Clear Trail Advisors LLC Sells 1,334 Shares of Caterpillar Inc. $CAT

Clear Trail Advisors LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 15.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,110 shares of the industrial products company’s stock after selling 1,334 shares during the quarter. Clear Trail Advisors LLC’s holdings in Caterpillar were worth $5,037,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pacific Point Advisors LLC bought a new stake in Caterpillar during the 4th quarter valued at $579,000. Brighton Jones LLC increased its stake in shares of Caterpillar by 51.5% during 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 period. United Bank raised its holdings in shares of 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 acquiring an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after acquiring an additional 347 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Caterpillar by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after acquiring an additional 34,846 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is benefiting from news that Chevron will supply power to a major Microsoft data center using natural gas turbines from Caterpillar and GE Vernova, highlighting CAT’s role in the booming AI infrastructure and power-generation market.
• Positive Sentiment: The stock has extended its winning streak for seven consecutive sessions, with traders pointing to a record run and strong technical momentum as a reason for continued buying.
• Positive Sentiment: Analysts and market commentary are increasingly bullish on Caterpillar’s long-term outlook, citing its high-quality business profile, strong earnings backdrop, and recent dividend increase of 8% to $1.63 per share.
• Neutral Sentiment: Several recent articles simply note that Caterpillar is drawing heavy investor attention and screening well in “top stock” and “high quality” lists, which supports interest but does not add a new fundamental catalyst.
• Neutral Sentiment: Market commentary also notes that Caterpillar’s share price has climbed above the $1,000 level, underscoring momentum, but this is more a milestone than a new driver.
• Negative Sentiment: One valuation-focused note says Caterpillar may be overvalued after its recent rally, which could temper enthusiasm if investors start worrying about the stock’s stretched multiple.

Analysts Set New Price Targets

A number of research analysts have commented on CAT shares. Daiwa Securities Group raised their target price on shares of Caterpillar from $790.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. UBS Group reiterated a “neutral” rating and set a $900.00 price objective on shares of Caterpillar in a research note on Tuesday, June 2nd. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Oppenheimer set a $980.00 target price on Caterpillar and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Sanford C. Bernstein lifted their price target on Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $935.09.

Caterpillar Trading Up 3.5%

Shares of NYSE:CAT opened at $1,020.36 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The firm has a market capitalization of $469.97 billion, a P/E ratio of 50.79, a P/E/G ratio of 1.95 and a beta of 1.59. The business’s 50-day moving average is $879.72 and its 200 day moving average is $744.67. Caterpillar Inc. has a 1 year low of $357.73 and a 1 year high of $1,023.29.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.25 earnings per share. On average, research analysts predict that Caterpillar Inc. will post 24.64 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be issued a $1.63 dividend. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, July 20th. Caterpillar’s dividend payout ratio is 30.06%.

Insider Activity

In other news, CAO William E. Schaupp sold 360 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total value of $326,160.00. Following the transaction, the chief accounting officer directly owned 530 shares of the company’s stock, valued at approximately $480,180. This represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the sale, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. This trade represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 95,773 shares of company stock valued at $87,642,635. 0.33% of the stock is 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.