5,688 Caterpillar Inc. $CAT Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,191 shares of the industrial products company’s stock after selling 5,688 shares during the quarter. Retirement Systems of Alabama’s holdings in Caterpillar were worth $182,583,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. boosted its stake in Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 22 shares during the period. PFS Partners LLC raised its position in shares of Caterpillar by 1,750.0% during the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 35 shares during the period. Matrix Trust Co raised its position in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the period. Axiom Investment Management LLC bought a new stake in shares of Caterpillar in the 2nd quarter worth approximately $36,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Caterpillar in the 1st quarter worth approximately $46,000. Institutional investors own 70.98% of the company’s stock.

Key Stories 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 research firms recently issued reports on CAT. Citigroup reduced their price objective on Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, October 30th. DA Davidson dropped their target price on Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. President Capital assumed coverage on Caterpillar in a research note on Friday, September 18th. They issued a “buy” rating and a $999.00 target price on the stock. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company reduced their price target on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating for the company in a report on Monday, October 26th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $898.25.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $598.35 on Tuesday. The firm’s 50 day moving average is $756.16 and its two-hundred day moving average is $806.00. The firm has a market capitalization of $275.04 billion, a P/E ratio of 23.47, a PEG ratio of 1.02 and a beta of 1.65. 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 Inc. has a 52 week low of $537.08 and a 52 week high of $1,073.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.76 billion. During the same period in the previous year, the firm posted $4.95 earnings per share. The business’s revenue was up 17.3% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 27.39 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 paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 1.1%. Caterpillar’s payout ratio is presently 25.58%.

Insiders Place Their Bets

In other Caterpillar news, Director C Jr purchased 1,000 shares of Caterpillar stock in a transaction on Monday, November 2nd. The stock was bought at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director owned 4,714 shares of the company’s stock, valued at $2,924,518.46. The trade was a 26.93% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on 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 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. The trade was a 48.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

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.