Caterpillar Inc. $CAT Stock Position Lifted by Claro Advisors Inc.

Claro Advisors Inc. increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 124.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,901 shares of the industrial products company’s stock after acquiring an additional 1,055 shares during the quarter. Claro Advisors Inc.’s holdings in Caterpillar were worth $1,542,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Caterpillar during the 2nd quarter worth about $40,457,153,000. State Street Corp lifted its position in Caterpillar by 4.0% during the 2nd 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 period. Bank of America Corp DE bought a new position in shares of Caterpillar in the 2nd quarter valued at about $5,818,150,000. Bank of New York Mellon Corp bought a new position in shares of Caterpillar in the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $552.88 on Friday. The stock has a market cap of $254.14 billion, a P/E ratio of 21.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.65. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The stock’s 50-day moving average price is $765.36 and its two-hundred day moving average price is $806.58. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company had revenue of $20.68 billion during the quarter, compared to analyst estimates of $20.76 billion. During the same quarter in the previous year, the business earned $4.95 EPS. The firm’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 27.62 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 1.2%. Caterpillar’s payout ratio is currently 25.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CAT shares. Weiss Ratings downgraded shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. President Capital assumed coverage on shares of Caterpillar in a report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective on the stock. Wall Street Zen cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Finally, Royal Bank Of Canada dropped their target price on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a research report on Friday, October 30th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $898.25.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported strong third-quarter results, with earnings above consensus, year-over-year growth, and a record $78.1 billion backlog. Surging demand for power-generation equipment is supporting capacity expansion, though production and cost pressures may limit the benefit. Article: CAT Shares Fall Despite Q3 Earnings Beat
• Positive Sentiment: Director James Fish bought 1,000 shares for about $620,000, increasing his stake by nearly 27%. The purchase may signal confidence in the company. Article: Caterpillar director purchases shares
• Neutral Sentiment: Caterpillar completed its acquisition of the Fabick Cat dealership. The deal expands its dealer operations in several Midwestern states, but the near-term financial effect is unclear. Article: Caterpillar completes Fabick Cat acquisition
• Negative Sentiment: The broader AI-trade selloff is weighing on industrial stocks, with investors treating Caterpillar as a beneficiary of data-center power investment and questioning whether that spending will continue. Reports tied the market reaction to expectations of less AI spending after Democrats won Congress; they noted no new company-specific catalyst. Article: Caterpillar caught up in AI trade selloff
• Negative Sentiment: Morgan Stanley cut its price target by 26%, citing a shift toward testing Caterpillar’s cyclical fundamentals. Reports also point to weaker orders, dealer inventory reductions, production constraints, tariffs and manufacturing costs—all risks to margins and backlog conversion. Article: Morgan Stanley cuts Caterpillar price target

Insider Transactions at Caterpillar

In other Caterpillar news, Director James C. Fish, Jr. purchased 1,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director directly owned 4,714 shares in the company, valued at $2,924,518.46. This trade represents a 26.93% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Creed sold 32,401 shares of Caterpillar stock in a transaction dated Friday, August 28th. The shares were 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 in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is currently owned by insiders.

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.