Mesirow Financial Investment Management Inc. Sells 8,970 Shares of Caterpillar Inc. $CAT

Mesirow Financial Investment Management Inc. lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 10.0% during the third quarter, HoldingsChannel.com reports. The fund owned 80,321 shares of the industrial products company’s stock after selling 8,970 shares during the period. Caterpillar accounts for 1.0% of Mesirow Financial Investment Management Inc.’s portfolio, making the stock its 23rd largest holding. Mesirow Financial Investment Management Inc.’s holdings in Caterpillar were worth $65,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CAT. Diversify Advisory Services LLC bought a new stake in Caterpillar in the second quarter valued at $5,372,000. D.B. Root & Company LLC acquired a new position in Caterpillar during the second quarter worth $850,000. Dearborn Partners LLC bought a new position in shares of Caterpillar during the second quarter valued at $20,293,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Caterpillar by 4.3% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock valued at $66,802,000 after acquiring an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC lifted its holdings in shares of Caterpillar by 85.3% during the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 1,293 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other Caterpillar news, Director C Jr purchased 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was 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 in the company, valued at $2,924,518.46. This represents a 26.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joseph E. Creed sold 32,401 shares of the business’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 transaction of $26,211,760.98. Following the sale, the chief executive officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.33% of the stock is currently owned by company insiders.

Caterpillar Trading Down 2.4%

CAT stock opened at $584.28 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. Caterpillar Inc. has a twelve month low of $537.08 and a twelve month high of $1,073.46. The company has a market cap of $267.36 billion, a P/E ratio of 22.92, a PEG ratio of 1.04 and a beta of 1.65. The business has a fifty day moving average of $751.89 and a 200-day moving average of $805.68.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.95 earnings per share. As a group, equities research analysts expect that Caterpillar Inc. will post 27.38 EPS for the current year.

Caterpillar Dividend Announcement

The firm 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 $1.63 dividend. 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 (DPR) is 25.58%.

Analyst Ratings Changes

Several equities research analysts have recently commented on CAT shares. President Capital initiated coverage on shares of Caterpillar in a research note on Friday, September 18th. They issued a “buy” rating and a $999.00 target price on the stock. Erste Group Bank lowered shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company decreased their price objective on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Freedom Broker dropped their price objective on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a report on Monday, November 2nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $898.25.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

About Caterpillar

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.