1,405 Caterpillar Inc. $CAT Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,784 shares of the industrial products company’s stock after selling 1,405 shares during the quarter. Caterpillar comprises 0.5% of Sigma Planning Corp’s investment portfolio, making the stock its 29th largest holding. Sigma Planning Corp’s holdings in Caterpillar were worth $19,192,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CAT. Revolve Wealth Partners LLC grew its position in Caterpillar by 4.3% during the third quarter. Revolve Wealth Partners LLC now owns 841 shares of the industrial products company’s stock worth $682,000 after buying an additional 35 shares in the last quarter. Wolff Financial Management LLC raised its holdings in Caterpillar by 2.0% in the 3rd quarter. Wolff Financial Management LLC now owns 4,528 shares of the industrial products company’s stock valued at $3,671,000 after acquiring an additional 88 shares in the last quarter. Brucke Financial Inc. lifted its position in shares of Caterpillar by 10.5% in the 3rd quarter. Brucke Financial Inc. now owns 2,786 shares of the industrial products company’s stock worth $2,259,000 after acquiring an additional 264 shares during the period. Bond & Devick Financial Network Inc. grew its holdings in shares of Caterpillar by 49.3% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 772 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 255 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of Caterpillar by 3.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 38,792 shares of the industrial products company’s stock worth $31,452,000 after purchasing an additional 1,423 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Caterpillar Trading Down 0.1%

Shares of Caterpillar stock opened at $686.52 on Monday. The stock has a market capitalization of $315.57 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.18 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 company has a 50-day simple moving average of $798.82 and a 200 day simple moving average of $856.60. Caterpillar Inc. has a 12-month low of $521.02 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $4.72 EPS. Research analysts expect that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s payout ratio is presently 28.06%.

Wall Street Analysts Forecast Growth

CAT has been the topic of a number of research reports. DA Davidson boosted their price objective on Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Truist Financial lowered their price target on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Oppenheimer dropped their price objective on shares of Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating for the company in a research note on Wednesday, October 14th. Finally, Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a research report on Thursday, September 10th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $967.83.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect Caterpillar to deliver year-over-year earnings growth in its upcoming third-quarter report. The company’s positive Earnings ESP and favorable estimate revisions suggest potential for an earnings beat, supported by manufacturing strength and demand for industrial equipment. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Technical and fundamental indicators are encouraging some investors to view the recent decline as a buying opportunity. A hammer chart pattern points to possible support, while upward earnings-estimate revisions could help drive a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Zacks lists Caterpillar among industrial companies with the potential to outperform third-quarter earnings expectations, reflecting continued confidence in the sector’s demand environment. Industrial Stocks Set to Outshine Q3 Earnings Estimates
• Neutral Sentiment: The key catalyst is Caterpillar’s forthcoming quarterly report. Investors will focus on whether earnings growth, revenue momentum and management’s outlook validate the optimistic estimates. The company’s previous quarter featured a substantial earnings and revenue beat, providing a supportive comparison.
• Negative Sentiment: The recent selloff has materially weakened CAT’s momentum and caused it to underperform the S&P 500, with much of the decline concentrated in only a few trading sessions. Continued investor caution, profit-taking or disappointment in the upcoming report could keep pressure on the shares. Caterpillar Just Dropped 10% in a Month

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

Caterpillar Company 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.