NYSE:CAT opened at $845.38 on Monday. The stock has a market cap of $388.60 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. Caterpillar Inc. has a one year low of $483.55 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The business's 50-day simple moving average is $822.30 and its 200 day simple moving average is $850.06.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share 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 firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the firm earned $4.72 EPS. Caterpillar's quarterly revenue was up 23.7% on a year-over-year basis. As a group, sell-side analysts predict that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.