OP Asset Management Ltd Makes New $58.06 Million Investment in Caterpillar Inc. $CAT

OP Asset Management Ltd purchased a new stake in Caterpillar Inc. (NYSE:CAT) during the 1st quarter, Holdings Channel reports. The firm purchased 81,960 shares of the industrial products company’s stock, valued at approximately $58,065,000. Caterpillar accounts for about 0.6% of OP Asset Management Ltd’s holdings, making the stock its 29th largest position.

Other hedge funds have also modified their holdings of the company. Torren Management LLC acquired a new stake in Caterpillar during the 4th quarter valued at $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Caterpillar by 220.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 33 shares during the last quarter. IFS Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $31,000. Cornerstone Financial Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter valued at $32,000. Finally, Rialto Wealth Management LLC increased its position in Caterpillar by 47.4% during 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 in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Up 0.9%

CAT opened at $992.95 on Thursday. Caterpillar Inc. has a 12 month low of $369.51 and a 12 month high of $1,023.29. The business has a 50-day moving average of $887.68 and a two-hundred day moving average of $750.22. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The stock has a market capitalization of $457.34 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.41 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period in the prior year, the firm posted $4.25 EPS. The company’s revenue was up 22.2% on a year-over-year basis. On average, research analysts expect that Caterpillar Inc. will post 24.64 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s payout ratio is 30.06%.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 5,642 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the transaction, the insider directly owned 9,594 shares of the company’s stock, valued at approximately $8,471,789.82. This trade represents a 37.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total value of $14,399,860.54. Following the sale, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,773 shares of company stock worth $87,642,635 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. Citigroup boosted their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. HSBC boosted their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. DA Davidson upped their price objective on shares of Caterpillar from $650.00 to $845.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group lifted their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $939.86.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted as a beneficiary of the AI buildout after reports that it will supply engines and turbines for a major Chevron/Microsoft AI data center project, reinforcing demand for its power generation equipment. Caterpillar (CAT) Lands Key Role In Chevron Microsoft AI Data Center Build
• Positive Sentiment: Analysts remain constructive, with Wells Fargo reportedly raising its price recommendation, while other coverage pointed to Caterpillar as a blue-chip dividend name and a stock worth holding amid the industrial rally. Top 5 Blue Chip Stocks with Growing Dividends
• Positive Sentiment: Recent analysis emphasized Caterpillar’s record $63 billion backlog, up 79% year over year, which improves revenue visibility and supports expectations for continued sales growth. CAT’s Record Backlog: A Sign of Sustained Demand Strength?
• Neutral Sentiment: Several recent articles compared Caterpillar with other heavy machinery and industrial stocks, but these pieces were largely contextual rather than new catalysts. Unpacking Q1 Earnings: Caterpillar (NYSE:CAT) In The Context Of Other Heavy Machinery Stocks
• Neutral Sentiment: Coverage noting CAT’s strong one-year run and high valuation suggests investors are also weighing whether much of the good news is already priced in. Caterpillar (CAT) Stock Near $984 After Big Rally Is There Still Upside Potential
• Positive Sentiment: Reports that Caterpillar and partners are advancing battery-electric haul truck testing add to the long-term innovation story in mining and equipment electrification. BHP, Rio Tinto and Caterpillar advance battery-electric haul truck testing

About Caterpillar

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.