Caterpillar Inc. $CAT Shares Sold by BOCHK Asset Management Ltd

Key Points

• BOCHK Asset Management cut its stake in Caterpillar by 81% in the fourth quarter, selling 3,240 shares and leaving 760 shares valued at about $435,000 per its latest 13F filing.
• Significant insider and institutional selling has occurred recently — insiders sold 125,950 shares (~$88.58M) in the last 90 days (including CEO and CAO sales), even as institutions still own roughly 70.98% of the stock and insiders hold 0.33%.
• Caterpillar beat estimates on its most recent quarterly results (EPS $5.16 vs. $4.67 estimate; revenue $19.13B, up 17.9% YoY), maintained a quarterly dividend of $1.51, and currently has a consensus rating of “Moderate Buy” with an average target of $741.68.

BOCHK Asset Management Ltd cut its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 760 shares of the industrial products company's stock after selling 3,240 shares during the period. BOCHK Asset Management Ltd's holdings in Caterpillar were worth $435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CAT. Marquette Asset Management LLC raised its stake in Caterpillar by 1,060.0% in the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock valued at $28,000 after buying an additional 53 shares in the last quarter. IFS Advisors LLC acquired a new stake in Caterpillar in the fourth quarter valued at $31,000. Joseph Group Capital Management acquired a new stake in Caterpillar in the third quarter valued at $32,000. Rialto Wealth Management LLC raised its stake in Caterpillar by 47.4% in the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock valued at $32,000 after buying an additional 18 shares in the last quarter. Finally, Noble Wealth Management PBC raised its stake in Caterpillar by 140.0% in the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock valued at $34,000 after buying an additional 35 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CAT shares. Morgan Stanley lifted their target price on Caterpillar from $400.00 to $425.00 and gave the stock an "underweight" rating in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lifted their target price on Caterpillar from $765.00 to $860.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 4th. Bank of America lifted their target price on Caterpillar from $735.00 to $825.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Argus lifted their target price on Caterpillar from $625.00 to $820.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Saturday, February 21st. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and an average target price of $741.68.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Market/rally lift — Caterpillar was highlighted amid a Dow advance that pushed industrial names higher, providing near‑term momentum into the session. Dow's 312-point rally highlighted by gains in shares of Amazon.com Inc., Caterpillar
• Positive Sentiment: Fundamentals & momentum — Coverage notes strong recent price performance alongside record sales and earnings beats, keeping investor interest high as analysts and traders re‑assess CAT’s industrial exposure. Caterpillar (CAT) Laps the Stock Market: Here's Why
• Positive Sentiment: AI/data‑center tailwind and backlog — Analysts and market commentary point to growing demand for power/generator equipment from AI data centers plus a roughly $51B backlog that supports revenue visibility and upside to sales. Caterpillar: AI-Driven Power Demand And Strong Backlog Support Continued Upside
• Positive Sentiment: Dividend continuity — Board maintained the quarterly dividend ($1.51/share), signaling cash‑flow stability and returning capital to shareholders. That supports investor confidence in the business mix. Caterpillar Inc. Maintains Dividend
• Neutral Sentiment: Orderly CFO transition — CFO Andrew Bonfield will retire Oct. 1, 2026, with internal successor Kyle Epley taking over May 1; the planned handover reduces execution risk vs. an abrupt departure. Caterpillar Elects New Chief Financial Officer
• Neutral Sentiment: Mixed analyst signals — Erste raised FY2026 EPS estimates (modestly bullish), while some firms' price targets remain clustered below or around current levels; divergent targets keep valuation debates alive. MarketBeat CAT profile (estimates & targets)
• Neutral Sentiment: Bernstein adjusted target — Sanford C. Bernstein raised its price target to $769 but kept a "market perform" rating (target sits near/just below the market), a mixed read for long‑term upside. Bernstein adjusts price target on Caterpillar to $769
• Negative Sentiment: Insider & institutional selling — Data summaries show significant insider sales and large institutional reductions by some funds, which can weigh on sentiment if sustained. Caterpillar: AI-Driven Power Demand And Strong Backlog Support Continued Upside (includes ownership/insider notes)

Insider Activity at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total transaction of $742,802.40. Following the transaction, the chief accounting officer owned 824 shares in the company, valued at approximately $629,700.80. The trade was a 54.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joseph E. Creed sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $718.93, for a total value of $1,797,325.00. Following the transaction, the chief executive officer directly owned 35,083 shares of the company's stock, valued at approximately $25,222,221.19. This trade represents a 6.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 125,950 shares of company stock worth $88,577,390 in the last ninety days. Company insiders own 0.33% of the company's stock.

Caterpillar Stock Up 2.1%

Caterpillar stock opened at $787.46 on Friday. Caterpillar Inc. has a twelve month low of $279.80 and a twelve month high of $795.52. The stock has a 50 day moving average of $723.94 and a two-hundred day moving average of $621.03. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $366.39 billion, a price-to-earnings ratio of 41.84, a PEG ratio of 1.82 and a beta of 1.52.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts' consensus estimates of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company had revenue of $19.13 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the firm earned $5.14 EPS. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. As a group, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

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 given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is presently 32.09%.

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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