Caterpillar (NYSE:CAT) Insider Sells $22,354,968.24 in Stock

Key Points

• Insider sale: Lange Bob De sold 24,222 Caterpillar shares on May 6 at an average of $922.92 for a total of $22.35M, trimming his ownership by about 21.97% to 86,029 shares worth roughly $79.4M.
• Strong Q1 results: Caterpillar beat expectations with $5.54 EPS vs. $4.65 estimated and $17.42B in revenue (up 22.2% year‑over‑year), signaling robust demand and backlog visibility.
• Market reaction & analyst stance: Shares fell about 3.3% to $896.03 despite several price‑target raises and thematic interest (AI/data‑center, autonomy); consensus is a "Moderate Buy" with an average target near $890 and a quarterly dividend of $1.51 (≈0.7% yield).

Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Lange Bob De sold 24,222 shares of the firm's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the completion of the transaction, the insider directly owned 86,029 shares in the company, valued at $79,397,884.68. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Lange Bob De also recently made the following trade(s):

• On Friday, February 6th, Lange Bob De sold 22,656 shares of Caterpillar stock. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16.

Caterpillar Stock Down 3.3%

NYSE CAT traded down $30.90 during trading hours on Thursday, hitting $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 market capitalization of $412.70 billion, a PE ratio of 44.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63. 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 52 week low of $322.90 and a 52 week high of $931.35. The company's 50-day simple moving average is $753.19 and its two-hundred day simple moving average is $662.31.

Caterpillar (NYSE:CAT - Get Free Report) last issued 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. The firm had revenue of $17.42 billion during 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 for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. Research analysts anticipate that Caterpillar Inc. will post 23.84 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar's dividend payout ratio (DPR) is 30.06%.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. UBS Group reissued a "neutral" rating and set a $677.00 price target on shares of Caterpillar in a research report on Monday, February 2nd. Raymond James Financial reiterated a "market perform" rating on shares of Caterpillar in a research note on Wednesday, January 7th. Wall Street Zen raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. CICC Research began coverage on Caterpillar in a report on Friday, February 6th. They issued an "outperform" rating for the company. Finally, Barclays increased their price target on Caterpillar from $700.00 to $800.00 and gave the company an "equal weight" rating in a research report on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $890.27.

Key Headlines Impacting Caterpillar

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 Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Diamant Asset Management Inc. grew its stake in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares during the period. Capital International Investors purchased a new stake in Caterpillar in the 4th quarter worth about $1,225,317,000. Massachusetts Financial Services Co. MA lifted its holdings in Caterpillar by 1,851.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company's stock valued at $873,382,000 after purchasing an additional 1,736,631 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Caterpillar by 573.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after purchasing an additional 1,281,087 shares during the period. 70.98% of the stock is owned by institutional investors.

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.

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