SmartHarvest Portfolios LLC Makes New Investment in Caterpillar Inc. $CAT

Key Points

• SmartHarvest Portfolios LLC opened a new position in Caterpillar during the fourth quarter, buying 2,031 shares valued at about $1.164 million.
• Caterpillar reported strong quarterly results, with EPS of $5.54 beating estimates and revenue of $17.42 billion also topping forecasts, while revenue rose 22.2% year over year.
• The company raised its quarterly dividend by 8% to $1.63 per share, and analysts have remained broadly positive with a consensus rating of Moderate Buy and an average target price of $933.27.

SmartHarvest Portfolios LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,031 shares of the industrial products company's stock, valued at approximately $1,164,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in Caterpillar in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC increased its position in Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 33 shares during the period. IFS Advisors LLC acquired a new position in Caterpillar in the 4th quarter valued at about $31,000. Rialto Wealth Management LLC increased its position in 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 during the period. Finally, 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 valued at $34,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling at Caterpillar

In other news, CAO William E. Schaupp sold 360 shares of the business's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total transaction of $326,160.00. Following the sale, the chief accounting officer owned 530 shares of the company's stock, valued at $480,180. The trade was a 40.45% decrease in their position. The sale was disclosed in a legal 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 that occurred 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 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. Over the last three months, insiders have sold 95,773 shares of company stock worth $87,642,635. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

NYSE CAT opened at $898.14 on Friday. 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 business's 50 day moving average is $848.24 and its two-hundred day moving average is $725.35. Caterpillar Inc. has a 12-month low of $355.70 and a 12-month high of $946.83. The stock has a market capitalization of $413.68 billion, a price-to-earnings ratio of 44.71, a PEG ratio of 1.69 and a beta of 1.59.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.25 EPS. Research analysts expect that Caterpillar Inc. will post 24.69 EPS for the current year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. Caterpillar's dividend payout ratio is presently 30.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar boosted its quarterly dividend by 8% to $1.63 per share, reinforcing confidence in cash flow and shareholder returns. Caterpillar boosts quarterly dividend following shareholder meeting
• Positive Sentiment: Analysts lifted forward earnings estimates, and the stock was highlighted as a momentum name and a “strong buy,” which can attract additional buyers. Best Momentum Stocks to Buy for June 11th
• Positive Sentiment: Erste Group Bank raised FY2026 and FY2027 EPS estimates for Caterpillar, suggesting stronger profit expectations ahead. Erste Group Bank estimate update
• Neutral Sentiment: Some commentary noted Caterpillar is nearing its highs and may be richly valued after a big run, which could limit upside if growth slows. Caterpillar Stock Nearing 52-Week High: Buy, Sell or Hold?
• Negative Sentiment: One trading note said CAT had declined more than the broader market in the prior session, reflecting some short-term pressure after a sharp pullback. Caterpillar (CAT) Declines More Than Market

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer set a $980.00 price target on Caterpillar and gave the company an "outperform" rating in a research report on Friday, May 1st. Barclays boosted their target price on Caterpillar from $700.00 to $800.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. HSBC boosted their target price on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Sanford C. Bernstein boosted their target price on Caterpillar from $769.00 to $879.00 and gave the stock a "market perform" rating in a research report on Friday, May 1st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Caterpillar in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $933.27.

Caterpillar Company 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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