Studio Investment Management LLC Sells 796 Shares of Caterpillar Inc. $CAT

Studio Investment Management LLC trimmed its position in Caterpillar Inc. (NYSE:CAT) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,330 shares of the industrial products company’s stock after selling 796 shares during the quarter. Caterpillar accounts for 1.1% of Studio Investment Management LLC’s holdings, making the stock its 21st largest holding. Studio Investment Management LLC’s holdings in Caterpillar were worth $5,918,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Integrity Alliance LLC. grew its stake in shares of Caterpillar by 33.3% during the fourth quarter. Integrity Alliance LLC. now owns 17,054 shares of the industrial products company’s stock worth $9,770,000 after buying an additional 4,264 shares during the last quarter. Integrity Advisory Solutions LLC grew its stake in shares of Caterpillar by 5.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 473 shares of the industrial products company’s stock worth $271,000 after buying an additional 26 shares during the last quarter. Bellwether Advisors LLC grew its stake in shares of Caterpillar by 42.9% during the fourth quarter. Bellwether Advisors LLC now owns 7,101 shares of the industrial products company’s stock worth $4,068,000 after buying an additional 2,133 shares during the last quarter. Arvest Bank Trust Division grew its stake in shares of Caterpillar by 15.1% during the fourth quarter. Arvest Bank Trust Division now owns 1,946 shares of the industrial products company’s stock worth $1,115,000 after buying an additional 255 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Caterpillar by 4.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,250 shares of the industrial products company’s stock worth $716,000 after buying an additional 51 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CAT. Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Wells Fargo & Company boosted their target price on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Bank of America boosted their target price on shares of Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Morgan Stanley set a $915.00 target price on shares of Caterpillar and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, Williams Trading set a $825.00 target price on shares of Caterpillar in a research note on Tuesday, March 10th. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $923.14.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $909.25 on Wednesday. The firm has a market cap of $418.79 billion, a PE ratio of 45.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. The firm’s fifty day moving average is $799.63 and its 200-day moving average is $696.43. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a 52 week low of $339.50 and a 52 week high of $931.35.

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

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th were issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, April 20th. Caterpillar’s payout ratio is 30.06%.

Insider Activity at Caterpillar

In other news, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction on Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the transaction, the insider owned 9,594 shares in the company, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares in the company, valued at approximately $48,631,913.85. The trade was a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 98,273 shares of company stock valued at $89,439,960 in the last quarter. Insiders own 0.33% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Market coverage noted that Caterpillar flashed a buy signal as the S&P 500, Nasdaq and Russell 2000 hit new highs, reflecting broad strength in industrial and AI-related names. Dow Jones Futures Rise After S&P 500, Nasdaq Hit Highs; 5 AI Stocks In Buy Areas
• Positive Sentiment: Investors are focusing on a “hidden AI revenue stream” in Caterpillar’s financials: about $10.2 billion in generator sales to data centers last year, which supports the idea that CAT benefits from AI buildout even though it is not a pure-play AI stock. A $10.2 Billion Hidden AI Revenue Stream Most Investors Are Missing
• Neutral Sentiment: Another article discussed Caterpillar in the context of the Iran war and whether it is a buy, sell or hold, but it did not add a clear new catalyst for the stock. Is Caterpillar a Buy, Sell, or Hold Amid the Iran War?
• Neutral Sentiment: Clinch Resources’ purchase of a Caterpillar highwall miner is a small equipment-order headline that may support sentiment around CAT’s mining product line, but it is not likely to move the stock on its own. Clinch Resources acquires first Caterpillar highwall miner for West Virginia met coal operation

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.