Stoneridge Investment Partners LLC Acquires New Holdings in Caterpillar Inc. $CAT

Stoneridge Investment Partners LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 808 shares of the industrial products company’s stock, valued at approximately $658,000.

Other large investors have also recently bought and sold shares of the company. Axxcess Wealth Management LLC boosted its stake in Caterpillar by 2.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company’s stock valued at $12,844,000 after purchasing an additional 604 shares in the last quarter. DSG Capital Advisors LLC acquired a new stake in shares of Caterpillar in the first quarter valued at $1,226,000. Cornerstone Planning LLC bought a new position in Caterpillar during the fourth quarter valued at about $4,517,000. RiverFront Investment Group LLC grew its holdings in Caterpillar by 21.1% during the fourth quarter. RiverFront Investment Group LLC now owns 8,915 shares of the industrial products company’s stock worth $5,107,000 after acquiring an additional 1,552 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Caterpillar by 73.6% in the 4th quarter. Larson Financial Group LLC now owns 12,915 shares of the industrial products company’s stock valued at $7,399,000 after acquiring an additional 5,476 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Performance

Shares of CAT stock opened at $817.99 on Friday. The company has a market capitalization of $376.01 billion, a price-to-earnings ratio of 35.20, a P/E/G ratio of 1.44 and a beta of 1.60. Caterpillar Inc. has a 1-year low of $410.52 and a 1-year high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock’s fifty day simple moving average is $897.67 and its 200-day simple moving average is $837.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the business earned $4.72 EPS. The business’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, sell-side analysts predict that Caterpillar Inc. will post 27.14 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a dividend of $1.63 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, July 20th. Caterpillar’s dividend payout ratio is 28.06%.

Wall Street Analyst Weigh In

CAT has been the topic of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. HSBC upped their target price on Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Barclays lifted their price target on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. DA Davidson upped their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $995.52.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts point to solid earnings-estimate revisions and price momentum as reasons Caterpillar could continue higher. The company’s latest quarter also featured sharply higher revenue and earnings that exceeded consensus estimates, supporting the bullish case. Why Caterpillar Might Be Well Poised for a Surge
• Positive Sentiment: Caterpillar received approval in principle for a MaK dual-fuel conversion, potentially supporting its marine business and longer-term demand for lower-emission power solutions. Caterpillar Receives Approval for MaK Dual-Fuel Conversion
• Positive Sentiment: New-product exposure, including the TUL100 mini skid steer, and planned investment in an Indiana plant indicate continued attention to product development and manufacturing capacity. The company is also expanding its global headquarters, with filings showing project costs exceeding $50 million. Caterpillar Planning Indiana Plant Investment
• Neutral Sentiment: CEO Joe Creed is scheduled to participate in a Wells Fargo investor discussion on September 10. Commentary on demand trends, margins and the company’s outlook could provide a future catalyst, but no new financial guidance was announced. Caterpillar CEO to Participate in Wells Fargo Investor Discussion
• Neutral Sentiment: A multi-year sponsorship agreement with the University of Illinois raises Caterpillar’s brand visibility but is unlikely to materially affect near-term earnings. Caterpillar Illinois Sponsorship Agreement
• Negative Sentiment: At roughly 35 times earnings, Caterpillar’s valuation leaves less room for disappointment. Commentary also highlights the risk of an industrial slowdown, while a covered-call strategy article underscores investor concern about waiting through weaker conditions. Two Reasons to Like CAT and One to Stay Skeptical
• Negative Sentiment: A reported worker injury at Caterpillar’s Mapleton facility is a localized operational and reputational risk, although the available report does not indicate a broader business disruption. Worker Injured at Caterpillar Mapleton Facility

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.