Caterpillar (NYSE:CAT) Insider Anthony Fassino Sells 9,152 Shares

Key Points

• Insider sale: Anthony Fassino sold 9,152 shares on May 6 at an average price of $926.25 for proceeds of about $8.48 million, trimming his position by 16.58% to 46,041 shares.
• Q1 beat but stock pulled back: Caterpillar reported EPS of $5.54 vs. $4.65 expected and revenue of $17.42B (up 22.2% YoY), yet the stock traded down roughly 3.3% to $896.03.
• Analyst upgrades and dividend: Multiple firms raised price targets (e.g., Argus $990, Wells Fargo $1,050, HSBC $1,100) leaving a consensus "Moderate Buy" and the company pays a quarterly dividend of $1.51 (annualized $6.04, ~0.7% yield).

Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Anthony Fassino sold 9,152 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $926.25, for a total transaction of $8,477,040.00. Following the completion of the transaction, the insider owned 46,041 shares of the company's stock, valued at $42,645,476.25. This trade represents a 16.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Caterpillar Stock Down 3.3%

Shares of CAT stock traded down $30.90 during trading on Thursday, reaching $896.03. The company's stock had a trading volume of 2,950,076 shares, compared to its average volume of 2,721,189. 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 company has a market capitalization of $412.70 billion, a price-to-earnings ratio of 44.60, a P/E/G ratio of 1.85 and a beta of 1.63. The stock's 50-day moving average price is $753.19 and its 200 day moving average price is $662.31. Caterpillar Inc. has a 1-year low of $322.90 and a 1-year high of $931.35.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during 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%. The business's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.25 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 23.84 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be issued a $1.51 dividend. The ex-dividend date is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar's payout ratio is 30.06%.

Analyst Ratings Changes

CAT has been the subject of a number of research reports. Argus lifted their price objective on shares of Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a report on Tuesday. Rothschild & Co Redburn boosted their price target on shares of Caterpillar from $650.00 to $700.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Wells Fargo & Company boosted their price target 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. Finally, Wolfe Research boosted their price target on shares of Caterpillar from $670.00 to $750.00 and gave the stock an "outperform" rating in a report on Tuesday, March 31st. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $890.27.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue strength — Caterpillar posted stronger‑than‑expected Q1 results, including a ~38% increase in construction equipment revenue, supporting demand/backlog visibility and near‑term earnings upside. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
• Positive Sentiment: Analyst target increases — Several firms raised price targets (Argus to $990; HSBC to $1,100), providing fresh buy‑side ammunition and validating upside to current levels. Argus Raises Caterpillar NYSE: CAT Price Target to $990.00 HSBC Raises Caterpillar Price Target to $1,100
• Positive Sentiment: AI / data‑center power theme — Coverage framing CAT as a beneficiary of AI/data‑center buildouts (generators, electrification, site power) is attracting thematic and momentum flows beyond traditional construction demand. Industrial-Strength Rally: Why Caterpillar Is Up 53%...
• Positive Sentiment: Order visibility / longer lead times — Supplier and peer reports (Archrock) point to stretched lead times, implying sustained demand and pricing power ahead. Archrock reaffirms outlook as Caterpillar lead times near 160
• Positive Sentiment: Commercial traction & tech wins — New deployments of CAT autonomy and power solutions (e.g., Carmeuse) support product diversification and aftermarket/technology revenue potential. Carmeuse selects Caterpillar’s autonomous hauling solution
• Positive Sentiment: Insider support — A board director made a modest buy, which is a constructive signal amid heavy retail/institutional interest. SEC filing: Director purchase
• Neutral Sentiment: Mixed analyst posture — Some shops raised targets but left neutral/hold ratings, indicating debate over how much further multiple expansion can run from here. DA Davidson Raises Caterpillar (CAT) Target Following Better-Than-Expected Quarter
• Neutral Sentiment: Elevated attention & options activity — Heavy media coverage and options flows are amplifying short‑term volatility but aren’t a substitute for fundamentals. Do Options Traders Know Something About Caterpillar Stock?
• Negative Sentiment: Insider selling — Two insiders disclosed sizeable sales (one trimmed ~37%; another sold >5,600 shares), a profit‑taking signal that can weigh on sentiment despite the strong operational story. SEC filing: Insider sale SEC filing: Insider sale (Shurman)

Institutional Trading of Caterpillar

Institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund boosted its holdings in shares of Caterpillar by 7.3% in the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company's stock valued at $8,237,000 after acquiring an additional 1,181 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Caterpillar in the third quarter valued at about $8,893,000. ZEGA Investments LLC boosted its holdings in shares of Caterpillar by 149.6% in the third quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company's stock valued at $1,996,000 after acquiring an additional 2,508 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Caterpillar by 2.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company's stock valued at $79,053,000 after acquiring an additional 4,010 shares in the last quarter. Finally, Juno Financial Group LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $877,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Company Profile

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.

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