Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Caterpillar Inc. NYSE: CAT. In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Caterpillar stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
- Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
- Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
- Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
- Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
- Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
- Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
- Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.
Caterpillar Stock Performance
Shares of NYSE CAT traded up $0.24 during midday trading on Wednesday, reaching $349.64. 1,613,498 shares of the stock were exchanged, compared to its average volume of 2,608,543. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market cap of $164.70 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 1.87 and a beta of 1.35. The firm has a 50-day simple moving average of $319.50 and a two-hundred day simple moving average of $350.36. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to analyst estimates of $14.64 billion. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. The firm's quarterly revenue was down 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.60 EPS. As a group, analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.
Caterpillar Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Monday, April 21st were issued a dividend of $1.41 per share. This represents a $5.64 annualized dividend and a yield of 1.61%. The ex-dividend date was Monday, April 21st. Caterpillar's dividend payout ratio (DPR) is 27.49%.
Insider Transactions at Caterpillar
In related news, Director David Maclennan purchased 375 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares in the company, valued at approximately $2,133,617.10. This trade represents a 5.97% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.
Institutional Trading of Caterpillar
Hedge funds have recently made changes to their positions in the company. Inspire Investing LLC increased its holdings in shares of Caterpillar by 6.7% in the 1st quarter. Inspire Investing LLC now owns 46,037 shares of the industrial products company's stock valued at $15,183,000 after purchasing an additional 2,873 shares in the last quarter. Invst LLC lifted its stake in shares of Caterpillar by 62.0% in the 1st quarter. Invst LLC now owns 1,074 shares of the industrial products company's stock valued at $354,000 after purchasing an additional 411 shares in the last quarter. Modern Wealth Management LLC boosted its position in Caterpillar by 3.1% during the 1st quarter. Modern Wealth Management LLC now owns 10,217 shares of the industrial products company's stock worth $3,370,000 after purchasing an additional 310 shares during the period. Strs Ohio purchased a new stake in shares of Caterpillar during the first quarter valued at approximately $43,865,000. Finally, Jacobi Capital Management LLC grew its stake in Caterpillar by 1.2% during the 1st quarter. Jacobi Capital Management LLC now owns 12,416 shares of the industrial products company's stock valued at $4,095,000 after purchasing an additional 149 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CAT. Morgan Stanley raised Caterpillar from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $300.00 to $283.00 in a report on Wednesday, April 16th. Oppenheimer raised shares of Caterpillar from a "market perform" rating to an "outperform" rating and set a $395.00 target price on the stock in a research note on Thursday, May 1st. Bank of America raised their price target on shares of Caterpillar from $335.00 to $385.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Evercore ISI dropped their price objective on shares of Caterpillar from $375.00 to $373.00 and set an "in-line" rating for the company in a research note on Monday, May 19th. Finally, Truist Financial restated a "buy" rating and set a $396.00 target price (up from $389.00) on shares of Caterpillar in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.92.
Read Our Latest Stock Analysis on CAT
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Caterpillar
(
Get Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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