1,285 Caterpillar Inc. $CAT Shares Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 40.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,488 shares of the industrial products company’s stock after buying an additional 1,285 shares during the period. Provenance Wealth Advisors LLC’s holdings in Caterpillar were worth $3,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. raised its position in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares during the period. PFS Partners LLC lifted its stake in shares of Caterpillar by 1,750.0% during the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 35 shares in the last quarter. Matrix Trust Co boosted its position in shares of Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after buying an additional 15 shares during the period. Cedar Mountain Advisors LLC boosted its position in shares of Caterpillar by 82.1% in the first quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock worth $36,000 after buying an additional 23 shares during the period. Finally, Axiom Investment Management LLC acquired a new stake in shares of Caterpillar in the second quarter valued at about $36,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the topic of several analyst reports. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada decreased their price target on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a report on Friday, October 30th. Morgan Stanley lowered their price objective on shares of Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research report on Friday, October 30th. DA Davidson dropped their price objective on shares of Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $898.25.

Caterpillar Stock Up 1.6%

Shares of Caterpillar stock opened at $623.53 on Wednesday. The business has a 50-day moving average of $775.16 and a 200-day moving average of $807.33. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The company has a market capitalization of $286.62 billion, a PE ratio of 24.46, a P/E/G ratio of 1.05 and a beta of 1.65. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, equities analysts forecast that Caterpillar Inc. will post 27.62 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 1.0%. Caterpillar’s payout ratio is currently 25.58%.

Insider Activity at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C Jr bought 1,000 shares of Caterpillar stock in a transaction dated Monday, November 2nd. The shares were acquired at an average price of $620.39 per share, with a total value of $620,390.00. Following the completion of the purchase, the director owned 4,714 shares in the company, valued at approximately $2,924,518.46. The trade was a 26.93% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is owned by insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is expanding engine and turbine production to meet data-center demand, a growth opportunity for its power-generation business. The company also reported a record $78 billion backlog and strong quarterly growth, although margin pressure remains a concern. Article: Caterpillar expands production of engines and turbines to meet data center demand
• Positive Sentiment: Director James Fish bought 1,000 shares for about $620,000, increasing his holdings by roughly 27%. The insider purchase may signal confidence in Caterpillar’s prospects. Article: Caterpillar director share purchase
• Positive Sentiment: Freedom Capital Markets maintained a Buy rating after lowering its price target to $800 from $980, still indicating substantial potential upside from the price cited in the report. Article: Freedom Capital Markets price target
• Neutral Sentiment: Caterpillar completed its acquisition of long-time dealer John Fabick Tractor Company, adding its Missouri, Illinois, Wisconsin and Michigan Upper Peninsula operations to the company’s dealer network. The deal may strengthen regional customer support, though its near-term financial impact is unclear. Article: Caterpillar acquires Fabick Cat dealership
• Negative Sentiment: DA Davidson cut its price target to $685 from $882 and kept a Neutral rating, citing valuation concerns despite improving demand. The debate over whether Caterpillar’s premium valuation and margin pressures are justified could weigh on sentiment. Article: Caterpillar target cut and margin concerns

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.