Hardy Reed LLC Makes New Investment in Caterpillar Inc. $CAT

Hardy Reed LLC bought a new position in shares of Caterpillar Inc. (NYSE:CAT) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,378 shares of the industrial products company’s stock, valued at approximately $4,662,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CAT. Stonebridge Financial Group LLC lifted its holdings in shares of Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock valued at $1,741,000 after purchasing an additional 11 shares during the last quarter. Inspirion Wealth Advisors LLC increased its holdings in Caterpillar by 1.2% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock worth $936,000 after buying an additional 11 shares during the period. Bell Bank raised its holdings in shares of Caterpillar by 0.6% during the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock worth $1,986,000 after purchasing an additional 11 shares during the last quarter. Cornerstone Advisory LLC lifted its position in Caterpillar by 0.7% during the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock valued at $1,288,000 after purchasing an additional 12 shares during the period. Finally, Advisory Resource Group boosted its stake in shares of Caterpillar by 0.8% in the fourth quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock worth $935,000 after buying an additional 13 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Up 1.4%

Shares of NYSE:CAT opened at $822.44 on Thursday. The firm has a market capitalization of $378.05 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60. The business has a 50 day simple moving average of $901.07 and a two-hundred day simple moving average of $836.76. Caterpillar Inc. has a 1 year low of $410.52 and a 1 year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $4.72 EPS. On average, equities analysts predict that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, July 20th. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar’s payout ratio is currently 28.06%.

Analyst Ratings Changes

Several research firms recently commented on CAT. Bank of America raised their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a research report on Friday, May 1st. HSBC lifted their target price on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. UBS Group boosted their price objective on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn raised their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Daiwa Securities Group lifted their target price on Caterpillar from $790.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $995.52.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar plans to invest approximately $890 million in its Indiana facility, supporting longer-term production capacity, regional employment and potential demand for its equipment. Caterpillar planning $890M investment in Indiana plant
• Positive Sentiment: Recent analysis highlights a substantial increase in Caterpillar’s order volume and a record backlog, suggesting future revenue visibility even though reported revenue has faced pressure. This supports the bullish case for CAT’s cyclical recovery. Before The Surge, Caterpillar Stock’s Order Book Told a Different Story
• Positive Sentiment: Analysts favor CAT over Deere in the heavy-equipment sector, citing Caterpillar’s record sales, backlog and earnings growth. Another investment article lists CAT as a way to gain exposure to infrastructure spending and broader capital investment. Caterpillar vs. Deere
• Positive Sentiment: Valuation commentary argues CAT could be undervalued by roughly 20% if its margin and cash-flow strength, backlog and upgraded outlook are sustained. The Gates Foundation Trust’s reported ownership also provides a notable institutional-ownership signal. Caterpillar Could Be 20% Undervalued
• Neutral Sentiment: A covered-call strategy is presented as a way to generate potentially 12% annualized income while waiting through a slowdown, though selling calls would cap upside if CAT rallies sharply. Can CAT Stock Yield 12% Annualized Income?
• Neutral Sentiment: Caterpillar is beginning renovations at office space in Irving, Texas. The move is operationally relevant but unlikely to materially change near-term earnings expectations. Caterpillar set to begin renovation of Irving office space
• Negative Sentiment: A worker injury at Caterpillar’s Mapleton facility introduces potential safety, regulatory and operational concerns, although the available report provides limited details on the incident. Worker injured at Caterpillar Mapleton facility
• Negative Sentiment: CAT’s premium valuation leaves less room for disappointment, while Michael Burry’s disclosed short position and discussion of a possible slowdown may add volatility. Separate analysis sees only about 4% upside from tariff-refund developments, suggesting limited near-term valuation support. Caterpillar Stock May Be 4% Undervalued

Caterpillar Profile

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.