Caterpillar Inc. $CAT Shares Newly Purchased by Asset Advisory Group Inc.

Asset Advisory Group Inc. acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,026 shares of the industrial products company’s stock, valued at approximately $1,642,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lam Group Inc. purchased a new position in Caterpillar in the 1st quarter worth approximately $26,000. Decker Retirement Planning Inc. grew its position in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares in the last quarter. Matrix Trust Co boosted its stake in Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Cedar Mountain Advisors LLC increased its position in shares of Caterpillar by 82.1% in the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 23 shares during the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in shares of Caterpillar in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: North Carolina investment supports long-term growth: Caterpillar is investing $10 million and expanding its manufacturing workforce in North Carolina. The spending could strengthen production capacity, support local operations, and reinforce the company’s domestic manufacturing footprint, although the financial effect is likely modest in the near term. Caterpillar expands North Carolina manufacturing workforce investment
• Neutral Sentiment: Analyst sentiment is being reviewed: A Zacks article examines whether Wall Street analysts view Caterpillar as a good investment and explains the influence of sell-side recommendations. The report appears to provide rating and consensus context rather than announce a clearly identified new upgrade or downgrade, limiting its immediate impact on CAT. Wall Street Analysts Think Caterpillar Is a Good Investment: Is It?
• Neutral Sentiment: Peer-performance comparison offers limited new information: Zacks compares CAT’s year-to-date performance with W.W. Grainger and the broader industrial-products sector. The article may influence investor perceptions of relative strength, but the supplied headline does not identify a specific outperforming or underperforming result. Is Caterpillar Stock Outpacing Its Industrial Products Peers This Year?
• Neutral Sentiment: Mining-stock watchlists provide sector visibility: Caterpillar is mentioned in articles identifying mining stocks to follow or watch. These lists may highlight exposure to mining-equipment demand, but they do not represent a new contract, earnings estimate change, or company announcement. Mining Stocks To Follow Today

Caterpillar Stock Down 0.4%

Shares of CAT stock traded down $3.08 on Tuesday, reaching $722.72. 1,090,171 shares of the company’s stock traded hands, compared to its average volume of 2,816,061. The company has a market capitalization of $332.21 billion, a P/E ratio of 31.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. Caterpillar Inc. has a 12-month low of $510.21 and a 12-month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The business’s 50 day moving average price is $810.02 and its two-hundred day moving average price is $856.81.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $4.72 EPS. On average, equities analysts forecast that Caterpillar Inc. will post 27.49 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 28.06%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have recently commented on CAT. Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 target price for the company in a research report on Thursday, September 10th. Royal Bank Of Canada boosted their price target on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. UBS Group upped their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. DA Davidson increased their price objective on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a report on Thursday, September 10th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $967.83.

Caterpillar Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.