Cooper Capital Advisors LLC Acquires 10,418 Shares of Caterpillar Inc. $CAT

Cooper Capital Advisors LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the third quarter, HoldingsChannel reports. The institutional investor acquired 10,418 shares of the industrial products company’s stock, valued at approximately $8,447,000. Caterpillar comprises about 3.4% of Cooper Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Wealth Group LLC Co. lifted its stake in shares of Caterpillar by 192.0% during the third quarter. Summit Wealth Group LLC Co. now owns 6,581 shares of the industrial products company’s stock valued at $5,336,000 after buying an additional 4,327 shares during the period. Landaas & Co. WI ADV boosted its position in Caterpillar by 10.0% during the third quarter. Landaas & Co. WI ADV now owns 1,769 shares of the industrial products company’s stock worth $1,434,000 after acquiring an additional 161 shares during the last quarter. TSG Advice Partners LLC purchased a new stake in Caterpillar in the 3rd quarter worth approximately $359,000. One Way Holdings LLC grew its stake in Caterpillar by 3.8% in the 3rd quarter. One Way Holdings LLC now owns 928 shares of the industrial products company’s stock worth $752,000 after acquiring an additional 34 shares during the period. Finally, Artesa Financial Group LLC purchased a new stake in Caterpillar in the 3rd quarter worth approximately $226,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Oppenheimer reiterated an “outperform” rating and issued a $1,009.00 price target on shares of Caterpillar in a report on Thursday. Royal Bank Of Canada lowered their price objective on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a research report on Friday. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group dropped their target price on Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a research note on Monday, October 26th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $749.00 target price on shares of Caterpillar in a research report on Wednesday, October 14th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $898.25.

Caterpillar Price Performance

Caterpillar stock opened at $612.78 on Tuesday. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a 50 day moving average price of $778.93 and a 200 day moving average price of $807.40. The company has a market cap of $281.68 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 1.22 and a beta of 1.58.

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

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is presently 25.58%.

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.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

About Caterpillar

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.