SJS Investment Consulting Inc. Reduces Position in Caterpillar Inc. $CAT

Key Points

• SJS Investment Consulting cut its Caterpillar position by 41.5% in the first quarter, selling 986 shares and leaving it with 1,388 shares valued at about $983,000.
• Caterpillar’s latest earnings beat expectations, posting $5.54 EPS on $17.41 billion in revenue, with revenue up 22.2% year over year.
• The company also raised its quarterly dividend to $1.63 per share, while analysts remain generally constructive with a Moderate Buy consensus and an average price target of $941.45.

SJS Investment Consulting Inc. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 41.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,388 shares of the industrial products company's stock after selling 986 shares during the period. SJS Investment Consulting Inc.'s holdings in Caterpillar were worth $983,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Caterpillar by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock valued at $26,572,681,000 after buying an additional 442,164 shares during the last quarter. State Street Corp lifted its stake in shares of Caterpillar by 1.1% during the 4th quarter. State Street Corp now owns 35,388,550 shares of the industrial products company's stock worth $20,273,039,000 after acquiring an additional 385,204 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Caterpillar by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company's stock valued at $6,072,572,000 after acquiring an additional 94,524 shares during the period. Fisher Asset Management LLC grew its position in Caterpillar by 0.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company's stock valued at $5,438,408,000 after acquiring an additional 54,069 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Caterpillar by 16.0% in the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock worth $3,860,457,000 after purchasing an additional 928,974 shares during the period. Institutional investors own 70.98% of the company's stock.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Zacks Research raised its Q3 EPS estimates for Caterpillar, reinforcing the view that earnings momentum may remain strong. Q3 EPS Estimates for Caterpillar Raised by Zacks Research
• Positive Sentiment: Coverage highlighting Caterpillar’s “unprecedented valuation” tied to the AI infrastructure buildout suggests investors are paying up for CAT’s exposure to data center, power, and heavy equipment demand. Caterpillar Hits Unprecedented Valuation Amid AI Infrastructure Surge
• Positive Sentiment: Analyst roundups continue to list Caterpillar among favored industrial names, implying the stock remains a preferred pick despite broader sector caution. Zacks Analyst Blog Highlights Caterpillar
• Neutral Sentiment: Industry commentary says the construction and mining equipment sector faces headwinds, but Caterpillar is still viewed as one of the names worth watching. 3 Construction & Mining Equipment Stocks Braving Industry Headwinds

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 5,642 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the sale, the insider owned 9,594 shares in the company, valued at $8,471,789.82. This represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 95,773 shares of company stock valued at $87,642,635. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $1,033.40 on Tuesday. The firm has a market cap of $475.97 billion, a P/E ratio of 51.44, a P/E/G ratio of 1.97 and a beta of 1.59. 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 12 month low of $384.25 and a 12 month high of $1,057.07. The stock's fifty day moving average price is $902.63 and its 200-day moving average price is $759.31.

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 for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.41 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same period in the prior year, the firm earned $4.25 earnings per share. The firm's revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities research analysts expect that Caterpillar Inc. will post 24.66 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, July 20th. This is a boost from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio is currently 30.06%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup lifted their target price on Caterpillar from $905.00 to $1,020.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Daiwa Securities Group raised their price target on shares of Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Finally, UBS Group reaffirmed a "neutral" rating and set a $900.00 target price on shares of Caterpillar in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $941.45.

Caterpillar Profile

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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