Palmer Knight Co Sells 2,162 Shares of Caterpillar Inc. $CAT

Palmer Knight Co reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 14.6% in the fourth quarter, Holdings Channel reports. The firm owned 12,625 shares of the industrial products company’s stock after selling 2,162 shares during the period. Caterpillar comprises approximately 3.8% of Palmer Knight Co’s holdings, making the stock its 14th biggest position. Palmer Knight Co’s holdings in Caterpillar were worth $7,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacific Point Advisors LLC bought a new position in Caterpillar in the 4th quarter worth about $579,000. Brighton Jones LLC grew its holdings in shares of 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 purchasing an additional 2,519 shares in the last quarter. United Bank increased its position in shares of Caterpillar by 108.5% in the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock worth $1,585,000 after purchasing an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. lifted 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 valued at $3,551,000 after purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after buying an additional 34,846 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and bullish outlook: Caterpillar reported stronger‑than‑expected revenue and EPS with rising backlog, which underpins management’s constructive outlook and is the primary fundamental driver of recent buying. Should You Buy, Sell or Hold Caterpillar Stock Post Q1 Earnings?
• Positive Sentiment: Analyst upgrade / price target lift: Argus raised its price target to $990 and kept a buy rating, giving fresh sell‑side support that helps justify higher multiples. Argus adjusts price target on Caterpillar to $990
• Positive Sentiment: AI / data‑center narrative: Multiple outlets are highlighting incremental demand from data centers and hyperscalers (power systems, generators), which has re‑rated CAT beyond a pure cyclical industrial and attracted momentum flows. Industrial-Strength Rally: Why Caterpillar Is Up 53%…
• Positive Sentiment: Commercial wins and product diversification: Carmeuse selected CAT’s autonomous hauling for a quarry deployment and Cat’s electric power gear is getting commercial spotlight—these validate new revenue streams beyond equipment sales. Carmeuse selects Caterpillar’s autonomous hauling solution
• Positive Sentiment: Director buy: Director David Maclennan bought 250 shares (SEC filing), a modest insider purchase that signals continued insider confidence. SEC filing: Director purchase
• Neutral Sentiment: Mixed analyst posture: DA Davidson raised its price target but kept a neutral rating, indicating some analysts see limited incremental near‑term upside from stretched levels. DA Davidson adjusts price target on Caterpillar to $845
• Neutral Sentiment: Options and media attention: Elevated options activity and heavy coverage (trending articles, screens) increase short‑term volatility and retail/institutional interest but aren’t fundamental catalysts by themselves. Do Options Traders Know Something About Caterpillar Stock?
• Negative Sentiment: Insider sale: An insider (Jason Kaiser) sold ~5,642 shares (~$5M), reducing his stake materially—some investors may read this as a cautionary signal amid the rally. SEC filing: Insider sale

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the transaction, the insider owned 79,953 shares of the company’s stock, valued at $57,574,954.83. This represents a 22.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the completion of the sale, the insider owned 46,643 shares in the company, valued at approximately $36,236,946.70. This represents a 14.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,736 shares of company stock worth $37,401,255 over the last 90 days. 0.33% of the stock is owned by insiders.

Caterpillar Stock Up 3.4%

Shares of Caterpillar stock opened at $904.60 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a 52-week low of $318.11 and a 52-week high of $908.90. The company’s 50 day moving average price is $749.76 and its 200-day moving average price is $659.59. The stock has a market capitalization of $416.65 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 1.80 and a beta of 1.63.

Caterpillar (NYSE:CAT) last announced its quarterly 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 business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.25 EPS. Equities research analysts forecast that Caterpillar Inc. will post 23.68 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Analysts Set New Price Targets

Several analysts have recently weighed in on CAT shares. Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday. Argus increased their target price on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein upped their price objective on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Robert W. Baird raised their price objective on Caterpillar from $940.00 to $1,165.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group upped their target price on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $878.91.

Caterpillar Profile

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.