1,962 Caterpillar Inc. $CAT Shares Purchased by Park National Corp OH

Park National Corp OH lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,449 shares of the industrial products company’s stock after purchasing an additional 1,962 shares during the period. Park National Corp OH’s holdings in Caterpillar were worth $32,796,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Stonebridge Financial Group LLC lifted its position 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 buying an additional 11 shares during the last quarter. Inspirion Wealth Advisors LLC raised its stake in Caterpillar by 1.2% in the 2nd quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock valued at $936,000 after acquiring an additional 11 shares during the period. Bell Bank lifted its holdings in Caterpillar by 0.6% during the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock valued at $1,986,000 after purchasing an additional 11 shares during the last quarter. Cornerstone Advisory LLC increased its stake in shares of Caterpillar by 0.7% in the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock worth $1,288,000 after purchasing an additional 12 shares in the last quarter. Finally, Advisory Resource Group raised its position 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 valued at $935,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock traded up $9.07 during trading on Monday, hitting $854.49. The company had a trading volume of 954,297 shares, compared to its average volume of 2,815,418. Caterpillar Inc. has a 52 week low of $483.55 and a 52 week high of $1,073.46. The stock has a market capitalization of $392.78 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. 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 stock’s 50-day moving average is $822.30 and its two-hundred day moving average is $850.06.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the firm earned $4.72 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, analysts predict that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI data-center opportunity: CAT is identified as a potential fourth-quarter rebound candidate after lagging other AI infrastructure-related stocks in the third quarter. Demand for data-center power equipment, along with favorable guidance and analyst estimate revisions, could support future results. Buy Q3 AI Data Center Laggards CAT, GLW, JBL for a Rebound in Q4
• Positive Sentiment: Industrial and infrastructure demand remain supportive: CAT is included among stocks that could benefit from steady factory orders, construction activity, mining demand and infrastructure spending. The company’s power systems may also gain from the rapid expansion of data centers. 4 Stocks to Boost Your Portfolio on Steady Growth in Factory Orders
• Positive Sentiment: Strong recent operating performance: Caterpillar’s latest reported quarter included record revenue of approximately $20.5 billion, 23.7% year-over-year growth and earnings of $8.17 per share, well above the $6.22 consensus estimate. Local leaders also highlighted the company’s planned $1 billion investment in Sanford, signaling continued expansion. Caterpillar is a Great Business. But is CAT Stock a Great Buy?

Analysts Set New Price Targets

CAT has been the subject of several analyst reports. President Capital began coverage on shares of Caterpillar in a report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective for the company. Needham & Company LLC set a $980.00 price target on Caterpillar in a report on Thursday, September 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $1,002.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. DA Davidson lifted their target price on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $989.17.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.