Heritage Investors Management Corp Sells 4,171 Shares of Caterpillar Inc. $CAT

Heritage Investors Management Corp decreased its position in Caterpillar Inc. (NYSE:CAT) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,396 shares of the industrial products company’s stock after selling 4,171 shares during the period. Caterpillar accounts for approximately 2.5% of Heritage Investors Management Corp’s investment portfolio, making the stock its 8th largest position. Heritage Investors Management Corp’s holdings in Caterpillar were worth $82,462,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacific Point Advisors LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth about $579,000. Brighton Jones LLC lifted its position in Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after buying an additional 2,519 shares during the last quarter. United Bank lifted its position in Caterpillar by 108.5% in the second quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after buying an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Caterpillar by 3.9% during the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after buying an additional 347 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Caterpillar by 6.5% during the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock valued at $222,120,000 after acquiring an additional 34,846 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Caterpillar stock opened at $965.44 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 52-week low of $388.09 and a 52-week high of $1,073.46. The firm has a market cap of $444.67 billion, a PE ratio of 48.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.57. The company’s 50 day moving average is $915.19 and its two-hundred day moving average is $767.65.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $16.53 billion. During the same quarter in the previous year, the firm posted $4.25 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 24.66 EPS for the current fiscal year.

Caterpillar Increases Dividend

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

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the transaction, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. The trade was a 22.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony D. Fassino sold 16,283 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the sale, the insider owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,773 shares of company stock worth $87,642,635 over the last quarter. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Oppenheimer set a $980.00 price objective on shares of Caterpillar and gave the stock an “outperform” rating in a report on Friday, May 1st. Daiwa Securities Group upped their price target on Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a report on Wednesday, June 17th. Finally, Truist Financial increased their target price on Caterpillar from $1,043.00 to $1,218.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $949.41.

More 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

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.