Caterpillar Inc. $CAT Stock Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 124.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,695 shares of the industrial products company’s stock after purchasing an additional 7,029 shares during the period. First Citizens Bank & Trust Co.’s holdings in Caterpillar were worth $10,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lam Group Inc. purchased a new position in Caterpillar during the first quarter worth $26,000. Decker Retirement Planning Inc. raised its holdings in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 15 shares during the last quarter. Monetary Solutions Ltd purchased a new stake in shares of Caterpillar in the fourth quarter valued at $35,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of Caterpillar by 82.1% in the first quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CAT shares. Freedom Broker raised Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a research note on Thursday, September 10th. Royal Bank Of Canada boosted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Citigroup reduced their target price on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their price target on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $982.92.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total value 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 trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Down 3.4%

Shares of Caterpillar stock opened at $772.42 on Wednesday. Caterpillar Inc. has a fifty-two week low of $499.01 and a fifty-two week high of $1,073.46. The business’s fifty day moving average is $819.49 and its two-hundred day moving average is $855.64. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market cap of $355.06 billion, a PE ratio of 33.24, a P/E/G ratio of 1.38 and a beta of 1.58.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS 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%. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.72 earnings per share. Analysts anticipate that Caterpillar Inc. will post 27.49 earnings per share for the current year.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar announced a planned $1 billion U.S. investment in compact construction equipment, supporting domestic manufacturing capacity and potentially strengthening its position in infrastructure and construction markets. Caterpillar announces $1B US compact equipment investment
• Positive Sentiment: Caterpillar is highlighted as a dividend-paying company with exposure to artificial-intelligence infrastructure through its power-generation equipment, alongside Broadcom and Vertiv. 3 Dividend Paying Stocks Offering AI Exposure
• Neutral Sentiment: Recent comparisons with Deere and Timken frame Caterpillar as a major industrial competitor, but do not introduce a specific new catalyst for CAT. Which Industrials Stock Do Analysts Like Better: Deere or Caterpillar? Timken and Caterpillar Head-To-Head Analysis
• Negative Sentiment: Analysts at Citi and Truist reportedly lowered their price targets, while the stock broke below a key technical support level. The decline from its June peak has intensified concerns about momentum and valuation. Caterpillar stock drops below key support as Citi, Truist slashes target
• Negative Sentiment: The market appears to be questioning the premium assigned to Caterpillar’s data-center power business, particularly whether rapidly growing project demand can remain durable. Caterpillar Sinks as Deere Edges Higher What Could Derail Caterpillar Stock?
• Negative Sentiment: Caterpillar trades at a growth-stock valuation despite its historically cyclical construction and mining businesses. Investors are concerned that dealer restocking and infrastructure demand may moderate after recent strong growth. Caterpillar: A Cyclical Machine Maker Meets a Growth-Stock Valuation
• Negative Sentiment: Erste Group Bank modestly reduced its FY2027 earnings-per-share forecast to $32.14 from $32.28 and maintained a “Hold” rating, adding to the cautious analyst tone. Caterpillar earnings estimate update

Caterpillar Profile

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.