Caterpillar Inc. $CAT Position Boosted by NBT Bank N A NY

Key Points

• NBT Bank N A NY boosted its Caterpillar stake by 29.5% in the first quarter, adding 9,124 shares to reach 40,077 shares valued at about $28.4 million. Caterpillar is now the bank’s 9th-largest holding and about 1.9% of its portfolio.
• Analyst sentiment remains broadly positive, with multiple firms raising price targets and several maintaining buy ratings. MarketBeat data shows Caterpillar has an average rating of “Moderate Buy” and an average target price of $949.41.
• Caterpillar reported strong quarterly results and raised its dividend, posting earnings of $5.54 per share on revenue of $17.41 billion, both above estimates and up sharply year over year. The company also increased its quarterly dividend to $1.63 per share.

NBT Bank N A NY increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 29.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,077 shares of the industrial products company's stock after acquiring an additional 9,124 shares during the period. Caterpillar comprises approximately 1.9% of NBT Bank N A NY's portfolio, making the stock its 9th biggest holding. NBT Bank N A NY's holdings in Caterpillar were worth $28,393,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacific Point Advisors LLC bought a new position in Caterpillar in the 4th quarter valued at $579,000. Brighton Jones LLC raised its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after purchasing an additional 2,519 shares during the period. United Bank boosted its holdings in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after buying an additional 2,125 shares during the last quarter. Schnieders Capital Management LLC. grew its position in Caterpillar by 3.9% during 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 buying an additional 347 shares during the period. Finally, Alliancebernstein L.P. grew its position in Caterpillar by 6.5% during the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock valued at $222,120,000 after buying an additional 34,846 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on CAT shares. Barclays lifted their price objective on shares of Caterpillar from $700.00 to $800.00 and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Rothschild & Co Redburn raised their price target on shares of Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, May 2nd. Argus upped their price objective on Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Evercore reissued an "outperform" rating and set a $1,103.00 price objective on shares of Caterpillar in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $949.41.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 16,283 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider directly owned 46,041 shares in the company, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 5,642 shares of the business's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the transaction, the insider directly owned 9,594 shares of the company's stock, valued at approximately $8,471,789.82. This represents a 37.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is owned by corporate insiders.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Truist raised its price target on Caterpillar to $1,218 from $1,043 and kept a buy rating, reinforcing bullish sentiment around the stock’s earnings and growth outlook. Article Link
• Positive Sentiment: Several reports highlighted Caterpillar as a momentum, long-term, and “trending” stock, suggesting investor interest remains strong and could help keep shares elevated. Article Link
• Positive Sentiment: Analysts and commentators pointed to Caterpillar’s role in powering data centers and other AI-related infrastructure, a theme that has helped explain the stock’s strong run. Article Link
• Positive Sentiment: Caterpillar also received fresh praise for strong backlog, earnings growth, and long-term expansion plans, which supports the case for continued upside. Article Link
• Neutral Sentiment: Caterpillar announced a $5 million investment in Texas workforce training and manufacturing education, a positive long-term initiative but not likely a major near-term stock driver. Article Link
• Neutral Sentiment: Wall Street analyst coverage remains broadly optimistic, with multiple articles noting favorable average brokerage recommendations, though these do not always translate into reliable signals. Article Link
• Negative Sentiment: Michael Burry disclosed a first-ever short position in Caterpillar, arguing the stock’s AI-linked rally may have stretched valuation too far; that news is likely the main source of pressure on shares today. Article Link

Caterpillar Trading Up 0.2%

Shares of CAT stock opened at $965.44 on Friday. The company's fifty day simple moving average is $918.32 and its two-hundred day simple moving average is $769.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. Caterpillar Inc. has a 1 year low of $388.09 and a 1 year high of $1,073.46. The stock has a market capitalization of $444.67 billion, a price-to-earnings ratio of 48.06, a PEG ratio of 1.90 and a beta of 1.57.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results 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 $17.41 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 business's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the company earned $4.25 earnings per share. As a group, analysts anticipate that Caterpillar Inc. will post 24.71 earnings per share for the current year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.7%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio is 30.06%.

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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