Caterpillar Inc. $CAT Holdings Lessened by Iowa State Bank

Iowa State Bank reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 22.2% during the third quarter, HoldingsChannel reports. The firm owned 6,967 shares of the industrial products company’s stock after selling 1,990 shares during the quarter. Iowa State Bank’s holdings in Caterpillar were worth $5,649,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC grew its holdings in Caterpillar by 19.8% during the 3rd quarter. Byrne Asset Management LLC now owns 4,121 shares of the industrial products company’s stock valued at $3,087,000 after purchasing an additional 681 shares in the last quarter. Legacy Private Trust Co. boosted its position in Caterpillar by 1.8% in the 3rd quarter. Legacy Private Trust Co. now owns 2,851 shares of the industrial products company’s stock valued at $2,312,000 after buying an additional 51 shares during the last quarter. Olistico Wealth LLC boosted its position in Caterpillar by 1.0% in the 3rd quarter. Olistico Wealth LLC now owns 1,962 shares of the industrial products company’s stock valued at $1,591,000 after buying an additional 20 shares during the last quarter. Park National Corp OH grew its stake in shares of Caterpillar by 5.1% during the third quarter. Park National Corp OH now owns 40,449 shares of the industrial products company’s stock valued at $32,796,000 after acquiring an additional 1,962 shares in the last quarter. Finally, Horizons Wealth Management purchased a new stake in shares of Caterpillar during the third quarter worth about $202,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Truist Financial dropped their price objective on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Robert W. Baird set a $970.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $989.17.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction 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. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-related data-center construction is emerging as an additional growth driver for Caterpillar’s power-equipment business. Analysts view CAT as a potential fourth-quarter rebound candidate after lagging other AI infrastructure stocks in the third quarter, with demand, guidance and estimate revisions supporting the thesis. Buy Q3 AI Data Center Laggards CAT, GLW, JBL for a Rebound in Q4 Zacks AI Data Center Laggards Article
• Positive Sentiment: Steady factory orders, ongoing infrastructure investment and resilient construction and mining activity are cited as reasons CAT could continue to benefit despite inflation, tariffs and higher energy costs. Stocks to Boost Your Portfolio on Factory Orders
• Positive Sentiment: The latest quarterly results reinforce the fundamental story: revenue reached a record roughly $20.5 billion, up 23.7% year over year, while adjusted earnings of $8.17 per share exceeded expectations of $6.22. Caterpillar is a Great Business
• Neutral Sentiment: Several market roundups list CAT among construction and mining stocks worth monitoring, but provide limited new company-specific information. Promising Construction Stocks Promising Mining Stocks
• Negative Sentiment: One analysis argues that data-center tailwinds are real but already reflected in CAT’s share price. With a reported P/E ratio near 37, the valuation leaves less room for execution disappointments or slower industrial growth. Caterpillar Data Center Tailwinds and Valuation

Caterpillar Stock Up 2.2%

NYSE CAT traded up $18.48 on Tuesday, hitting $866.62. 916,310 shares of the stock traded hands, compared to its average volume of 2,812,547. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average of $821.77 and a 200 day moving average of $851.07. Caterpillar Inc. has a twelve month low of $483.55 and a twelve month high of $1,073.46. The company has a market capitalization of $398.36 billion, a P/E ratio of 37.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.During the same period in the previous year, the business earned $4.72 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.