Caterpillar Inc. $CAT Stock Holdings Lifted by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT) by 7,096.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,281 shares of the industrial products company’s stock after buying an additional 46,624 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Caterpillar were worth $27,086,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CAT. Pacific Point Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth about $579,000. Brighton Jones LLC lifted its position in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after buying an additional 2,519 shares during the last quarter. United Bank lifted its position in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock worth $1,585,000 after buying an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Caterpillar by 3.9% in the 2nd 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 last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Caterpillar by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after buying an additional 34,846 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
• Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
• Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
• Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. DA Davidson increased their price objective on shares of Caterpillar from $650.00 to $845.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Daiwa Securities Group increased their price objective on shares of Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Truist Financial set a $1,043.00 price objective on shares of Caterpillar in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $923.14.

Caterpillar Stock Up 1.6%

Caterpillar stock opened at $880.23 on Friday. The stock has a market cap of $405.42 billion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.71 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average price is $791.73 and its two-hundred day moving average price is $690.84. Caterpillar Inc. has a 52 week low of $336.24 and a 52 week high of $931.35.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the company earned $4.25 EPS. On average, analysts expect that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were paid a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Insider Activity

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider owned 49,825 shares of the company’s stock, valued at approximately $45,236,615.75. This trade represents a 20.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 100,551 shares of company stock worth $91,170,351 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

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.