Caterpillar Inc. $CAT Holdings Reduced by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt cut its stake in Caterpillar by 24.4%, selling 80,100 shares and leaving it with 248,500 shares worth about $142.33M; institutional investors now own roughly 70.98% of the company.
• Caterpillar reported a strong Q1 beat with EPS $5.54 vs. $4.65 and revenue of $17.42B (up 22.2% y/y), spurring analyst price‑target upgrades and a constructive outlook driven by rising backlog and an AI/data‑center investment narrative.
• There has been notable insider activity: two recent insider sales of ~5.6k shares each and 55,375 shares sold by insiders (~$42.49M) over the last quarter, though one director made a modest buy of 250 shares.

Alecta Tjanstepension Omsesidigt decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 248,500 shares of the industrial products company's stock after selling 80,100 shares during the period. Alecta Tjanstepension Omsesidigt owned approximately 0.05% of Caterpillar worth $142,333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacific Point Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $579,000. Brighton Jones LLC boosted its holdings in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock valued at $2,688,000 after acquiring an additional 2,519 shares in the last quarter. United Bank boosted its holdings in shares of Caterpillar by 108.5% in the second quarter. United Bank now owns 4,083 shares of the industrial products company's stock valued at $1,585,000 after acquiring an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. boosted its holdings in shares of Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock valued at $3,551,000 after acquiring an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after acquiring an additional 34,846 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Buying and Selling

In other Caterpillar news, insider Jason Kaiser sold 5,642 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the sale, the insider owned 9,594 shares in the company, valued at $8,471,789.82. This represents a 37.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rodney Michael Shurman sold 5,639 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $903.18, for a total transaction of $5,093,032.02. Following the completion of the sale, the insider owned 2,546 shares of the company's stock, valued at approximately $2,299,496.28. The trade was a 68.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 55,375 shares of company stock worth $42,494,287. Insiders own 0.33% of the company's stock.

Caterpillar Stock Up 2.5%

Shares of NYSE:CAT opened at $927.22 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The company has a market cap of $427.07 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63. Caterpillar Inc. has a 52 week low of $318.11 and a 52 week high of $930.54. The firm has a 50 day simple moving average of $753.19 and a 200 day simple moving average of $662.31.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.25 EPS. As a group, research analysts expect that Caterpillar Inc. will post 23.84 earnings per share for the current year.

Caterpillar Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CAT. Robert W. Baird raised their target price on shares of Caterpillar from $940.00 to $1,165.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Barclays upped their price target on Caterpillar from $700.00 to $800.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Oppenheimer set a $980.00 price target on Caterpillar and gave the company an "outperform" rating in a report on Friday, May 1st. Jefferies Financial Group upped their price target on Caterpillar from $900.00 to $1,045.00 and gave the company a "buy" rating in a report on Friday, May 1st. Finally, Raymond James Financial reaffirmed a "market perform" rating on shares of Caterpillar in a report on Wednesday, January 7th. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $890.27.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 results and backlog: CAT reported revenue and EPS well above expectations and management flagged rising backlog and a constructive outlook — the core earnings beat remains the primary driver of momentum. Read More.
• Positive Sentiment: Analyst upgrades / bigger price targets: Multiple firms raised targets (Argus to $990 with a buy rating; HSBC raised its target sharply). These raises validate the stronger outlook and support re‑rating. Read More.
• Positive Sentiment: AI / data‑center narrative re‑rating the stock: Coverage framing CAT as an AI‑infrastructure beneficiary (generators, power systems, site construction) is attracting thematic buyers and helping push multiples higher. Read More.
• Positive Sentiment: Corporate wins and product traction: New commercial deployments of Cat autonomy and electric power products (e.g., Carmeuse selecting CAT autonomous hauling) support incremental revenue diversification. Read More.
• Positive Sentiment: Insider buy (supportive signal): Director David Maclennan purchased 250 shares, a modest but positive insider action that can reassure some investors. Read More.
• Neutral Sentiment: Mixed analyst nuance: DA Davidson raised its target to $845 but kept a Neutral rating — shows some analysts see upside but also limited near‑term stretch from current levels. Read More.
• Neutral Sentiment: Heavy media attention & options flow: Trending coverage and increased options activity are amplifying volatility and momentum; these raise trading volume but don’t necessarily change fundamentals. Read More.
• Negative Sentiment: Large insider sales: Two reported insider sales (including ~5.6k shares by Jason Kaiser and another ~5.6k by Rodney Shurman) reduce insider ownership and may concern some investors about near‑term profit‑taking. Read More.

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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