Caterpillar Inc. $CAT is Turtle Creek Wealth Advisors LLC’s 7th Largest Position

Turtle Creek Wealth Advisors LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,847 shares of the industrial products company’s stock after acquiring an additional 810 shares during the quarter. Caterpillar comprises about 1.8% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 7th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Caterpillar were worth $23,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Advisory Resource Group increased its position in Caterpillar by 0.8% during the fourth quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company’s stock worth $935,000 after purchasing an additional 13 shares during the last quarter. Sunbeam Capital Management LLC boosted its holdings in shares of Caterpillar by 1.1% in the 1st quarter. Sunbeam Capital Management LLC now owns 1,164 shares of the industrial products company’s stock valued at $825,000 after purchasing an additional 13 shares during the last quarter. Brandywine Oak Private Wealth LLC boosted its holdings in shares of Caterpillar by 2.6% in the 1st quarter. Brandywine Oak Private Wealth LLC now owns 506 shares of the industrial products company’s stock valued at $358,000 after purchasing an additional 13 shares during the last quarter. Sylvest Advisors LLC grew its stake in shares of Caterpillar by 3.6% during the 1st quarter. Sylvest Advisors LLC now owns 377 shares of the industrial products company’s stock valued at $267,000 after buying an additional 13 shares during the period. Finally, Invst LLC increased its holdings in shares of Caterpillar by 1.9% during the 4th quarter. Invst LLC now owns 753 shares of the industrial products company’s stock worth $431,000 after buying an additional 14 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caterpillar

In related news, insider Lange Bob De sold 24,222 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares in the company, valued at $79,397,884.68. This trade represents a 21.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO William E. Schaupp sold 360 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $906.00, for a total transaction of $326,160.00. Following the sale, the chief accounting officer owned 530 shares of the company’s stock, valued at approximately $480,180. The trade was a 40.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 95,773 shares of company stock valued at $87,642,635 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $965.44 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. Caterpillar Inc. has a 1-year low of $388.09 and a 1-year high of $1,073.46. The company has a market capitalization of $444.67 billion, a price-to-earnings ratio of 48.06, a PEG ratio of 1.96 and a beta of 1.57. The business has a 50-day moving average of $915.19 and a 200-day moving average of $767.65.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.41 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same period last year, the business earned $4.25 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that Caterpillar Inc. will post 24.66 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. Caterpillar’s payout ratio is 30.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Truist raised its price target on Caterpillar to $1,218 from $1,043 and kept a Buy rating, signaling confidence in further upside from current levels. Benzinga coverage of Truist rating update
• Positive Sentiment: Multiple research updates highlighted stronger earnings expectations, including Zacks lifting Q2 2028 estimates and reaffirming a Strong Buy view, which supports the stock’s long-term outlook. Zacks analyst coverage
• Positive Sentiment: Caterpillar announced an investment in Texas manufacturing workforce development, which could help address labor shortages and support future production capacity. PR Newswire article
• Neutral Sentiment: Several market commentary pieces pointed out that CAT remains a blue-chip industrial favorite, with strong backlog, Q1 growth, and inclusion in the Russell Top 50 Index supporting its recent run. Yahoo Finance article
• Negative Sentiment: Michael Burry disclosed a first-ever short position in Caterpillar, arguing the stock has become too expensive after a big AI-driven move, which is pressuring sentiment around CAT. Yahoo Finance article
• Negative Sentiment: Additional reports echoed Burry’s bearish bet and questioned whether Caterpillar’s valuation has outrun fundamentals, reinforcing downside pressure on the shares. IBTimes article

Analysts Set New Price Targets

A number of brokerages recently weighed in on CAT. Robert W. Baird lifted their target price on Caterpillar from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Caterpillar in a research note on Friday, May 8th. Citigroup raised their price objective on Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Sanford C. Bernstein lifted their price objective on Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a research note on Friday, May 1st. Finally, Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the stock an “outperform” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $949.41.

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.