Rep. Robert Bresnahan, Jr. Purchases Shares of Caterpillar Inc. (NYSE:CAT)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Caterpillar Inc. (NYSE:CAT). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $1,001 and $15,000 in Caterpillar stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $344.72 on Tuesday. The stock has a market cap of $162.38 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 1.87 and a beta of 1.35. The stock’s 50-day moving average is $319.30 and its 200 day moving average is $350.36. The company has a current ratio of 1.42, a quick ratio of 0.89 and a debt-to-equity ratio of 1.40. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $418.50.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $4.25 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.10). Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. The business had revenue of $14.25 billion for the quarter, compared to analysts’ expectations of $14.64 billion. During the same period last year, the business posted $5.60 earnings per share. The company’s revenue was down 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were issued a $1.41 dividend. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, April 21st. Caterpillar’s payout ratio is currently 27.49%.

Insider Buying and Selling

In related news, Director David Maclennan purchased 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average price of $320.70 per share, for a total transaction of $120,262.50. Following the purchase, the director now directly owns 6,653 shares of the company’s stock, valued at approximately $2,133,617.10. This represents a 5.97% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Flagship Wealth Advisors LLC bought a new position in Caterpillar in the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Caterpillar in the 4th quarter worth approximately $27,000. Cyrus J. Lawrence LLC bought a new position in Caterpillar in the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new position in Caterpillar during the fourth quarter valued at $31,000. Finally, Investment Management Corp VA ADV purchased a new stake in shares of Caterpillar in the 4th quarter worth about $33,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Baird R W upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 13th. UBS Group upgraded Caterpillar from a “sell” rating to a “neutral” rating and increased their target price for the company from $272.00 to $357.00 in a report on Friday, May 16th. DA Davidson raised their price target on Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Bank of America boosted their price objective on Caterpillar from $335.00 to $385.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley upgraded shares of Caterpillar from an “underweight” rating to an “equal weight” rating and cut their target price for the stock from $300.00 to $283.00 in a report on Wednesday, April 16th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

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

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.