Byrne Asset Management LLC Grows Position in Caterpillar Inc. $CAT

Byrne Asset Management LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 19.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,121 shares of the industrial products company’s stock after purchasing an additional 681 shares during the quarter. Caterpillar accounts for about 1.7% of Byrne Asset Management LLC’s portfolio, making the stock its 9th largest holding. Byrne Asset Management LLC’s holdings in Caterpillar were worth $3,087,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CAT. Legacy Private Trust Co. boosted its stake in shares of Caterpillar by 1.8% in the third quarter. Legacy Private Trust Co. now owns 2,851 shares of the industrial products company’s stock valued at $2,312,000 after buying an additional 51 shares during the period. Olistico Wealth LLC lifted its position in shares of Caterpillar by 1.0% during the 3rd quarter. Olistico Wealth LLC now owns 1,962 shares of the industrial products company’s stock valued at $1,591,000 after acquiring an additional 20 shares during the period. Park National Corp OH grew its holdings in shares of Caterpillar by 5.1% during the 3rd quarter. Park National Corp OH now owns 40,449 shares of the industrial products company’s stock worth $32,796,000 after purchasing an additional 1,962 shares in the last quarter. Horizons Wealth Management acquired a new position in Caterpillar in the third quarter valued at about $202,000. Finally, Polaris Financial Partners bought a new stake in Caterpillar during the third quarter worth about $7,755,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CAT shares. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. DA Davidson lifted their price target on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Freedom Broker raised Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target for the company in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $989.17.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-related data-center construction is emerging as an additional growth driver for Caterpillar’s power-equipment business. Analysts view CAT as a potential fourth-quarter rebound candidate after lagging other AI infrastructure stocks in the third quarter, with demand, guidance and estimate revisions supporting the thesis. Buy Q3 AI Data Center Laggards CAT, GLW, JBL for a Rebound in Q4 Zacks AI Data Center Laggards Article
• Positive Sentiment: Steady factory orders, ongoing infrastructure investment and resilient construction and mining activity are cited as reasons CAT could continue to benefit despite inflation, tariffs and higher energy costs. Stocks to Boost Your Portfolio on Factory Orders
• Positive Sentiment: The latest quarterly results reinforce the fundamental story: revenue reached a record roughly $20.5 billion, up 23.7% year over year, while adjusted earnings of $8.17 per share exceeded expectations of $6.22. Caterpillar is a Great Business
• Neutral Sentiment: Several market roundups list CAT among construction and mining stocks worth monitoring, but provide limited new company-specific information. Promising Construction Stocks Promising Mining Stocks
• Negative Sentiment: One analysis argues that data-center tailwinds are real but already reflected in CAT’s share price. With a reported P/E ratio near 37, the valuation leaves less room for execution disappointments or slower industrial growth. Caterpillar Data Center Tailwinds and Valuation

Caterpillar Price Performance

Shares of NYSE:CAT traded up $17.13 during trading on Tuesday, hitting $865.27. 905,459 shares of the company were exchanged, compared to its average volume of 2,812,390. Caterpillar Inc. has a 1-year low of $483.55 and a 1-year high of $1,073.46. The company has a market capitalization of $397.74 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $821.77 and its 200-day moving average is $851.07.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the company posted $4.72 EPS. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 27.37 earnings per share for the current year.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.