Concord Asset Management LLC VA Has $3.66 Million Stock Holdings in Caterpillar Inc. $CAT

Concord Asset Management LLC VA decreased its stake in Caterpillar Inc. (NYSE:CAT) by 20.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,670 shares of the industrial products company’s stock after selling 2,006 shares during the quarter. Concord Asset Management LLC VA’s holdings in Caterpillar were worth $3,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CAT. Axim Planning & Wealth increased its stake in shares of Caterpillar by 4.0% in the third quarter. Axim Planning & Wealth now owns 832 shares of the industrial products company’s stock worth $397,000 after acquiring an additional 32 shares during the last quarter. MMA Asset Management LLC acquired a new stake in Caterpillar during the third quarter valued at $210,000. Elyxium Wealth LLC grew its stake in Caterpillar by 1.0% in the third quarter. Elyxium Wealth LLC now owns 2,507 shares of the industrial products company’s stock valued at $1,196,000 after purchasing an additional 25 shares in the last quarter. Fortitude Advisory Group L.L.C. increased its position in Caterpillar by 24.6% in the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 876 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 173 shares during the last quarter. Finally, DDFG Inc acquired a new stake in shares of Caterpillar during the 3rd quarter valued at about $208,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q4 beat and revenue/backlog strength — CAT reported revenue and EPS above expectations and highlighted a record backlog that supports near‑term revenue visibility. Zacks: Post Q4 analysis
• Positive Sentiment: AI / data‑center tailwind — Coverage highlights growing demand for power and infrastructure tied to AI data‑center buildouts, which is a new revenue catalyst beyond traditional equipment cycles. Yahoo: AI data centers
• Positive Sentiment: Analyst upgrade & higher price target — HSBC raised its CAT target to $850 and maintained a buy rating, adding upward pressure to the stock. MarketScreener: HSBC PT raise
• Neutral Sentiment: Market momentum helped lift the name — CAT was one of the contributors to the Dow’s rally today, so some of the move is broad market/sector strength rather than company‑specific news. MSN: Dow soars
• Neutral Sentiment: Valuation debate — Multiple writeups note that CAT’s rerating has pushed valuation to a premium, framing risk/reward even as fundamentals improve. This shapes investor caution but doesn’t change the underlying backlog/earnings. MarketBeat: Valuation piece
• Negative Sentiment: Large insider selling — Several senior insiders disclosed multi‑million dollar stock sales (e.g., Denise C. Johnson, Bob De Lange), which can signal profit‑taking and may create short‑term selling pressure. InsiderTrades: Insider sales
• Negative Sentiment: Analyst caution on pace of growth — CFRA and others warn that while financials are strong, underlying growth may not be fast enough to justify some of the recent extreme share‑price moves; that comment tempers the rally. YouTube: CFRA caution

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Rothschild & Co Redburn increased their price objective on Caterpillar from $650.00 to $700.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup boosted their target price on shares of Caterpillar from $710.00 to $760.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Truist Financial increased their price target on shares of Caterpillar from $729.00 to $786.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Finally, Barclays increased their target price on shares of Caterpillar from $610.00 to $625.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Sixteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $690.90.

Caterpillar Price Performance

NYSE CAT opened at $726.38 on Friday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $727.40. The company has a fifty day simple moving average of $617.15 and a 200 day simple moving average of $528.99. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The company has a market cap of $339.93 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.61 and a beta of 1.58.

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

Caterpillar Dividend Announcement

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

Insider Transactions at Caterpillar

In other news, insider Anthony D. Fassino sold 10,671 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $680.45, for a total value of $7,261,081.95. Following the sale, the insider owned 41,151 shares in the company, valued at approximately $28,001,197.95. This trade represents a 20.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the transaction, the chief financial officer directly owned 45,460 shares in the company, valued at $26,142,227.60. This trade represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 120,747 shares of company stock worth $78,324,008. Insiders own 0.33% of the company’s stock.

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.