Viking Fund Management LLC Buys 1,000 Shares of Caterpillar Inc. $CAT

Viking Fund Management LLC lifted its stake in Caterpillar Inc. (NYSE:CAT) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Viking Fund Management LLC’s holdings in Caterpillar were worth $4,054,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Caterpillar in the second quarter worth about $40,457,153,000. State Street Corp boosted its position in Caterpillar by 4.0% during the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $5,818,150,000. Bank of New York Mellon Corp purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar during the 2nd quarter worth approximately $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 3.3%

Shares of NYSE:CAT opened at $747.18 on Thursday. The stock has a fifty day simple moving average of $816.99 and a two-hundred day simple moving average of $855.96. The stock has a market capitalization of $343.46 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.33 and a beta of 1.58. Caterpillar Inc. has a 12-month low of $510.21 and a 12-month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the company posted $4.72 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, research analysts anticipate that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given 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 currently 28.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CAT. Wall Street Zen upgraded Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Citigroup dropped their price target on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company upped their price target on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. Robert W. Baird set a $970.00 price objective on Caterpillar in a report on Wednesday, August 5th. Finally, Freedom Broker raised Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective for the company in a research report on Thursday, September 10th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $967.83.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Oppenheimer lowered its Caterpillar price target from $1,118 to $1,009 but maintained an “outperform” rating. The new target implies substantial potential upside from recent levels, suggesting the analyst still sees attractive long-term value after the pullback. Benzinga analyst price target report
• Positive Sentiment: Caterpillar’s board maintained its quarterly dividend at $1.63 per share, payable November 19 to shareholders of record October 19. The annualized dividend is $6.52 per share, or approximately a 0.9% yield, reinforcing the company’s long record of returning cash to shareholders. Caterpillar maintains dividend
• Neutral Sentiment: Caterpillar is attracting elevated investor attention, while comparisons with Deere and Timken focus on relative valuation, cyclical exposure and the outlook for industrial demand. These reports may increase trading interest but do not represent new company-specific operating developments. Caterpillar investor attention report
• Negative Sentiment: Shares contributed to declines in the Dow as investors continued selling AI- and data-center-related beneficiaries amid inflation concerns. Caterpillar has fallen roughly 30% from its record high, reflecting a sharp reassessment of the premium investors had assigned to its data-center power opportunity. Caterpillar AI selloff and inflation concerns
• Negative Sentiment: Analysts have reduced expectations: Erste Group cut its fiscal 2027 EPS forecast to $32.14 from $32.28 and kept a “hold” rating, while Citi and Truist reportedly lowered their price targets. Investors are also questioning whether Caterpillar’s elevated earnings multiple can be sustained if data-center-related demand moderates. Caterpillar analyst target cuts

Caterpillar Company Profile

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.