6,961 Caterpillar Inc. $CAT Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,566 shares of the industrial products company’s stock after buying an additional 6,961 shares during the period. Rakuten Investment Management Inc.’s holdings in Caterpillar were worth $68,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. lifted its stake in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares in the last quarter. PFS Partners LLC grew its stake in Caterpillar by 1,750.0% during the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 35 shares in the last quarter. Matrix Trust Co grew its stake in Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 15 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of Caterpillar by 82.1% in the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 23 shares during the period. Finally, Axiom Investment Management LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Trending Headlines about Caterpillar

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

Caterpillar Trading Up 1.6%

NYSE:CAT opened at $623.53 on Wednesday. The company has a market capitalization of $286.62 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.05 and a beta of 1.65. The stock’s 50 day moving average price is $775.16 and its 200 day moving average price is $807.33. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. Caterpillar Inc. has a 52 week low of $537.08 and a 52 week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. During the same quarter last year, the firm earned $4.95 EPS. Caterpillar’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, research analysts forecast that Caterpillar Inc. will post 27.62 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced 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. This represents a $6.52 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is 25.58%.

Insider Activity

In related news, Director James C. Fish, Jr. acquired 1,000 shares of the 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 acquisition, 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph Creed sold 32,401 shares of the business’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 completion of the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CAT has been the subject of several research reports. Freedom Broker decreased their price target on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a report on Monday. Wall Street Zen lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays increased their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Truist Financial reissued a “buy” rating and set a $1,027.00 target price (down from $1,100.00) on shares of Caterpillar in a research note on Friday, October 30th. Finally, Oppenheimer restated an “outperform” rating and set a $1,009.00 price target on shares of Caterpillar in a report on Thursday, October 29th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Profile

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.