Gibson Capital LLC Sells 3,802 Shares of Caterpillar Inc. $CAT

Gibson Capital LLC reduced its position in Caterpillar Inc. (NYSE:CAT) by 92.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 315 shares of the industrial products company’s stock after selling 3,802 shares during the quarter. Gibson Capital LLC’s holdings in Caterpillar were worth $255,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CAT. Capital City Trust Co. FL increased its position in Caterpillar by 8.4% during the third quarter. Capital City Trust Co. FL now owns 660 shares of the industrial products company’s stock worth $535,000 after acquiring an additional 51 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in shares of Caterpillar by 5.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 27,787 shares of the industrial products company’s stock worth $22,529,000 after purchasing an additional 1,503 shares in the last quarter. Christensen King & Associates Investment Services Inc. boosted its stake in shares of Caterpillar by 8.0% in the 3rd quarter. Christensen King & Associates Investment Services Inc. now owns 378 shares of the industrial products company’s stock valued at $306,000 after purchasing an additional 28 shares during the last quarter. TSA Wealth Managment LLC grew its holdings in Caterpillar by 5.4% during the third quarter. TSA Wealth Managment LLC now owns 697 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 36 shares during the period. Finally, Inspire Investing LLC increased its position in shares of Caterpillar by 17.6% during the third quarter. Inspire Investing LLC now owns 79,445 shares of the industrial products company’s stock worth $64,413,000 after acquiring an additional 11,909 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target for the company in a report on Thursday, September 10th. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a report on Thursday, September 10th. Wall Street Zen upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, President Capital started coverage on Caterpillar in a report on Friday, September 18th. They set a “buy” rating and a $999.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $967.83.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated 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 owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $686.52 on Friday. Caterpillar Inc. has a twelve month low of $521.02 and a twelve month high of $1,073.46. The company has a 50 day moving average of $798.82 and a 200 day moving average of $855.65. The firm has a market cap of $315.57 billion, a P/E ratio of 29.54, a PEG ratio of 1.20 and a beta of 1.58. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share 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 firm had revenue of $20.54 billion for the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the firm earned $4.72 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a $1.63 dividend. 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 (DPR) is presently 28.06%.

Caterpillar 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.