M&G PLC Has $5.23 Million Position in Caterpillar Inc. $CAT

M&G PLC decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 58.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,960 shares of the industrial products company’s stock after selling 15,653 shares during the period. M&G PLC’s holdings in Caterpillar were worth $5,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CAT. Norges Bank bought a new position in shares of Caterpillar in the second quarter worth about $2,165,899,000. Massachusetts Financial Services Co. MA boosted its position in Caterpillar by 1,851.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock valued at $873,382,000 after buying an additional 1,736,631 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Caterpillar by 425.2% during the second quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock worth $295,738,000 after buying an additional 616,739 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Caterpillar by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after buying an additional 609,023 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Caterpillar by 36.9% in the 3rd quarter. Voya Investment Management LLC now owns 1,777,589 shares of the industrial products company’s stock valued at $848,177,000 after acquiring an additional 478,972 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Trading Down 1.3%

CAT opened at $764.27 on Wednesday. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $789.81. The company has a fifty day moving average of $641.06 and a 200-day moving average of $546.70. The stock has a market cap of $357.66 billion, a PE ratio of 40.61, a price-to-earnings-growth ratio of 1.83 and a beta of 1.58. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business had revenue of $19.13 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm posted $5.14 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 annualized dividend and a yield of 0.8%. Caterpillar’s payout ratio is 32.09%.

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 7,891 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $776.90, for a total transaction of $6,130,517.90. Following the transaction, the insider owned 46,643 shares in the company, valued at approximately $36,236,946.70. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total value of $5,750,600.00. Following the completion of the sale, the chief financial officer owned 45,460 shares of the company’s stock, valued at approximately $26,142,227.60. This represents a 18.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 138,436 shares of company stock worth $94,425,251. Corporate insiders own 0.33% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being highlighted for providing power and infrastructure solutions to high‑tech data centers, a market with strong long‑term demand that could diversify revenue and support higher utilization of its power systems and electrification products. High-tech data centers get a powerful assist from a century-old company
• Neutral Sentiment: Zacks notes that Caterpillar is a trending stock and summarizes factors investors are watching; this reflects retail/institutional attention but doesn’t by itself change fundamentals. Here is What to Know Beyond Why Caterpillar Inc. (CAT) is a Trending Stock
• Neutral Sentiment: A personal‑finance roundup that lists long‑term dividend ideas may lift general investor interest in dividend payers, but it’s a broad theme piece and not a direct catalyst for CAT. 2 Dividend Stocks to Hold for the Next 10 Years
• Negative Sentiment: Insider Anthony D. Fassino sold 7,891 shares (~$6.13M at ~$776.90/share) and trimmed his position ~14.5%. Large insider sales can spook investors even if legally routine, adding selling pressure. SEC Filing – Insider Sale by Anthony D. Fassino
• Negative Sentiment: Zacks Research lowered Q2 EPS estimates for Caterpillar, signaling softer near‑term earnings expectations that can pressure the stock until guidance or results reverse the trend. Q2 EPS Estimates for Caterpillar Lowered by Zacks Research

Analyst Ratings Changes

CAT has been the topic of a number of research reports. Bank of America boosted their price objective on Caterpillar from $735.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Robert W. Baird set a $805.00 price target on Caterpillar in a report on Friday, January 30th. Royal Bank Of Canada upped their price objective on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a research note on Friday, January 30th. Rothschild & Co Redburn lifted their target price on shares of Caterpillar from $650.00 to $700.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, CICC Research started coverage on shares of Caterpillar in a research report on Friday, February 6th. They issued an “outperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus price target of $702.95.

About Caterpillar

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.