3,787 Shares of Caterpillar Inc. $CAT Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,787 shares of the industrial products company’s stock, valued at approximately $3,070,000.

Other large investors have also made changes to their positions in the company. Diversify Advisory Services LLC bought a new position in Caterpillar during the second quarter worth about $5,372,000. D.B. Root & Company LLC acquired a new stake in Caterpillar during the second quarter valued at approximately $850,000. Dearborn Partners LLC acquired a new stake in Caterpillar during the second quarter valued at approximately $20,293,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Caterpillar by 4.3% in the 2nd 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 purchasing an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in shares of Caterpillar by 85.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after purchasing an additional 1,293 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Key Caterpillar News

Here’s some of the latest news about CAT:

• Positive Sentiment: A reported $3.4 billion Anthropic generator deal highlights potential demand for Caterpillar’s power-generation equipment as AI data centers expand. Recent coverage also cited record third-quarter revenue and guidance for full-year sales growth in the mid-to-high teens. Read More.
• Positive Sentiment: Caterpillar appeared on a list of stocks insiders are buying after the market sell-off, a signal some investors may view as confidence in the company after its decline. Read More.
• Negative Sentiment: Valuation-focused commentary questions whether Caterpillar’s long-term share gains have outpaced the cash flows supporting them, which could limit upside if earnings expectations or investor appetite weaken. Read More.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their target price on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a report on Friday, October 30th. Royal Bank Of Canada decreased their price target on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a research note on Friday, October 30th. JPMorgan Chase & Co. dropped their price objective on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Barclays lifted their price objective on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, DA Davidson cut their price objective on Caterpillar from $882.00 to $685.00 and set a “neutral” rating for the company in a report on Monday, November 2nd. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $898.25.

Caterpillar Stock Performance

NYSE CAT opened at $601.75 on Thursday. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46. The company has a 50 day moving average of $748.35 and a 200-day moving average of $805.55. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The firm has a market cap of $275.36 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.01 and a beta of 1.65.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. Caterpillar’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.95 EPS. On average, equities analysts forecast that Caterpillar Inc. will post 27.38 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 yield of 1.1%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is currently 25.58%.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, Director C Jr acquired 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director owned 4,714 shares in the company, valued at $2,924,518.46. This trade represents a 26.93% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.33% of the company’s stock.

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.