Traynor Capital Management Inc. Buys 1,017 Shares of Caterpillar Inc. $CAT

Traynor Capital Management Inc. boosted its position in Caterpillar Inc. (NYSE:CAT) by 4.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,147 shares of the industrial products company’s stock after purchasing an additional 1,017 shares during the quarter. Caterpillar makes up approximately 0.8% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Traynor Capital Management Inc.’s holdings in Caterpillar were worth $17,957,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Caterpillar in the second quarter valued at approximately $40,457,153,000. State Street Corp grew its holdings in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after purchasing an additional 1,396,356 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Caterpillar during the second quarter worth $5,818,150,000. Bank of New York Mellon Corp acquired a new position in shares of Caterpillar during the second quarter worth $3,192,710,000. Finally, Legal & General Group Plc purchased a new stake in shares of Caterpillar during the 2nd quarter valued at $2,783,451,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Down 0.0%

NYSE CAT opened at $622.73 on Monday. The company has a fifty day simple moving average of $783.25 and a two-hundred day simple moving average of $807.52. The stock has a market cap of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.07 and a beta of 1.65. Caterpillar Inc. has a 12-month low of $537.08 and a 12-month high of $1,073.46. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 earnings per share. On average, analysts forecast that Caterpillar Inc. will post 27.75 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s payout ratio is presently 25.58%.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price objective on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target for the company in a research note on Thursday, September 10th. Oppenheimer reiterated an “outperform” rating and issued a $1,009.00 price target on shares of Caterpillar in a research note on Thursday. Finally, Barclays raised their price target on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $913.96.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s third-quarter revenue increased 17.3% year over year to $20.68 billion, while adjusted earnings of $7.20 per share exceeded consensus by $0.14. The results reinforce the company’s earnings momentum. CAT Q3 deep dive: capacity expansion and backlog growth shape outlook amid market caution
• Positive Sentiment: Third-quarter order backlog reached a record $78 billion, extending delivery timelines well into the next decade. Power-generation sales to end users rose 75%, helped by demand from data centers, supporting Caterpillar’s longer-term growth outlook. Caterpillar: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Truist reiterated a “Buy” rating. A separate global-bank analysis argued that the market may be overlooking Caterpillar’s backlog and secular data-center power demand, with substantial upside possible if execution remains strong. Caterpillar Crashed By 25% Over 6 Months But This Global Banking Giant Says 85% Gains Will Come
• Neutral Sentiment: Truist reduced its price target to $1,027 from $1,100 while retaining its Buy rating. The lower target reflects greater caution but still implies significant potential appreciation from recent trading levels. Could Caterpillar Actually Climb 65% After Its Earnings Slide? Or Is Truist Totally Wrong?
• Negative Sentiment: Royal Bank of Canada and Citigroup trimmed their Caterpillar price targets, adding to investor concerns that valuation, cyclical demand and execution risks may limit near-term gains. RBC price target reduction Citi price target trim
• Negative Sentiment: Morgan Stanley and JPMorgan issued pessimistic forecasts, while an analyst downgrade recently sent CAT shares lower. The cluster of cautious calls is likely weighing on the stock despite the earnings beat. Morgan Stanley forecast JPMorgan forecast

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.