Keudell Morrison Wealth Management Takes $3.43 Million Position in Caterpillar Inc. $CAT

Keudell Morrison Wealth Management bought a new position in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,983 shares of the industrial products company’s stock, valued at approximately $3,427,000. Caterpillar makes up approximately 0.7% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Torren Management LLC acquired a new position in shares of Caterpillar during the fourth quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in shares of Caterpillar in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC boosted its position in Caterpillar by 47.4% during the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 18 shares during the last quarter. Noble Wealth Management PBC raised its holdings in Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. Finally, Sellwood Investment Partners LLC purchased a new position in Caterpillar in the 3rd quarter worth approximately $35,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CAT. Morgan Stanley set a $915.00 price target on Caterpillar and gave the company an “equal weight” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and issued a $1,103.00 target price on shares of Caterpillar in a research note on Monday, May 11th. Jefferies Financial Group lifted their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Argus upped their price objective on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Barclays raised their price objective on Caterpillar from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $923.14.

Caterpillar Stock Down 0.8%

NYSE:CAT opened at $865.86 on Friday. Caterpillar Inc. has a 52 week low of $336.24 and a 52 week high of $931.35. The stock’s fifty day moving average is $788.28 and its two-hundred day moving average is $689.51. The stock has a market capitalization of $398.81 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.63. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the business earned $4.25 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th were paid a $1.51 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being highlighted as a growing power-infrastructure play after a strategic framework agreement with ProPetro’s PROPWR unit to buy up to 2.1 gigawatts of incremental power-generation assets by 2031, reinforcing CAT’s role in electricity and backup-power equipment demand. Why Caterpillar (CAT) Is Becoming a Power Infrastructure Play Too
• Positive Sentiment: Jim Cramer called Caterpillar “integral to data center construction,” which supports the bullish view that CAT can benefit from the ongoing AI/data-center buildout and related infrastructure spending. Jim Cramer on Caterpillar: “It’s Integral to Data Center Construction”
• Positive Sentiment: Recent coverage of Caterpillar’s “Building Beyond” internship and new AI initiatives suggests the company is investing in next-generation technology and talent, which may help support longer-term sentiment. Caterpillar’s ‘Building Beyond’ internship showcases new AI
• Neutral Sentiment: Multiple roundup articles placing Caterpillar on lists of industrial, mining, and construction stocks suggest it remains a widely followed industrial name, but those mentions are not tied to a specific new catalyst. Industrial Stocks To Add to Your Watchlist – May 17th
• Neutral Sentiment: Broader “mooning stocks” and watchlist coverage may reflect strong momentum and proximity to highs, but it does not add a fresh fundamental update for CAT. 2 Mooning Stocks to Target This Week and 1 We Avoid
• Negative Sentiment: Deere’s earnings story included a stock decline despite a beat, reminding investors that industrial peers can sell off on margin or tariff-related concerns even when headline results are strong; this is a sector-level caution for Caterpillar rather than a CAT-specific problem. Deere Earnings Easily Beat, But There’s A Catch. The Stock Is Falling.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction on Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares in the company, valued at approximately $8,471,789.82. This trade represents a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider owned 46,041 shares in the company, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,551 shares of company stock worth $91,170,351 over the last three months. 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.