Platt Wealth Management LLC Acquires New Holdings in Caterpillar Inc. $CAT

Key Points

• Platt Wealth Management disclosed a new fourth-quarter stake in Caterpillar, buying 3,347 shares valued at about $1.9 million. The position makes up 1.9% of its portfolio and ranks as its 16th-largest holding.
• 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, underscoring solid operating momentum.
• Analysts remain broadly constructive on CAT, with a consensus rating of “Moderate Buy” and an average price target of $923.14. Recent research firms have raised targets, citing growth opportunities in Caterpillar’s power and energy business.

Platt Wealth Management LLC acquired a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,347 shares of the industrial products company's stock, valued at approximately $1,917,000. Caterpillar makes up 1.9% of Platt Wealth Management LLC's portfolio, making the stock its 16th largest holding.

Other institutional investors have also made changes to their positions in the company. Torren Management LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $27,000. IFS Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter valued at approximately $31,000. Rialto Wealth Management LLC raised its stake in shares of Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 18 shares in the last quarter. Noble Wealth Management PBC increased its position in Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock worth $34,000 after buying an additional 35 shares during the period. Finally, Burkett Financial Services LLC increased its position in Caterpillar by 82.9% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the industrial products company's stock worth $36,000 after buying an additional 34 shares during the period. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Performance

CAT opened at $880.23 on Friday. The stock has a market cap of $405.42 billion, a PE ratio of 43.81, a P/E/G ratio of 1.71 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 1 year low of $336.24 and a 1 year high of $931.35. The stock's 50 day simple moving average is $791.73 and its 200-day simple moving average is $690.84.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.42 billion for the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.25 earnings per share. Sell-side analysts forecast that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were paid a $1.51 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar's payout ratio is currently 30.06%.

Analyst Ratings Changes

Several research analysts have commented on CAT shares. DA Davidson lifted 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. Bank of America lifted their price target on Caterpillar from $930.00 to $989.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Sanford C. Bernstein lifted their price target on Caterpillar from $769.00 to $879.00 and gave the stock a "market perform" rating in a research report on Friday, May 1st. Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Finally, Truist Financial set a $1,043.00 price target on Caterpillar in a research report on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $923.14.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Insiders Place Their Bets

In related news, insider Lange Bob De sold 24,222 shares of the business's stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider owned 86,029 shares of the company's stock, valued at $79,397,884.68. The trade was a 21.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the business's stock in a transaction on 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 completion of the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,551 shares of company stock worth $91,170,351 over the last quarter. Corporate insiders own 0.33% of the company's stock.

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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