Texas Capital Bank Wealth Management Services Inc Purchases 1,170 Shares of Caterpillar Inc. $CAT

Key Points

• Texas Capital Bank Wealth Management Services increased its Caterpillar stake by 5.2% in the fourth quarter, buying 1,170 shares and bringing its total to 23,738 shares worth about $13.6 million.
• Caterpillar insiders have been selling shares, including CFO Andrew R. J. Bonfield and insider Bob De Lange, with 98,273 shares sold over the last 90 days totaling about $89.4 million.
• The company recently beat quarterly earnings and revenue estimates, reporting $5.54 EPS on $17.42 billion in revenue, while analysts maintain a Moderate Buy rating with an average price target of $923.14.

Texas Capital Bank Wealth Management Services Inc boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,738 shares of the industrial products company's stock after acquiring an additional 1,170 shares during the quarter. Caterpillar accounts for approximately 0.8% of Texas Capital Bank Wealth Management Services Inc's portfolio, making the stock its 25th largest holding. Texas Capital Bank Wealth Management Services Inc's holdings in Caterpillar were worth $13,599,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in Caterpillar during the fourth quarter valued at about $27,000. Frazier Financial Advisors LLC boosted its position in Caterpillar by 220.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after buying an additional 33 shares during the period. IFS Advisors LLC purchased a new stake in Caterpillar during the fourth quarter valued at about $31,000. Rialto Wealth Management LLC boosted its position in Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock valued at $32,000 after buying an additional 18 shares during the period. Finally, Noble Wealth Management PBC boosted its position in Caterpillar by 140.0% during the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock valued at $34,000 after buying an additional 35 shares during the period. Institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, CFO Andrew R. J. Bonfield sold 15,674 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the sale, the chief financial officer owned 52,935 shares of the company's stock, valued at $48,631,913.85. This trade represents a 22.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lange Bob De sold 24,222 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the sale, the insider directly owned 86,029 shares of the company's stock, valued at $79,397,884.68. This trade represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 98,273 shares of company stock valued at $89,439,960 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $910.54 on Thursday. Caterpillar Inc. has a fifty-two week low of $339.50 and a fifty-two week high of $931.35. The company has a 50 day simple moving average of $803.84 and a two-hundred day simple moving average of $698.83. The company has a market capitalization of $419.39 billion, a price-to-earnings ratio of 45.32, a P/E/G ratio of 1.79 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating 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 business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter last year, the firm earned $4.25 earnings per share. The business's revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted as flashing a buy signal as the S&P 500 and Nasdaq hit new highs, suggesting technical momentum may be supporting the stock. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: Investors are also focusing on Caterpillar’s exposure to data-center power demand, with commentary pointing to about $10.2 billion in generator sales last year as a “hidden AI revenue stream.” A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Positive Sentiment: A new bill aimed at classifying municipal snow-removal machinery as emergency vehicles could modestly support future demand for Caterpillar snow-removal equipment from local governments. New Bill: Representative Jack Bergman introduces H.R. 8782: Protecting Lifesaving Operations during Winter Storms Act
• Neutral Sentiment: Additional articles discussed Caterpillar in broader market and industrial-stock roundups, but did not add new company-specific catalysts. Best Construction Stocks To Follow Today - May 23rd

Analyst Upgrades and Downgrades

Several research firms have issued reports on CAT. UBS Group restated a "neutral" rating and set a $677.00 price target on shares of Caterpillar in a research report on Monday, February 2nd. Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an "equal weight" rating in a research report on Friday, May 1st. Robert W. Baird increased their target price on shares of Caterpillar from $940.00 to $1,165.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Wolfe Research increased their target price on shares of Caterpillar from $670.00 to $750.00 and gave the stock an "outperform" rating in a report on Tuesday, March 31st. Finally, Barclays increased their target price on shares of Caterpillar from $700.00 to $800.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Caterpillar has an average rating of "Moderate Buy" and an average price target of $923.14.

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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