Caterpillar Inc. $CAT Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 315,208 shares of the industrial products company’s stock after selling 44,320 shares during the period. The Manufacturers Life Insurance Company’s holdings in Caterpillar were worth $223,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lam Group Inc. acquired a new position in Caterpillar during the first quarter worth $26,000. Torren Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth $27,000. Frazier Financial Advisors LLC raised its holdings in shares of Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 33 shares during the period. Cedar Mountain Advisors LLC boosted its position in shares of Caterpillar by 82.1% during the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 23 shares during the last quarter. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Caterpillar during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s stock has approximately doubled over the past year. Investors have been encouraged by strong operating momentum and expectations that demand from data-center construction and related infrastructure spending could support future equipment sales. Caterpillar Stock Is Up 100% in a Year
• Positive Sentiment: The company’s most recent earnings report provided a fundamental backdrop for the rally: Caterpillar exceeded analysts’ quarterly earnings and revenue estimates, while revenue increased 22.2% year over year. This suggests strong demand and operating leverage, although investors may now require continued earnings growth to justify the elevated share price.
• Neutral Sentiment: Caterpillar has become a highly watched or “trending” stock on Zacks, increasing visibility among investors. However, heightened attention can contribute to greater trading volatility and does not itself change the company’s earnings outlook. Caterpillar Is a Trending Stock
• Negative Sentiment: Erste Group Bank AG downgraded Caterpillar from “buy” to “hold.” The change likely reflects caution after the substantial run-up, with investors potentially reassessing risk-reward prospects at a historically high valuation. Finviz Caterpillar Listing
• Negative Sentiment: Investor Michael Burry’s reported short position in Caterpillar benefited during the July pullback, highlighting the presence of bearish positioning. The stock’s roughly 100% annual gain, elevated price-to-earnings ratio and recent decline make profit-taking and volatility risks more significant. Michael Burry’s Short Bets on Caterpillar

Caterpillar Stock Down 1.7%

Shares of NYSE:CAT opened at $873.54 on Tuesday. The firm has a 50 day simple moving average of $929.10 and a 200-day simple moving average of $807.20. Caterpillar Inc. has a twelve month low of $405.46 and a twelve month high of $1,073.46. 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 company has a market capitalization of $402.34 billion, a PE ratio of 43.48, a P/E/G ratio of 1.74 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm had revenue of $17.41 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period last year, the business earned $4.25 EPS. Caterpillar’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio (DPR) is 32.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Caterpillar from $1,165.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Friday, June 26th. Wall Street Zen upgraded Caterpillar from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Caterpillar in a research note on Friday, May 8th. Citigroup lifted their target price on Caterpillar from $1,020.00 to $1,100.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Erste Group Bank lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday. Fourteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $980.57.

Insider Activity at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the sale, the insider owned 86,029 shares in the company, valued at approximately $79,397,884.68. The trade was a 21.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denise C. Johnson sold 12,605 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at approximately $45,236,615.75. This trade represents a 20.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,773 shares of company stock valued at $87,642,635 over the last 90 days. 0.33% of the stock is owned by insiders.

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.