Kelleher Financial Advisors Sells 1,008 Shares of Caterpillar Inc. $CAT

Kelleher Financial Advisors reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 49.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,028 shares of the industrial products company’s stock after selling 1,008 shares during the quarter. Kelleher Financial Advisors’ holdings in Caterpillar were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CAT. Stonebridge Financial Group LLC grew its position in shares of Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock worth $1,741,000 after buying an additional 11 shares during the period. Inspirion Wealth Advisors LLC lifted its holdings in Caterpillar by 1.2% in the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock valued at $936,000 after buying an additional 11 shares during the period. Bell Bank lifted its holdings in Caterpillar by 0.6% in the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock valued at $1,986,000 after buying an additional 11 shares during the period. Cornerstone Advisory LLC boosted its stake in Caterpillar by 0.7% in the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after acquiring an additional 12 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its stake in Caterpillar by 0.6% in the second quarter. Harbor Investment Advisory LLC now owns 2,057 shares of the industrial products company’s stock valued at $2,190,000 after acquiring an additional 13 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

CAT opened at $591.34 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The company has a fifty day simple moving average of $770.75 and a 200 day simple moving average of $807.05. The stock has a market cap of $271.82 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.07 and a beta of 1.65.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data 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 the consensus estimate of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business posted $4.95 EPS. On average, research analysts expect that Caterpillar Inc. will post 27.62 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is 25.58%.

Insider Transactions at Caterpillar

In other Caterpillar news, Director James C. Fish, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joseph Creed sold 32,401 shares of the 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 sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.33% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported a record $78 billion backlog and is expanding engine and turbine capacity to serve surging data-center power demand—an important growth opportunity. Article: CAT Q3 Earnings Call Highlights Record Backlog and Capacity Push
• Positive Sentiment: Director James Fish bought 1,000 shares for about $620,000, increasing his stake by nearly 27%; the insider purchase may indicate confidence in the company. Article: Caterpillar Director Purchases Stock
• Neutral Sentiment: Caterpillar completed its acquisition of Fabick Cat, a regional dealership. The deal expands its dealer operations, but the articles provide no estimate of its near-term financial impact. Article: Caterpillar Completes Fabick Cat Acquisition
• Negative Sentiment: Morgan Stanley cut its price target by 26% after earnings, citing falling orders and dealers trimming inventory. The firm sees the stock facing a more cyclical test after its AI-related rally. Article: Morgan Stanley Cuts Caterpillar Stock Price Target
• Negative Sentiment: Despite robust demand, tariffs, manufacturing costs and production constraints are pressuring margins and limiting how quickly Caterpillar can fulfill its backlog. Article: Caterpillar Backlog Meets Capacity Constraints
• Negative Sentiment: One report attributed weakness partly to a broader pullback in AI-linked stocks following the U.S. election, noting Caterpillar was being traded as an AI-power beneficiary despite no company-specific news. Article: Caterpillar Sinks as Investors Reassess AI Trade

Wall Street Analyst Weigh In

CAT has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. UBS Group cut their price target on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a research note on Monday, October 26th. Sanford C. Bernstein restated a “market perform” rating and issued a $749.00 price target on shares of Caterpillar in a research report on Wednesday, October 14th. Needham & Company LLC set a $980.00 price objective on Caterpillar in a report on Thursday, September 10th. Finally, DA Davidson cut their target price on Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research note on Monday. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Company 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.