Doliver Advisors LP Buys 2,573 Shares of Caterpillar Inc. $CAT

Doliver Advisors LP raised its position in Caterpillar Inc. (NYSE:CAT) by 141.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,391 shares of the industrial products company’s stock after purchasing an additional 2,573 shares during the quarter. Caterpillar accounts for about 0.8% of Doliver Advisors LP’s holdings, making the stock its 21st biggest holding. Doliver Advisors LP’s holdings in Caterpillar were worth $3,560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CAT. BlackRock Inc. acquired a new position in shares of Caterpillar during the second quarter worth $40,457,153,000. State Street Corp boosted its stake in Caterpillar by 4.0% during the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after acquiring an additional 1,396,356 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Caterpillar during the second quarter valued at approximately $5,818,150,000. Diamant Asset Management Inc. raised its holdings in shares of Caterpillar by 68,427.2% in the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Caterpillar by 2.3% during the 4th quarter. Invesco Ltd. now owns 3,031,666 shares of the industrial products company’s stock valued at $1,736,750,000 after acquiring an additional 68,770 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CAT shares. Wall Street Zen cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, September 26th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Zacks Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. President Capital started coverage on shares of Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 price target on the stock. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $994.38.

Caterpillar Price Performance

Shares of NYSE CAT traded up $15.89 during mid-day trading on Thursday, reaching $826.68. 2,117,371 shares of the company were exchanged, compared to its average volume of 2,827,563. Caterpillar Inc. has a 52 week low of $483.55 and a 52 week high of $1,073.46. The company’s 50 day moving average price is $824.50 and its 200 day moving average price is $848.10. The stock has a market capitalization of $380.00 billion, a PE ratio of 35.57, a PEG ratio of 1.43 and a beta of 1.60. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the business earned $4.72 earnings per share. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 27.37 earnings per share for the current fiscal year.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: $1 billion North Carolina investment: Caterpillar plans to build a new Sanford manufacturing facility to increase production of compact track loaders and telehandlers. The project is expected to create more than 1,950 jobs and benefits from approximately $85 million in local incentives, supporting long-term capacity and revenue growth. Caterpillar to Invest $1 Billion in North Carolina
• Positive Sentiment: Exposure to a growing equipment segment: The expansion advances Caterpillar’s Cat Compact strategy and should help the company serve demand from residential construction, infrastructure and other job sites more quickly. Investors may view the commitment as evidence that management expects durable demand for smaller construction machines. Caterpillar’s Compact Equipment Investment
• Positive Sentiment: Broader growth initiatives: Caterpillar has agreed to acquire the Fabick Cat dealership, expanding its distribution footprint across several states. The move could improve customer access, aftermarket services and control of the dealer channel, while the company continues investing in mining technology, autonomy and AI-enabled equipment. Caterpillar North Carolina Expansion and Fabick Acquisition
• Neutral Sentiment: Execution and valuation remain considerations: The factory and dealership acquisition require significant capital and could pressure near-term returns before generating benefits. CAT’s strong recent performance, including earnings and revenue that exceeded expectations, has also lifted valuation, leaving the stock more sensitive to project execution, construction demand and future cash-flow growth.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated 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 transaction, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

About Caterpillar

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.