Atalanta Sosnoff Capital LLC Invests $74.73 Million in Caterpillar Inc. $CAT

Atalanta Sosnoff Capital LLC bought a new stake in Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,450 shares of the industrial products company’s stock, valued at approximately $74,731,000. Caterpillar makes up approximately 1.5% of Atalanta Sosnoff Capital LLC’s portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Summit Financial LLC grew its position in Caterpillar by 1.7% in the 4th quarter. Summit Financial LLC now owns 12,934 shares of the industrial products company’s stock valued at $7,410,000 after buying an additional 220 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Caterpillar by 0.9% during the 4th quarter. Quadrant Capital Group LLC now owns 13,361 shares of the industrial products company’s stock worth $7,654,000 after buying an additional 118 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Caterpillar by 31.1% in the 4th quarter. Advisors Asset Management Inc. now owns 9,501 shares of the industrial products company’s stock valued at $5,443,000 after purchasing an additional 2,252 shares during the last quarter. CI Investments Inc. raised its stake in Caterpillar by 321.5% in the 4th quarter. CI Investments Inc. now owns 10,892 shares of the industrial products company’s stock valued at $6,240,000 after purchasing an additional 8,308 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its stake in Caterpillar by 2.6% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 9,049 shares of the industrial products company’s stock valued at $5,184,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of CAT stock opened at $910.78 on Friday. The stock has a 50 day moving average of $851.85 and a two-hundred day moving average of $726.64. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 12 month low of $355.70 and a 12 month high of $946.83. The company has a market capitalization of $419.50 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.77 and a beta of 1.59.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter last year, the company earned $4.25 EPS. The company’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 24.69 EPS for the current year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a $1.63 dividend. The ex-dividend date is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is 30.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CAT shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. Wells Fargo & Company upped their target price on Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. upped their price target on Caterpillar from $860.00 to $1,125.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Daiwa Securities Group upped their price objective on Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Zacks Research raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $933.27.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the firm’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 value of $14,928,254.40. Following the completion of the sale, the insider owned 46,041 shares in the company, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 24,222 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 86,029 shares of the company’s stock, valued at $79,397,884.68. This represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar raised its quarterly dividend by 8% to $1.63 per share, extending its dividend-growth streak to 32 consecutive years and signaling confidence in cash generation and future returns to shareholders.
• Positive Sentiment: Analysts at Erste Group lifted FY2026 and FY2027 earnings estimates for Caterpillar, reflecting expectations for stronger profitability ahead.
• Positive Sentiment: Caterpillar was highlighted on Zacks’ “best momentum stocks” list, which can reinforce bullish trader interest and momentum buying.
• Positive Sentiment: Recent bullish commentary pointed to strong Q1 results, including 22% revenue growth and a backlog of $62.7 billion, suggesting healthy demand across Caterpillar’s core markets.
• Neutral Sentiment: Caterpillar and Austal announced a global value agreement, but the available details do not clearly indicate a material near-term financial impact for CAT. Austal and Caterpillar in Global Value Agreement
• Negative Sentiment: Some market commentary warned that Caterpillar’s recent run-up leaves the stock vulnerable to a reversal on valuation concerns after a sharp move higher.
• Negative Sentiment: The stock also recently pulled back from its year-to-date high, with technical traders citing a possible double-top pattern, which may be limiting near-term upside.

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.