First Nebraska Trust Co Acquires 1,360 Shares of Caterpillar Inc. $CAT

First Nebraska Trust Co acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the third quarter, Holdings Channel reports. The firm acquired 1,360 shares of the industrial products company’s stock, valued at approximately $1,103,000.

Several other large investors have also bought and sold shares of the stock. Decker Retirement Planning Inc. grew its position in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co raised its position 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 acquiring an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar during the second quarter worth about $36,000. PFS Partners LLC lifted its stake in shares of Caterpillar by 1,750.0% in the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 35 shares during the period. Finally, Tacita Capital Inc acquired a new position in shares of Caterpillar in the second quarter worth approximately $47,000. 70.98% of the stock is owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is expanding engine and turbine production to meet data-center demand, a growth opportunity for its power-generation business. The company also reported a record $78 billion backlog and strong quarterly growth, although margin pressure remains a concern. Article: Caterpillar expands production of engines and turbines to meet data center demand
• Positive Sentiment: Director James Fish bought 1,000 shares for about $620,000, increasing his holdings by roughly 27%. The insider purchase may signal confidence in Caterpillar’s prospects. Article: Caterpillar director share purchase
• Positive Sentiment: Freedom Capital Markets maintained a Buy rating after lowering its price target to $800 from $980, still indicating substantial potential upside from the price cited in the report. Article: Freedom Capital Markets price target
• Neutral Sentiment: Caterpillar completed its acquisition of long-time dealer John Fabick Tractor Company, adding its Missouri, Illinois, Wisconsin and Michigan Upper Peninsula operations to the company’s dealer network. The deal may strengthen regional customer support, though its near-term financial impact is unclear. Article: Caterpillar acquires Fabick Cat dealership
• Negative Sentiment: DA Davidson cut its price target to $685 from $882 and kept a Neutral rating, citing valuation concerns despite improving demand. The debate over whether Caterpillar’s premium valuation and margin pressures are justified could weigh on sentiment. Article: Caterpillar target cut and margin concerns

Insider Buying and Selling

In related news, Director James C. Fish, Jr. bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph Creed sold 32,401 shares of the business’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 transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. UBS Group lowered their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Royal Bank Of Canada dropped their price target on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a research report on Friday, October 30th. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research note on Thursday, September 10th. Finally, Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $898.25.

Caterpillar Stock Up 1.6%

Shares of NYSE:CAT opened at $623.53 on Wednesday. The company has a market capitalization of $286.62 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 1.05 and a beta of 1.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The business’s 50-day moving average is $775.16 and its 200-day moving average is $807.33. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its 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 return on equity of 59.87% and a net margin of 15.21%. The company had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter in the prior year, the company earned $4.95 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts predict that Caterpillar Inc. will post 27.62 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is presently 25.58%.

Caterpillar Company 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.