Caterpillar Inc. $CAT Position Cut by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in Caterpillar Inc. (NYSE:CAT) by 11.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,374 shares of the industrial products company’s stock after selling 4,000 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Caterpillar were worth $26,248,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CAT. Decker Retirement Planning Inc. increased its stake in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 22 shares during the period. Matrix Trust Co boosted its position in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after buying an additional 15 shares during the period. Axiom Investment Management LLC acquired a new position in shares of Caterpillar during the second quarter worth approximately $36,000. Lam Group Inc. bought a new position in Caterpillar in the 1st quarter worth approximately $26,000. Finally, Tacita Capital Inc bought a new position in Caterpillar in the 2nd quarter worth approximately $47,000. 70.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on CAT shares. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Truist Financial lowered their price target on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. DA Davidson upped their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada increased their target price on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $967.83.

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar 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 transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

CAT traded down $1.03 during trading on Tuesday, reaching $724.76. The stock had a trading volume of 1,172,417 shares, compared to its average volume of 2,816,895. The stock has a 50 day moving average of $810.02 and a two-hundred day moving average of $856.81. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $333.15 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58. Caterpillar Inc. has a 1-year low of $510.21 and a 1-year high of $1,073.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period last year, the firm earned $4.72 EPS. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.49 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 0.9%. Caterpillar’s dividend payout ratio is currently 28.06%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wall Street analysts generally view Caterpillar as a potentially attractive investment, providing supportive sentiment for CAT. However, the article notes that analyst recommendations should be considered alongside valuation and fundamentals rather than treated as a stand-alone buy signal. Wall Street Analysts Think Caterpillar Is a Good Investment
• Positive Sentiment: Caterpillar is investing $10 million to expand its workforce and manufacturing presence in North Carolina. The move could support production capacity, local operations, and longer-term demand fulfillment, although the near-term earnings benefit is likely limited. Caterpillar Expands North Carolina Manufacturing Workforce Investment
• Neutral Sentiment: A Zacks comparison examines how Caterpillar has performed year to date against W.W. Grainger and other industrial-products companies. The report provides useful relative-performance context but does not identify a new company-specific catalyst. Is Caterpillar Stock Outpacing Its Industrial Products Peers This Year?
• Neutral Sentiment: Articles listing mining stocks to follow or consider adding to a watchlist mention the broader mining-investment theme, but they do not provide a material new update on Caterpillar’s orders, earnings, or outlook. Mining Stocks to Follow Today Promising Mining Stocks to Add to Your Watchlist

Caterpillar Company Profile

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.