2,361 Shares in Caterpillar Inc. $CAT Acquired by Elevate Wealth Advisory Inc.

Elevate Wealth Advisory Inc. acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 2,361 shares of the industrial products company’s stock, valued at approximately $1,914,000. Caterpillar makes up about 1.0% of Elevate Wealth Advisory Inc.’s investment portfolio, making the stock its 23rd biggest position.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Caterpillar in the second quarter valued at about $40,457,153,000. State Street Corp increased its position in Caterpillar by 4.0% during 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 purchased a new position in Caterpillar during the second quarter worth about $5,818,150,000. Bank of New York Mellon Corp acquired a new position in Caterpillar in the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc acquired a new position in Caterpillar in the 2nd quarter valued at about $2,783,451,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar completed its acquisition of John Fabick Tractor Company, a more-than-century-old Cat dealer serving Missouri, Illinois, Wisconsin and Michigan’s Upper Peninsula. The transaction should expand Caterpillar’s regional distribution and strengthen parts, maintenance and equipment support, although financial terms were not disclosed. Caterpillar Inc. Acquires Fabick Cat Dealership
• Positive Sentiment: The company continues to benefit from strong demand: its third-quarter backlog reached a record $78 billion, while power-generation sales to users rose 75%, supported by data-center demand. One global bank reportedly sees substantial upside after the stock’s steep six-month decline. Caterpillar: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Freedom Broker lowered its price target to $800 from $980 but retained a Buy rating, implying considerable potential upside based on the current quotation. Truist also reiterated its Buy rating, providing some support for the long-term outlook. Freedom Broker Caterpillar Rating
• Negative Sentiment: DA Davidson cut its target to $685 from $882 and maintained a Neutral rating, arguing that Caterpillar trades at roughly a 50% premium to peers despite accelerating demand across its three segments. The sharp target reduction is putting the stock’s valuation premium under scrutiny. CAT Stock Gets Price Target Cuts
• Negative Sentiment: Additional target reductions from RBC, Citigroup, JPMorgan and Morgan Stanley are reinforcing concerns about Caterpillar’s elevated valuation and near-term risk, offsetting the company’s strong backlog and end-market demand.

Insiders Place Their Bets

In other 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 value of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares of the company’s stock, 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 is accessible through this link. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $1,027.00 price target (down from $1,100.00) on shares of Caterpillar in a research report on Friday. Citigroup lowered their price objective on Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research report on Friday. Freedom Broker cut their target price on Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research downgraded Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Robert W. Baird set a $970.00 price target on Caterpillar in a research note on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Price Performance

Caterpillar stock opened at $612.78 on Tuesday. The firm has a market cap of $281.68 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.22 and a beta of 1.58. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The company’s 50 day moving average is $778.93 and its two-hundred day moving average is $807.40.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping the consensus estimate of $7.06 by $0.14. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. During the same quarter in the prior year, the business earned $4.95 EPS. Caterpillar’s revenue was up 17.3% on a year-over-year basis. On average, research analysts expect that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.1%. Caterpillar’s payout ratio is 25.58%.

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.