Caterpillar Inc. $CAT Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management raised its stake in Caterpillar by 13.2%, purchasing 10,697 shares to hold 91,604 shares valued at about $52.48 million, making CAT its 26th-largest holding.
• Caterpillar beat Q1 expectations with $5.54 EPS on $17.42 billion revenue, fueling a rally and prompting multiple price-target upgrades as analysts point to energy capex and data‑center/AI demand as key drivers.
• Insiders have sold about 60,164 shares (~$43.7M) over the past three months, while institutional investors collectively own roughly 70.98% of the company.

QRG Capital Management Inc. lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,604 shares of the industrial products company's stock after purchasing an additional 10,697 shares during the period. Caterpillar comprises 0.6% of QRG Capital Management Inc.'s holdings, making the stock its 26th biggest holding. QRG Capital Management Inc.'s holdings in Caterpillar were worth $52,477,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Torren Management LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $27,000. Marquette Asset Management LLC grew its stake in shares of Caterpillar by 1,060.0% in the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock worth $28,000 after purchasing an additional 53 shares during the last quarter. IFS Advisors LLC acquired a new position in shares of Caterpillar in the 4th quarter worth approximately $31,000. Joseph Group Capital Management acquired a new position in shares of Caterpillar in the 3rd quarter worth approximately $32,000. Finally, Rialto Wealth Management LLC grew its stake in shares of Caterpillar by 47.4% in the 4th quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock worth $32,000 after purchasing an additional 18 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue upside underpin the rally — Caterpillar topped Q1 estimates, reporting strong EPS and revenue growth that helped drive the recent surge. 5 Mega-Cap Stocks That Beat Q1 2026 Earnings and Are Still Climbing (CAT)
• Positive Sentiment: Multiple broker price-target lifts — Major firms (Jefferies, BofA, Daiwa and others) have raised targets — Jefferies to $1,045 and BofA to $930 — signaling sustained analyst confidence in upside from energy and infrastructure exposure. Jefferies Financial Group Increases Caterpillar NYSE: CAT Price Target to $1,045.00
• Positive Sentiment: BofA highlights energy-driven upside and AI/data-center demand — Analysts point to energy capex and the data-center buildout as key demand drivers for machines and power systems. BofA Highlights Energy Growth Driving Caterpillar (CAT) Upside
• Positive Sentiment: High-profile media attention on AI exposure — Jim Cramer and other outlets note Caterpillar is benefiting from data-center build-outs, reinforcing the narrative that CAT is tied to AI infrastructure spending. Jim Cramer Makes Big Revelation About Caterpillar (CAT) & Hedge Funds
• Positive Sentiment: Product/ESG momentum — Caterpillar’s electric power unit is powering a new zero-emission separator showcased at IFAT 2026, highlighting progress on electrification and sustainability offerings. Caterpillar’s electric power unit powers new zero-emission separator at IFAT 2026
• Neutral Sentiment: Options-market activity raises questions — Elevated options flow has attracted attention; this could signal speculative positioning or hedging around earnings/targets, so watch implied vol and large trades. Do Options Traders Know Something About Caterpillar Stock We Don't?
• Neutral Sentiment: Market commentators counsel caution despite the rally — Coverage pieces note a massive 12‑month return and some analysts recommend “hold” given stretched gains and near-term consolidation risk. Caterpillar Surges 190%—Analysts Say Hold for Now
• Negative Sentiment: Some analysts maintain conservative stances — DA Davidson bumped its target to $845 but kept a neutral rating, implying limited near-term upside from their view and reflecting valuation caution after the run. DA Davidson adjusts price target on Caterpillar to $845 from $650, maintains neutral rating

Caterpillar Stock Performance

Shares of CAT opened at $874.72 on Tuesday. 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 capitalization of $407.00 billion, a PE ratio of 43.54, a PEG ratio of 2.04 and a beta of 1.63. The company's 50 day moving average price is $746.86 and its 200 day moving average price is $656.99. Caterpillar Inc. has a 52 week low of $318.11 and a 52 week high of $905.00.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company's revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.25 earnings per share. Research analysts expect that Caterpillar Inc. will post 23.08 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid 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 payout ratio is 30.06%.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $776.90, for a total value of $6,130,517.90. Following the completion of the sale, the insider directly owned 46,643 shares in the company, valued at $36,236,946.70. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodney Michael Shurman sold 2,278 shares of Caterpillar stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the completion of the sale, the insider owned 1,443 shares of the company's stock, valued at $1,096,117.23. This trade represents a 61.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 60,164 shares of company stock valued at $43,748,068. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CAT shares. Morgan Stanley set a $915.00 target price on shares of Caterpillar and gave the stock an "equal weight" rating in a research report on Friday. HSBC lifted their target price on shares of Caterpillar from $660.00 to $850.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Bank of America lifted their target price on shares of Caterpillar from $930.00 to $989.00 and gave the stock a "buy" rating in a research report on Friday. Raymond James Financial reissued a "market perform" rating on shares of Caterpillar in a research report on Wednesday, January 7th. Finally, CICC Research started coverage on shares of Caterpillar in a research report on Friday, February 6th. They issued an "outperform" rating on the stock. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $871.18.

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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