Canandaigua National Bank & Trust Co. Cuts Stake in Caterpillar Inc. $CAT

Key Points

• Canandaigua National Bank & Trust Co. cut its stake in Caterpillar by 15.8%, selling 2,995 shares to hold 15,952 shares valued at about $9.14 million (Caterpillar is its 26th-largest holding).
• Caterpillar posted a quarterly EPS beat — $5.16 vs. $4.67 consensus — and revenue of $19.13 billion (up 17.9% year-over-year), with analysts projecting roughly 22.89 EPS for the current year.
• Insiders have been net sellers (125,950 shares worth ~$88.6 million in the last 90 days) while institutional investors own about 70.98% of the stock and analysts' average price target stands near $767.77.

Canandaigua National Bank & Trust Co. decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 15.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,952 shares of the industrial products company's stock after selling 2,995 shares during the period. Caterpillar makes up about 0.8% of Canandaigua National Bank & Trust Co.'s holdings, making the stock its 26th biggest holding. Canandaigua National Bank & Trust Co.'s holdings in Caterpillar were worth $9,138,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CAT. Wellington Management Group LLP boosted its stake in shares of Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock valued at $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Caterpillar by 1,851.8% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Caterpillar by 20.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company's stock valued at $1,695,757,000 after purchasing an additional 609,023 shares in the last quarter. Amundi boosted its stake in shares of Caterpillar by 24.3% in the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock valued at $1,176,870,000 after purchasing an additional 464,036 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock valued at $26,572,681,000 after purchasing an additional 442,164 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Stock Down 0.9%

Shares of NYSE CAT opened at $810.23 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a 12 month low of $302.17 and a 12 month high of $845.27. The firm has a market capitalization of $376.99 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 1.91 and a beta of 1.52. The firm has a fifty day simple moving average of $744.25 and a two-hundred day simple moving average of $653.39.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business earned $5.14 EPS. The company's revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts expect that Caterpillar Inc. will post 22.89 earnings per share for the current 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 issued a $1.51 dividend. 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 is 32.09%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Bank of America raised its price target on CAT to $930 (from $825) and kept a Buy rating, which underpins near-term upside expectations from a major sell-side shop. Bank of America Sees Caterpillar Benefiting
• Positive Sentiment: PROPWR (ProPetro) announced a strategic framework agreement to buy up to 2.1 GW of power-generation assets with Caterpillar — a sign of growing demand for Cat power systems from data centers, oil & gas and industrial customers that could support equipment and services revenue over the coming years. PROPWR Secures Strategic Framework Agreement with Caterpillar Inc.
• Positive Sentiment: Analysts at Erste Group nudged up FY2026 and FY2027 EPS estimates for Caterpillar, reflecting mild upward revisions to the company’s earnings trajectory from sell-side modeling. (Market commentary summarized from analyst note.)
• Positive Sentiment: Zacks Research raised several quarterly EPS estimates for CAT (small upgrades to Q3/Q4 windows), signaling modest upward revision momentum across some analyst models. Caterpillar is Set to Report Q1 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Seeking Alpha preview and consensus expect Q1 revenue and EPS growth, but results and management commentary (guidance) are likely to be the key market movers when released. Caterpillar Q1 earnings preview
• Neutral Sentiment: Reminder: Caterpillar reports Q1 results tomorrow — that timing increases short-term volatility as traders reposition into/out of the print. Caterpillar (CAT) Reports Earnings Tomorrow: What To Expect
• Neutral Sentiment: Commentary pieces highlight long-term demand tailwinds from data-center power needs and diversification into power & energy, supporting a multi-year growth narrative but not necessarily near-term upside. Caterpillar Positioned for Long-Term Growth
• Negative Sentiment: Pre-earnings caution: some analysts and articles point to rising costs and a premium valuation that make the near-term investment case less clear — drivers that can prompt profit-taking or muted upside if the print and guidance aren’t clearly better-than-expected. Caterpillar is Set to Report Q1 Earnings: Buy, Sell or Hold the Stock?

Analysts Set New Price Targets

Several brokerages have weighed in on CAT. Argus increased their price target on shares of Caterpillar from $625.00 to $820.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Morgan Stanley increased their price target on shares of Caterpillar from $425.00 to $430.00 and gave the company an "underweight" rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Caterpillar from $765.00 to $860.00 and gave the company an "overweight" rating in a research report on Wednesday, March 4th. 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. Finally, Wells Fargo & Company increased their price target on shares of Caterpillar from $870.00 to $960.00 and gave the company an "overweight" rating in a research report on Tuesday, April 21st. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $767.77.

Insiders Place Their Bets

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $720.11, for a total value of $16,314,812.16. Following the completion of the transaction, the insider directly owned 79,953 shares in the company, valued at approximately $57,574,954.83. This represents a 22.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise C. Johnson sold 39,138 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $681.08, for a total transaction of $26,656,109.04. Following the completion of the transaction, the insider owned 43,350 shares of the company's stock, valued at $29,524,818. This trade represents a 47.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 125,950 shares of company stock worth $88,577,390. Company insiders own 0.33% of the company's stock.

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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