1,405 Caterpillar Inc. $CAT Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,784 shares of the industrial products company’s stock after selling 1,405 shares during the period. Caterpillar makes up about 0.5% of Sigma Planning Corp’s investment portfolio, making the stock its 29th biggest position. Sigma Planning Corp’s holdings in Caterpillar were worth $19,192,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new position in Caterpillar in the 2nd quarter valued at $40,457,153,000. Bank of America Corp DE acquired a new stake in shares of Caterpillar in the 2nd quarter valued at $5,818,150,000. Diamant Asset Management Inc. raised its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Caterpillar during the second quarter worth $3,192,710,000. Finally, Legal & General Group Plc acquired a new position in shares of Caterpillar during the second quarter valued at $2,783,451,000. 70.98% of the stock is owned by institutional investors.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the 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 transaction, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CAT. UBS Group raised their price target on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Robert W. Baird set a $970.00 price objective on Caterpillar in a report on Wednesday, August 5th. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $967.83.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $686.52 on Monday. The firm has a fifty day moving average of $798.82 and a two-hundred day moving average of $856.60. The stock has a market capitalization of $315.57 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.18 and a beta of 1.58. Caterpillar Inc. has a 52 week low of $521.02 and a 52 week high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the company earned $4.72 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, equities research analysts predict that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is currently 28.06%.

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.