Williamson Legacy Group LLC Makes New Investment in Caterpillar Inc. $CAT

Williamson Legacy Group LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,005 shares of the industrial products company’s stock, valued at approximately $576,000.

A number of other large investors also recently added to or reduced their stakes in CAT. Pacific Point Advisors LLC acquired a new position in Caterpillar during the fourth quarter worth $579,000. Brighton Jones LLC raised its position in Caterpillar by 51.5% during the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after acquiring an additional 2,519 shares during the period. United Bank raised its position in Caterpillar by 108.5% during the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock worth $1,585,000 after acquiring an additional 2,125 shares during the period. Schnieders Capital Management LLC. raised its position in Caterpillar by 3.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after acquiring an additional 347 shares during the period. Finally, Alliancebernstein L.P. raised its position in Caterpillar by 6.5% during the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after acquiring an additional 34,846 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted as flashing a buy signal in market commentary as major indexes pushed to new highs, suggesting technical strength and continued investor demand for the stock. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: A bullish piece argued Caterpillar has a sizable “hidden AI” revenue stream, citing about $10.2 billion in generator sales tied to data centers, which could reinforce the market’s growth narrative for CAT. A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Positive Sentiment: Another article framed Caterpillar as a potential beneficiary of increased industrial and construction spending, keeping the stock in focus among momentum-oriented investors. Best Construction Stocks To Follow Today – May 23rd
• Positive Sentiment: Caterpillar was also included in an industrial-stocks watchlist, which can add to positive sentiment when sector rotation favors cyclicals and heavy equipment makers. Industrial Stocks To Watch Now – May 25th
• Neutral Sentiment: A Reuters-style market roundup noted Caterpillar among names flashing buy signals, but the article’s main focus was on the broader rally and Micron’s surge rather than any new Caterpillar-specific catalyst. Dow Jones Futures: S&P 500, Nasdaq Hit Highs As Micron Tops $1 Trillion; 5 AI Stocks In Buy Areas
• Neutral Sentiment: Clinch Resources announced it bought a Caterpillar highwall miner for its West Virginia coal operation, which is supportive of equipment demand but appears to be a small, single-customer development. Clinch Resources acquires first Caterpillar highwall miner for West Virginia met coal operation
• Neutral Sentiment: One article discussed Caterpillar in the context of the Iran war and its rebound, but it did not introduce a new fundamental driver for the stock. Is Caterpillar a Buy, Sell, or Hold Amid the Iran War?

Caterpillar Trading Up 3.3%

Shares of CAT opened at $909.25 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $418.79 billion, a P/E ratio of 45.26, a P/E/G ratio of 1.74 and a beta of 1.63. The firm has a 50-day moving average price of $799.63 and a 200 day moving average price of $696.43. Caterpillar Inc. has a 12-month low of $339.50 and a 12-month high of $931.35.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.25 EPS. Sell-side analysts forecast that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s payout ratio is presently 30.06%.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the transaction, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jason Kaiser sold 5,642 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the transaction, the insider owned 9,594 shares in the company, valued at $8,471,789.82. The trade was a 37.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 98,273 shares of company stock worth $89,439,960 over the last ninety days. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wolfe Research increased their target price on shares of Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the company an “outperform” rating in a research report on Friday, May 1st. Truist Financial set a $1,043.00 target price on shares of Caterpillar in a research report on Friday, May 1st. Finally, Evercore reiterated an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research report on Monday, May 11th. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $923.14.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off?highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.