Bull Harbor Capital LLC Purchases Shares of 1,171 Caterpillar Inc. $CAT

Bull Harbor Capital LLC purchased a new position in shares of Caterpillar Inc. (NYSE:CAT) in the first quarter, according to its most recent filing with the SEC. The firm purchased 1,171 shares of the industrial products company’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CAT. Pacific Point Advisors LLC acquired a new stake in Caterpillar in the fourth quarter worth $579,000. Brighton Jones LLC raised its holdings in shares of Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the period. United Bank raised its holdings in shares of Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after purchasing an additional 2,125 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after purchasing an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after buying an additional 34,846 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Trading Up 3.2%

NYSE CAT opened at $807.88 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The business has a fifty day simple moving average of $925.74 and a 200 day simple moving average of $811.49. Caterpillar Inc. has a 12 month low of $405.46 and a 12 month high of $1,073.46. The firm has a market capitalization of $372.10 billion, a P/E ratio of 40.21, a PEG ratio of 1.53 and a beta of 1.57.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) 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 firm had revenue of $17.41 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the prior year, the business posted $4.25 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. Caterpillar’s dividend payout ratio (DPR) is 32.45%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus upped their price target on Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Sanford C. Bernstein upped their target price on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Bank of America lifted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. Finally, HSBC lifted their price objective on shares of Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Thirteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $966.29.

Insider Activity

In other news, insider Jason Kaiser sold 5,642 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the sale, the insider directly owned 9,594 shares of the company’s stock, valued at $8,471,789.82. This trade represents a 37.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider owned 86,029 shares in the company, valued at $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 95,773 shares of company stock worth $87,642,635. Corporate insiders own 0.33% of the company’s stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar announced up to $10 million for workforce development in Illinois, part of its broader five-year, $100 million Building the Future Workforce Initiative. The investment is intended to address manufacturing and technician shortages, supporting long-term operating capacity and regional growth. Caterpillar Invests in the Future of Manufacturing Talent in Illinois
• Positive Sentiment: Several investment articles remain bullish, arguing that Caterpillar’s recent decline could create an attractive entry point for long-term investors ahead of earnings. The company has also benefited from strong demand, with its latest reported quarter showing revenue growth and earnings above analyst expectations. Here’s Why Caterpillar Is a Buy Before Earnings
• Neutral Sentiment: Wall Street is focused on Caterpillar’s second-quarter results, including key operating metrics such as sales, margins and segment performance. The earnings release could determine whether the recent demand strength offsets concerns about valuation and end-market risks. Unlocking Q2 Potential of Caterpillar
• Negative Sentiment: Robert W. Baird downgraded CAT from Outperform to Neutral and reduced its price target to $900 from $1,200. Analyst Mig Dobre cited growing backlash and uncertainty surrounding the data-center construction boom, which had helped drive enthusiasm for Caterpillar’s power-generation products. Baird Just Downgraded Caterpillar Stock
• Negative Sentiment: The downgrade intensified concerns that Caterpillar trades at a historically elevated valuation and could be vulnerable if AI-related infrastructure spending slows. Commentary also noted bearish positioning, including Michael Burry’s reported negative view of the stock.

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.