Nisa Investment Advisors LLC Sells 3,255 Shares of Caterpillar Inc. $CAT

Key Points

• Nisa Investment Advisors reduced its Caterpillar stake by 2%, selling 3,255 shares and retaining 159,571 shares valued at approximately $129.4 million. Institutional investors collectively own about 70.98% of CAT.
• Analyst sentiment remains generally positive: 15 analysts rate Caterpillar a Buy and 12 rate it a Hold, producing a consensus “Moderate Buy” rating with an average price target of $967.83.
• Caterpillar reported strong quarterly results, with $8.17 in EPS and $20.54 billion in revenue, both above expectations, while revenue increased 23.7% year over year. The company also declared a quarterly dividend of $1.63 per share, implying a 0.9% annual yield.

Nisa Investment Advisors LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 159,571 shares of the industrial products company's stock after selling 3,255 shares during the period. Caterpillar accounts for 0.4% of Nisa Investment Advisors LLC's holdings, making the stock its 21st biggest holding. Nisa Investment Advisors LLC's holdings in Caterpillar were worth $129,379,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. lifted its holdings in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares during the period. Matrix Trust Co increased its holdings in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock valued at $33,000 after acquiring an additional 15 shares during the period. Axiom Investment Management LLC purchased a new position in shares of Caterpillar in the 2nd quarter valued at $36,000. Lam Group Inc. purchased a new position in shares of Caterpillar in the 1st quarter valued at $26,000. Finally, Tacita Capital Inc bought a new position in shares of Caterpillar in the 2nd quarter worth $47,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of analyst reports. Wall Street Zen upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, October 10th. Citigroup cut their target price on Caterpillar from $1,100.00 to $950.00 and set a "buy" rating on the stock in a research note on Monday, October 12th. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a report on Thursday, September 10th. Zacks Research lowered shares of Caterpillar from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Finally, Freedom Broker upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price target on the stock in a report on Thursday, September 10th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $967.83.

Caterpillar Stock Performance

Shares of CAT opened at $725.27 on Wednesday. Caterpillar Inc. has a 12 month low of $510.21 and a 12 month high of $1,073.46. The stock has a fifty day moving average price of $807.63 and a 200-day moving average price of $856.77. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm has a market cap of $333.38 billion, a PE ratio of 31.21, a P/E/G ratio of 1.25 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping 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 analysts' expectations of $19.34 billion. During the same quarter last year, the firm earned $4.72 EPS. The business's quarterly revenue was up 23.7% on a year-over-year basis. Equities research analysts predict that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm 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. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. Caterpillar's dividend payout ratio (DPR) is 28.06%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar received a Zacks Rank upgrade to #2 (Buy), reflecting increased optimism about its earnings outlook. That could provide support to the shares, although the upgrade is based on a quantitative ranking rather than a major change in company fundamentals. Caterpillar rating upgrade article
• Positive Sentiment: Caterpillar is investing $10 million to expand its North Carolina workforce and manufacturing presence. The investment signals confidence in regional production demand and could support long-term growth, though it is unlikely to materially affect near-term earnings. Caterpillar North Carolina investment article
• Neutral Sentiment: Analyst coverage remains broadly favorable, with Wall Street’s average recommendation suggesting CAT is suitable for portfolios. However, the report cautions that sell-side recommendations can be overly optimistic, limiting the signal’s value for investors. Caterpillar analyst recommendation article
• Neutral Sentiment: A comparison with W.W. Grainger and other industrial-products companies provides context on CAT’s year-to-date performance, but does not introduce a new company-specific catalyst. Caterpillar peer performance article
• Negative Sentiment: Caterpillar formally objected to the unauthorized tokenized trading of its shares on the OKX-ICE venue, citing regulatory and reputational risks. The dispute may create headline risk and reinforces concerns about how CAT stock is represented in unregistered digital-asset markets. Caterpillar tokenized shares article

Insider Buying and Selling

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

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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