Caterpillar Inc. $CAT Stock: Gen Wealth Partners Inc Cuts Holdings

Gen Wealth Partners Inc cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 21.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,242 shares of the industrial products company’s stock after selling 1,183 shares during the quarter. Caterpillar accounts for about 1.0% of Gen Wealth Partners Inc’s portfolio, making the stock its 19th largest holding. Gen Wealth Partners Inc’s holdings in Caterpillar were worth $3,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Decker Retirement Planning Inc. increased its stake in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares during the period. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Caterpillar during the second quarter valued at $36,000. PFS Partners LLC lifted its position in Caterpillar by 1,750.0% during the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 35 shares during the period. Finally, Tacita Capital Inc acquired a new position in Caterpillar during the second quarter valued at $47,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $598.35 on Tuesday. The company’s fifty day moving average price is $756.16 and its 200 day moving average price is $806.00. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The company has a market capitalization of $275.04 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.02 and a beta of 1.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter last year, the business earned $4.95 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. On average, research analysts predict that Caterpillar Inc. will post 27.39 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio is presently 25.58%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CAT. UBS Group cut their price target on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th. Weiss Ratings cut Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Robert W. Baird set a $970.00 price objective on Caterpillar in a report on Wednesday, August 5th. DA Davidson lowered their target price on Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Finally, Wall Street Zen lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $898.25.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic took over an order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights demand for power equipment from AI companies and could support Caterpillar’s generator business. Article: Caterpillar Stocks Jump 6.61% as Anthropic Takes Over $3.4 Billion Generator Order
• Positive Sentiment: Caterpillar and Phoenix Service Partners reported an ultra-low-methane emissions technology for large gas-compression systems. It may help customers meet environmental and permitting requirements, though the article does not quantify potential sales. Article: Why Is Caterpillar Pushing Ultra Low Methane Gas Compression?
• Neutral Sentiment: CAT’s rebound accompanied a strong Dow rally, suggesting broad-market strength contributed to the move. Technical analysis said the shares cleared several daily resistance levels but that the broader trend remained weak. Article: Dow’s nearly 700-point rally highlighted by gains for Amazon.com Inc., Caterpillar shares Article: Caterpillar stock support and resistance levels after 5.8% rebound
• Negative Sentiment: A recent report noted CAT had fallen about 10% in the prior week despite record quarterly sales and a $78 billion backlog, pointing to lingering concerns about the stock’s momentum. Article: Caterpillar Stock Sinks 10% in a Week Despite Record Backlog
• Negative Sentiment: Coverage of Michael Burry cashing in on Caterpillar put options after a reported fourfold gain highlights that bearish investors had profited from the stock’s recent weakness; it does not establish his current position. Article: Michael Burry Cashes In On Caterpillar Puts After 4X Gain

Insider Transactions at Caterpillar

In other Caterpillar news, Director C Jr bought 1,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were purchased at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director directly owned 4,714 shares of the company’s stock, valued at approximately $2,924,518.46. The trade was a 26.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value 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 represents a 48.39% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.33% of the stock is owned by company insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand.

Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.