Gen Wealth Partners Inc Sells 1,183 Shares of Caterpillar Inc. $CAT

Gen Wealth Partners Inc lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,242 shares of the industrial products company’s stock after selling 1,183 shares during the quarter. Caterpillar makes up about 1.0% of Gen Wealth Partners Inc’s portfolio, making the stock its 19th biggest position. Gen Wealth Partners Inc’s holdings in Caterpillar were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in Caterpillar during the second quarter valued at about $40,457,153,000. State Street Corp grew its stake in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after purchasing an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new position in Caterpillar in the second quarter worth about $5,818,150,000. Bank of New York Mellon Corp bought a new position in Caterpillar in the second quarter worth about $3,192,710,000. Finally, Legal & General Group Plc bought a new position in Caterpillar in the second quarter worth about $2,783,451,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Up 7.1%

Caterpillar stock opened at $598.35 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. The stock has a market cap of $275.04 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.65. The stock has a 50-day moving average of $756.16 and a two-hundred day moving average of $806.00. Caterpillar Inc. has a one year low of $537.08 and a one year high of $1,073.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The business had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. On average, research analysts anticipate that Caterpillar Inc. will post 27.39 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is 25.58%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic took over an order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights demand for power equipment from AI companies and could support Caterpillar’s generator business. Article: Caterpillar Stocks Jump 6.61% as Anthropic Takes Over $3.4 Billion Generator Order
• Positive Sentiment: Caterpillar and Phoenix Service Partners reported an ultra-low-methane emissions technology for large gas-compression systems. It may help customers meet environmental and permitting requirements, though the article does not quantify potential sales. Article: Why Is Caterpillar Pushing Ultra Low Methane Gas Compression?
• Neutral Sentiment: CAT’s rebound accompanied a strong Dow rally, suggesting broad-market strength contributed to the move. Technical analysis said the shares cleared several daily resistance levels but that the broader trend remained weak. Article: Dow’s nearly 700-point rally highlighted by gains for Amazon.com Inc., Caterpillar shares Article: Caterpillar stock support and resistance levels after 5.8% rebound
• Negative Sentiment: A recent report noted CAT had fallen about 10% in the prior week despite record quarterly sales and a $78 billion backlog, pointing to lingering concerns about the stock’s momentum. Article: Caterpillar Stock Sinks 10% in a Week Despite Record Backlog
• Negative Sentiment: Coverage of Michael Burry cashing in on Caterpillar put options after a reported fourfold gain highlights that bearish investors had profited from the stock’s recent weakness; it does not establish his current position. Article: Michael Burry Cashes In On Caterpillar Puts After 4X Gain

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Oppenheimer restated an “outperform” rating and issued a $1,009.00 price target on shares of Caterpillar in a report on Thursday, October 29th. Zacks Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. Freedom Broker lowered their target price on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Finally, Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $898.25.

Insider Activity at Caterpillar

In related news, Director C Jr bought 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were bought at an average price of $620.39 per share, with a total value of $620,390.00. Following the transaction, the director owned 4,714 shares in the company, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by insiders.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand.

Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.