Connors Investor Services Inc. Has $14.58 Million Position in Caterpillar Inc. $CAT

Connors Investor Services Inc. reduced its stake in Caterpillar Inc. (NYSE:CAT) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 25,458 shares of the industrial products company’s stock after selling 2,239 shares during the period. Connors Investor Services Inc.’s holdings in Caterpillar were worth $14,578,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $27,000. IFS Advisors LLC acquired a new stake in Caterpillar in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC lifted its holdings in Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 18 shares during the last quarter. Noble Wealth Management PBC lifted its holdings in Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 35 shares during the last quarter. Finally, Burkett Financial Services LLC lifted its holdings in Caterpillar by 82.9% in the 3rd quarter. Burkett Financial Services LLC now owns 75 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

CAT opened at $880.23 on Friday. The stock has a market cap of $405.42 billion, a PE ratio of 43.81, a P/E/G ratio of 1.74 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 1 year low of $336.24 and a 1 year high of $931.35. The stock’s 50 day simple moving average is $791.73 and its 200-day simple moving average is $690.84.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. During the same period in the prior year, the business posted $4.25 earnings per share. The business’s revenue was up 22.2% compared to the same quarter last year. Sell-side analysts forecast that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s dividend payout ratio is 30.06%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CAT shares. Oppenheimer set a $980.00 target price on Caterpillar and gave the stock an “outperform” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their target price on Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group lifted their price target on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Truist Financial set a $1,043.00 price target on Caterpillar in a research report on Friday, May 1st. Finally, Williams Trading set a $825.00 price target on Caterpillar in a research report on Tuesday, March 10th. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $923.14.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares in the company, valued at approximately $48,631,913.85. This represents a 22.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 100,551 shares of company stock valued at $91,170,351. 0.33% of the stock is owned by insiders.

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.