Calamos Advisors LLC Raises Holdings in Caterpillar Inc. $CAT

Key Points

• Calamos Advisors LLC increased its Caterpillar stake by 40.7% in the first quarter, bringing its holdings to 134,683 shares valued at about $95.4 million.
• Caterpillar reported strong quarterly results, with EPS of $5.54 and revenue of $17.41 billion, both ahead of expectations and up sharply from a year earlier.
• The company also raised its quarterly dividend to $1.63 per share, while analysts currently rate the stock a consensus Moderate Buy with an average target price of $976.76.

Calamos Advisors LLC increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 40.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 134,683 shares of the industrial products company's stock after buying an additional 38,978 shares during the quarter. Calamos Advisors LLC's holdings in Caterpillar were worth $95,418,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Diamant Asset Management Inc. increased its position in Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Capital International Investors purchased a new position in Caterpillar during the fourth quarter valued at approximately $1,225,317,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Caterpillar by 573.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after buying an additional 1,281,087 shares during the period. Bank of America Corp DE boosted its stake in shares of Caterpillar by 16.0% in the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock worth $3,860,457,000 after acquiring an additional 928,974 shares during the period. Finally, Cynosure Group LLC boosted its stake in Caterpillar by 8,359.6% in the 4th quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock worth $294,314,000 after purchasing an additional 507,681 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on CAT. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the company an "equal weight" rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Rothschild & Co Redburn raised their price target on Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. 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, May 5th. Finally, Barclays upped their target price on Caterpillar from $700.00 to $800.00 and gave the stock an "equal weight" rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $976.76.

Insider Buying and Selling

In other news, CFO Andrew R. J. Bonfield sold 15,674 shares of the business's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares of the company's stock, valued at $48,631,913.85. The trade was a 22.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider owned 86,029 shares of the company's stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 95,773 shares of company stock worth $87,642,635 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Stock Down 2.1%

Caterpillar stock opened at $932.41 on Tuesday. Caterpillar Inc. has a 1-year low of $402.23 and a 1-year high of $1,073.46. The stock has a market capitalization of $429.46 billion, a price-to-earnings ratio of 46.41, a PEG ratio of 1.88 and a beta of 1.57. 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 business has a fifty day moving average price of $931.66 and a 200-day moving average price of $785.96.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the prior year, the company posted $4.25 earnings per share. The company's revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 24.71 EPS for the current fiscal year.

Caterpillar Increases Dividend

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

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Construction Industries segment is showing strong momentum, with Q1 2026 sales up 38% year over year. That performance is helping support the case for sustained growth in one of CAT’s most important businesses. Can CAT's Construction Industries Segment Deliver Sustained Growth?
• Positive Sentiment: The company is also leaning more heavily into recurring revenue through digital tools, equipment rental, and technology-driven services, which could improve earnings visibility and support its 2030 growth goals. Caterpillar (CAT) Bets On Recurring Revenue After 38% Construction Sales Surge
• Positive Sentiment: Brokerage coverage remains constructive, with Caterpillar receiving a consensus “Moderate Buy” rating, reinforcing investor confidence in the stock’s longer-term fundamentals. Caterpillar Inc. NYSE: CAT Given Consensus Recommendation of "Moderate Buy" by Brokerages
• Neutral Sentiment: Several comparison and “stocks to watch” articles mention Caterpillar alongside other industrial and construction names, which adds visibility but does not itself change the company’s fundamentals. Caterpillar vs. Oshkosh: Which Industrials Stock Is a Better Buy in 2026?
• Neutral Sentiment: An article highlighting Caterpillar as a potential beneficiary of Federal Reserve pivot expectations points to macro-rate optimism, but the impact is indirect and mostly sentiment-driven. 5 Best Stocks to Buy Following Federal Reserve Pivot Expectations

Caterpillar 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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