Verity Asset Management Inc. Has $817,000 Stock Position in Caterpillar Inc. $CAT

Verity Asset Management Inc. decreased its stake in Caterpillar Inc. (NYSE:CAT) by 37.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,427 shares of the industrial products company’s stock after selling 849 shares during the quarter. Verity Asset Management Inc.’s holdings in Caterpillar were worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Illinois Municipal Retirement Fund boosted its position in Caterpillar by 7.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after acquiring an additional 1,181 shares during the period. Caprock Group LLC acquired a new stake in Caterpillar during the 3rd quarter worth about $8,893,000. ZEGA Investments LLC boosted its position in Caterpillar by 149.6% during the 3rd quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company’s stock worth $1,996,000 after acquiring an additional 2,508 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Caterpillar by 2.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company’s stock worth $79,053,000 after acquiring an additional 4,010 shares during the period. Finally, Juno Financial Group LLC acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $877,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research reports. Rothschild & Co Redburn lifted their price target on Caterpillar from $650.00 to $700.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Williams Trading set a $825.00 price target on Caterpillar in a report on Tuesday, March 10th. Sanford C. Bernstein lifted their price target on Caterpillar from $678.00 to $769.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Argus lifted their price target on Caterpillar from $625.00 to $820.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, CICC Research initiated coverage on Caterpillar in a report on Friday, February 6th. They set an “outperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $767.77.

Caterpillar Stock Performance

Shares of CAT stock traded up $76.10 during trading on Thursday, reaching $886.15. The company had a trading volume of 1,433,836 shares, compared to its average volume of 2,668,562. The firm’s 50 day simple moving average is $744.25 and its two-hundred day simple moving average is $653.39. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. Caterpillar Inc. has a one year low of $311.02 and a one year high of $888.38. The company has a market capitalization of $412.32 billion, a PE ratio of 47.16, a PEG ratio of 1.91 and a beta of 1.52.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.57 by $0.97. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.43 billion. During the same period last year, the business earned $4.25 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 22.89 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is presently 32.09%.

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of Caterpillar stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $720.11, for a total value of $16,314,812.16. Following the transaction, the insider directly owned 79,953 shares of the company’s stock, valued at $57,574,954.83. The trade was a 22.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Rodney Michael Shurman sold 2,278 shares of Caterpillar stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the transaction, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. This represents a 61.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 125,950 shares of company stock worth $88,577,390. 0.33% of the stock is currently owned by company insiders.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 results materially beat expectations — adjusted EPS and revenue topped Wall Street forecasts, driving the move higher. Read More.
• Positive Sentiment: Strong sales across construction and power segments, with construction‑industries sales notably up, underpin confidence in continued order strength and backlog. Read More.
• Positive Sentiment: Management returned capital aggressively in Q1 (~$5.7B in buybacks/dividends), supporting EPS and shareholder yield. Read More.
• Positive Sentiment: Power & energy growth catalyst — a framework agreement with PROPWR to supply up to 2.1 GW of generation assets expands Caterpillar’s addressable market in data centers and industrial power. Read More.
• Neutral Sentiment: Analysts were broadly positioned for a beat coming into the print; some brokerages have nudged FY estimates higher, reflecting the stronger quarter but also raising expectations. Read More.
• Neutral Sentiment: Market context: broader indices are reacting to big‑cap tech beats and commodity moves this morning — Caterpillar’s performance is helped by sector and market tailwinds. Read More.
• Negative Sentiment: Valuation and margin risks — some analysts caution that premium multiple and rising costs could limit upside if demand softens or margins compress. Investors should weigh the beat against a lofty valuation. Read More.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.