Caterpillar Inc. $CAT Stock Position Increased by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in Caterpillar Inc. (NYSE:CAT) by 28.2% during the 4th quarter, HoldingsChannel reports. The firm owned 12,292 shares of the industrial products company’s stock after buying an additional 2,706 shares during the quarter. Parallel Advisors LLC’s holdings in Caterpillar were worth $7,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CAT. Wellington Management Group LLP lifted its position in Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock valued at $2,494,568,000 after purchasing an additional 5,098,964 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in 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. Amundi lifted its position in Caterpillar by 24.3% in the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock valued at $1,176,870,000 after purchasing an additional 464,036 shares during the last quarter. Vanguard Group Inc. lifted its position in Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock valued at $26,572,681,000 after purchasing an additional 442,164 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd bought a new stake in Caterpillar in the 4th quarter valued at about $252,204,000. 70.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the sale, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at $48,631,913.85. This represents a 22.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the sale, the insider directly owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,773 shares of company stock valued at $87,642,635 in the last ninety days. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CAT shares. Robert W. Baird boosted their price target on shares of Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Daiwa Securities Group boosted their price target on shares of Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. CICC Research began coverage on shares of Caterpillar in a research report on Friday, February 6th. They set an “outperform” rating on the stock. Finally, Argus boosted their target price on shares of Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $933.27.

Caterpillar Price Performance

NYSE CAT opened at $940.91 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $433.37 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 1.83 and a beta of 1.59. The company has a 50 day moving average price of $828.26 and a two-hundred day moving average price of $713.07. Caterpillar Inc. has a 12-month low of $345.85 and a 12-month high of $946.83.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.25 earnings per share. As a group, equities analysts predict that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is 30.06%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Tariff relief on farm and construction equipment could lower input costs and improve Caterpillar’s profitability, making the stock more attractive to investors. Trump Just Gave Caterpillar Stock a Boost. What to Know.
• Positive Sentiment: Market commentary suggests Caterpillar is among the equipment makers that could benefit most from the tariff cuts, reinforcing the bullish case for CAT shares. When Trump Cuts Tariffs on Farm and Construction Equipment, These 5 Stocks Win Big
• Neutral Sentiment: Coverage of Caterpillar’s BEPU electric drivetrain effort highlights the company’s long-term electrification strategy, but it appears to be more of a future-growth theme than a near-term stock driver. Caterpillar BEPU makes going electric as easy as swapping an engine
• Neutral Sentiment: General industry roundups and market coverage mention Caterpillar among construction stocks to watch, but they do not provide a new company-specific catalyst. Construction Stocks To Consider – June 1st
• Neutral Sentiment: Broader market reporting noted CAT rising alongside the Dow, but this reflects general risk-on sentiment rather than a separate fundamental development. Dow moves higher as shares of Caterpillar climb

About Caterpillar

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.