Caterpillar Inc. $CAT Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 66.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 7,366 shares of the industrial products company’s stock after purchasing an additional 2,931 shares during the period. Western Wealth Management LLC’s holdings in Caterpillar were worth $5,218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Diamant Asset Management Inc. raised its stake in Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Capital International Investors purchased a new position in shares of Caterpillar in the 4th quarter valued at approximately $1,225,317,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Caterpillar by 573.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company’s stock valued at $861,947,000 after purchasing an additional 1,281,087 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Caterpillar by 16.0% in the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock valued at $3,860,457,000 after purchasing an additional 928,974 shares during the period. Finally, Cynosure Group LLC raised its position in Caterpillar by 8,359.6% during the 4th quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company’s stock worth $294,314,000 after buying an additional 507,681 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the transaction, the insider directly owned 49,825 shares in the company, valued at approximately $45,236,615.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 5,642 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the sale, the insider directly owned 9,594 shares in the company, valued at $8,471,789.82. This trade represents a 37.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 95,773 shares of company stock valued at $87,642,635. Company insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 3.2%

Shares of Caterpillar stock opened at $807.88 on Friday. The company has a 50-day moving average of $925.74 and a two-hundred day moving average of $811.49. Caterpillar Inc. has a 12-month low of $405.46 and a 12-month high of $1,073.46. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The stock has a market cap of $372.10 billion, a PE ratio of 40.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.41 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the previous year, the company earned $4.25 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s dividend payout ratio is currently 32.45%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar announced up to $10 million for workforce development in Illinois, part of its broader five-year, $100 million Building the Future Workforce Initiative. The investment is intended to address manufacturing and technician shortages, supporting long-term operating capacity and regional growth. Caterpillar Invests in the Future of Manufacturing Talent in Illinois
• Positive Sentiment: Several investment articles remain bullish, arguing that Caterpillar’s recent decline could create an attractive entry point for long-term investors ahead of earnings. The company has also benefited from strong demand, with its latest reported quarter showing revenue growth and earnings above analyst expectations. Here’s Why Caterpillar Is a Buy Before Earnings
• Neutral Sentiment: Wall Street is focused on Caterpillar’s second-quarter results, including key operating metrics such as sales, margins and segment performance. The earnings release could determine whether the recent demand strength offsets concerns about valuation and end-market risks. Unlocking Q2 Potential of Caterpillar
• Negative Sentiment: Robert W. Baird downgraded CAT from Outperform to Neutral and reduced its price target to $900 from $1,200. Analyst Mig Dobre cited growing backlash and uncertainty surrounding the data-center construction boom, which had helped drive enthusiasm for Caterpillar’s power-generation products. Baird Just Downgraded Caterpillar Stock
• Negative Sentiment: The downgrade intensified concerns that Caterpillar trades at a historically elevated valuation and could be vulnerable if AI-related infrastructure spending slows. Commentary also noted bearish positioning, including Michael Burry’s reported negative view of the stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CAT shares. Zacks Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday. Sanford C. Bernstein raised their price objective on shares of Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Citigroup increased their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Thirteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus price target of $966.29.

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.