Key Points
- Insider sale: Caterpillar insider Anthony Fassino sold 16,283 shares at an average price of $916.80, totaling about $14.9 million. After the transaction, he still held 46,041 shares, but his position was reduced by 26.13%.
- Strong earnings performance: Caterpillar recently reported quarterly EPS of $5.54, beating analyst estimates of $4.65, on revenue of $17.42 billion. Revenue rose 22.2% year over year, and the company also posted a strong return on equity of 48.21%.
- Positive outlook from analysts: Several firms raised price targets and maintained bullish ratings, with the consensus view at Moderate Buy and an average target price of $911.77. Recent commentary also highlighted strong demand, upbeat guidance, and continued momentum in Caterpillar’s business.
Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Anthony Fassino sold 16,283 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the sale, the insider owned 46,041 shares in the company, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Caterpillar Stock Performance
Shares of CAT stock opened at $912.17 on Wednesday. The company has a market cap of $420.14 billion, a P/E ratio of 45.40, a PEG ratio of 1.86 and a beta of 1.63. The business has a 50 day moving average of $765.20 and a two-hundred day moving average of $673.10. Caterpillar Inc. has a 52 week low of $336.24 and a 52 week high of $931.35. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.
Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts' consensus estimates 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 $17.42 billion for the quarter, compared to analysts' expectations of $16.53 billion. During the same period in the prior year, the firm earned $4.25 EPS. The business's quarterly revenue was up 22.2% on a year-over-year basis. As a group, analysts anticipate that Caterpillar Inc. will post 24.21 EPS for the current year.
Caterpillar Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is presently 30.06%.
Hedge Funds Weigh In On Caterpillar
Several institutional investors and hedge funds have recently added to or reduced their stakes in CAT. Illinois Municipal Retirement Fund lifted its holdings in shares of Caterpillar by 7.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company's stock valued at $8,237,000 after buying an additional 1,181 shares during the last quarter. Caprock Group LLC acquired a new position in Caterpillar in the third quarter worth approximately $8,893,000. ZEGA Investments LLC raised its position in Caterpillar by 149.6% during the third quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company's stock valued at $1,996,000 after acquiring an additional 2,508 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Caterpillar by 2.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company's stock valued at $79,053,000 after acquiring an additional 4,010 shares during the last quarter. Finally, Juno Financial Group LLC bought a new stake in Caterpillar in the fourth quarter worth approximately $877,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
CAT has been the topic of a number of analyst reports. Oppenheimer set a $980.00 price objective on shares of Caterpillar and gave the stock an "outperform" rating in a report on Friday, May 1st. Citigroup boosted their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Bank of America raised their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Robert W. Baird lifted their price target on Caterpillar from $940.00 to $1,165.00 and gave the company an "outperform" rating in a report on Friday, May 1st. Finally, Wall Street Zen raised Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $911.77.
Check Out Our Latest Research Report on Caterpillar
Key Headlines Impacting Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Argus raised its price target on Caterpillar to $990 from $820 and reiterated a Buy rating, saying it expects strong demand and continued business momentum. Argus Lifts PT on Caterpillar Inc. (CAT), Expects Strong Demand
- Positive Sentiment: Evercore also boosted its price target, lifting it to $1,103 from $878, signaling further upside expectations for shares. Evercore price target update
- Positive Sentiment: Caterpillar released its 2025 Annual and Sustainability Reports, highlighting record full-year sales and revenue in its centennial year and a refreshed strategy focused on profitable growth. Caterpillar Inc. Releases 2025 Annual and Sustainability Reports
- Positive Sentiment: Recent coverage also highlighted Caterpillar’s strong first-quarter results, upbeat full-year guidance, and progress on its share buyback program, all of which support the investment case. Caterpillar (CAT) Is Up 5.9% After Strong Q1...
- Neutral Sentiment: CNBC’s “lightning round” segment featured Jim Cramer saying to buy Caterpillar, adding to the positive sentiment but without new fundamentals. Cramer's lightning round: Buy Caterpillar
- Negative Sentiment: Insider Anthony D. Fassino sold 16,283 shares at an average price of $916.80, a transaction that may be viewed as a modest negative signal even though he still owns a meaningful stake. Insider trade filing
Caterpillar Company Profile
(
Get Free Report)
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.
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