Caterpillar Inc. $CAT Shares Bought by Citizens Financial Group Inc. RI

Key Points

• Q1 beat and raised outlook: Caterpillar reported adjusted EPS of $5.54 and revenue of $17.42B, topping estimates, cited a record backlog and rising AI/data‑center-driven power demand, and announced a framework to supply up to 2.1 GW of power capacity.
• Market reaction and capital returns: the stock jumped about 10% after the results, with the company deploying $5.7B in buybacks and dividends and analysts broadly positive (consensus rating "Moderate Buy").
• Ownership and insider activity: Institutional investors own ~70.98% of CAT and Citizens Financial raised its stake 9.2% to 33,679 shares (~$19.3M), while insiders sold 125,950 shares (~$88.6M) last quarter and now hold just 0.33% of the stock.

Citizens Financial Group Inc. RI raised its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 33,679 shares of the industrial products company's stock after buying an additional 2,826 shares during the period. Citizens Financial Group Inc. RI's holdings in Caterpillar were worth $19,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC boosted its holdings in Caterpillar by 2.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company's stock worth $390,000 after buying an additional 16 shares during the last quarter. Security Financial Services INC. boosted its holdings in shares of Caterpillar by 0.4% during the 4th quarter. Security Financial Services INC. now owns 3,609 shares of the industrial products company's stock worth $2,068,000 after purchasing an additional 16 shares during the last quarter. Purus Wealth Management LLC boosted its holdings in shares of Caterpillar by 0.5% during the 4th quarter. Purus Wealth Management LLC now owns 3,018 shares of the industrial products company's stock worth $1,729,000 after purchasing an additional 16 shares during the last quarter. Montecito Bank & Trust boosted its holdings in shares of Caterpillar by 0.5% during the 4th quarter. Montecito Bank & Trust now owns 3,362 shares of the industrial products company's stock worth $1,926,000 after purchasing an additional 17 shares during the last quarter. Finally, KWB Wealth boosted its holdings in shares of Caterpillar by 3.2% during the 4th quarter. KWB Wealth now owns 549 shares of the industrial products company's stock worth $315,000 after purchasing an additional 17 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of the business's stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the sale, the insider owned 46,643 shares of the company's stock, valued at $36,236,946.70. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rodney Michael Shurman sold 2,278 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the sale, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. The trade was a 61.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,950 shares of company stock valued at $88,577,390 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and raised outlook — CAT reported adjusted EPS and revenue well above estimates, drove a sizable year-over-year revenue gain and raised annual guidance on stronger demand for construction and power equipment. Caterpillar expects AI-driven demand for power, construction to fuel growth
• Positive Sentiment: Record backlog and AI-driven power demand — Management cited a record backlog and rising demand for power and energy equipment to support data centers (AI buildout), underpinning multi-year revenue visibility for the power segment. Caterpillar stock jumps on record backlog, boom in power and energy equipment for data centers
• Positive Sentiment: Strategic partnership for power assets — A framework agreement with PROPWR (ProPetro) to supply up to 2.1 GW of power generation capacity reinforces Caterpillar’s exposure to data-center and industrial power demand. That supports the company’s growth story beyond traditional construction equipment. ProPetro, Caterpillar Partner on Multi-Year Power Buildout Through 2032
• Positive Sentiment: Capital returns — CAT deployed $5.7 billion for share repurchases and dividends in Q1, a concrete driver of EPS accretion and shareholder value that supports the stock’s rally. Caterpillar Reports First-Quarter 2026 Results
• Positive Sentiment: Market reaction & analyst support — ETFs and broader market flows grabbed CAT exposure after the earnings-led rally; banks and some analysts have raised estimates/targets, reinforcing momentum. ETFs tied to Caterpillar jump after the stock's earnings-driven rally
• Neutral Sentiment: Broader market context — CAT’s move helped lift the Dow and contributed to intraday index strength, but part of the move reflects market positioning around big-cap earnings rather than company-specific news alone. Dow rises 730 points, S&P 500 hits new intraday high
• Neutral Sentiment: Corporate housekeeping — Caterpillar announced its virtual annual shareholder meeting (June 10), which is routine and unlikely to move the share price materially. Caterpillar Announces Virtual 2026 Shareholder Meeting
• Negative Sentiment: Tariff and cost pressure — Management warned of significant tariff costs for 2026 and analysts flagged tariffs as a margin headwind, which could limit upside to margins even as revenue grows. Caterpillar expecting significant tariff costs again for 2026

Caterpillar Stock Up 10.0%

CAT stock opened at $890.91 on Friday. The firm has a market cap of $414.53 billion, a PE ratio of 47.34, a PEG ratio of 1.87 and a beta of 1.52. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. The firm's 50 day moving average price is $746.86 and its 200-day moving average price is $655.04. Caterpillar Inc. has a one year low of $311.02 and a one year high of $896.98.

Caterpillar (NYSE:CAT - Get Free Report) last released 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 firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.25 EPS. On average, equities research analysts anticipate that Caterpillar Inc. will post 22.89 EPS for the current year.

Caterpillar Dividend Announcement

The company 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 of this dividend is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. Caterpillar's payout ratio is presently 32.09%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CAT. Jefferies Financial Group boosted their target price on Caterpillar from $825.00 to $900.00 and gave the stock a "buy" rating in a report on Wednesday, April 15th. Royal Bank Of Canada boosted their target price on Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a report on Friday, January 30th. Morgan Stanley boosted their target price on Caterpillar from $425.00 to $430.00 and gave the stock an "underweight" rating in a report on Wednesday, April 15th. CICC Research began coverage on Caterpillar in a report on Friday, February 6th. They set an "outperform" rating on the stock. Finally, Oppenheimer boosted their target price on Caterpillar from $817.00 to $832.00 and gave the stock an "outperform" rating in a report on Tuesday, April 14th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $767.77.

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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