Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Caterpillar Inc. NYSE: CAT. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Caterpillar stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
Caterpillar Price Performance
CAT traded up $3.65 during trading on Wednesday, hitting $334.22. The company's stock had a trading volume of 436,809 shares, compared to its average volume of 2,531,559. The firm's 50 day moving average price is $352.51 and its two-hundred day moving average price is $372.33. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $159.74 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. Caterpillar Inc. has a 12 month low of $307.05 and a 12 month high of $418.50.
Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $5.14 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.17. Caterpillar had a net margin of 16.65% and a return on equity of 58.18%. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Caterpillar news, insider Jason Kaiser sold 2,425 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $354.70, for a total value of $860,147.50. Following the completion of the transaction, the insider now owns 6,275 shares in the company, valued at approximately $2,225,742.50. This represents a 27.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $380.09, for a total transaction of $3,800,900.00. Following the transaction, the chief financial officer now directly owns 45,182 shares of the company's stock, valued at $17,173,226.38. This represents a 18.12 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company's stock.
Hedge Funds Weigh In On Caterpillar
A number of hedge funds have recently modified their holdings of CAT. MassMutual Private Wealth & Trust FSB grew its position in Caterpillar by 1.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 57,517 shares of the industrial products company's stock valued at $18,969,000 after purchasing an additional 642 shares during the period. Fire Capital Management LLC purchased a new stake in Caterpillar during the 4th quarter worth about $1,422,000. Wellington Management Group LLP grew its stake in Caterpillar by 72.2% during the fourth quarter. Wellington Management Group LLP now owns 88,936 shares of the industrial products company's stock valued at $32,262,000 after acquiring an additional 37,282 shares in the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Caterpillar in the fourth quarter worth $134,000. Finally, Prostatis Group LLC increased its stake in Caterpillar by 15.6% in the 4th quarter. Prostatis Group LLC now owns 1,279 shares of the industrial products company's stock worth $464,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on CAT. JPMorgan Chase & Co. cut their price target on shares of Caterpillar from $515.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st. Morgan Stanley reduced their target price on shares of Caterpillar from $330.00 to $300.00 and set an "underweight" rating for the company in a report on Friday, January 31st. Wedbush upgraded shares of Caterpillar to an "outperform" rating in a research note on Monday, February 3rd. Bank of America reduced their price objective on shares of Caterpillar from $452.00 to $414.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Evercore ISI lifted their target price on Caterpillar from $365.00 to $375.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $383.80.
Check Out Our Latest Stock Analysis on CAT
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Caterpillar Company Profile
(
Get Free Report)
Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.
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