Caterpillar Inc. $CAT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,291 shares of the industrial products company's stock after selling 130,150 shares during the period. Pictet Asset Management Holding SA owned approximately 0.07% of Caterpillar worth $176,039,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Wellington Management Group LLP increased its position in Caterpillar by 3,949.8% during the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares during the period. Massachusetts Financial Services Co. MA increased its position in Caterpillar by 1,851.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company's stock worth $873,382,000 after purchasing an additional 1,736,631 shares during the period. Bank of New York Mellon Corp increased its position in Caterpillar by 20.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company's stock worth $1,695,757,000 after purchasing an additional 609,023 shares during the period. Amundi increased its position in Caterpillar by 24.3% during the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock worth $1,176,870,000 after purchasing an additional 464,036 shares during the period. Finally, Vanguard Group Inc. increased its position in Caterpillar by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock worth $26,572,681,000 after purchasing an additional 442,164 shares during the period. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Transactions at Caterpillar

In related news, insider Rodney Michael Shurman sold 2,278 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the sale, the insider owned 1,443 shares of the company's stock, valued at approximately $1,096,117.23. This represents a 61.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph E. Creed sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the completion of the sale, the chief executive officer directly owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,950 shares of company stock worth $88,577,390 in the last quarter. Insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

CAT opened at $829.84 on Tuesday. The stock has a market cap of $386.12 billion, a P/E ratio of 44.09, a P/E/G ratio of 1.95 and a beta of 1.52. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. The stock's 50 day simple moving average is $742.02 and its 200 day simple moving average is $649.99. Caterpillar Inc. has a 1-year low of $302.17 and a 1-year high of $845.27.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $19.13 billion for the quarter, compared to analysts' expectations of $17.81 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company's revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.14 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 22.89 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be paid 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 dividend payout ratio is presently 32.09%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wells Fargo raised its price target to $960 and boosted 2026–2028 EPS estimates, citing the scale-up of the Solar Turbines project and stronger forward outlook that underpins earnings upside. Wells Fargo Lifts PT on Caterpillar Inc. (CAT) And Raises 2026-2028 EPS
• Positive Sentiment: Jim Cramer publicly said he "expects a huge number" for Caterpillar, noting the company's meaningful exposure to data‑center demand — a high‑visibility endorsement that can boost short‑term retail/institutional interest. Jim Cramer on Caterpillar: “I Actually Expect a Huge Number”
• Positive Sentiment: Zacks highlights Caterpillar alongside other industrials for strong demand and backlog dynamics, reinforcing a research-based bullish view that order strength could sustain revenue and pricing power. The Zacks Analyst Blog Highlights Caterpillar, Texas Instruments, Boeing, Kewaunee Scientific and Vaso
• Neutral Sentiment: Preview pieces are setting expectations for Q1 results and key metrics beyond revenue/EPS; analysts are watching margins, dealer inventory flows and services exposure — these previews shape near‑term volatility but don’t change fundamentals by themselves. Ahead of Caterpillar (CAT) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Neutral Sentiment: Caterpillar’s recent acquisition of Monarch Tractor and a planned CFO transition (Andrew Bonfield retiring, Kyle Epley to succeed) highlight the push into automation/electric ag equipment — strategic for long term but raises integration and execution questions near term. Does Caterpillar’s Monarch Deal and CFO Shift Redraw the Bull Case for CAT’s Automation Future?
• Neutral Sentiment: Cycle analysis comparing Caterpillar and Deere frames CAT as riding momentum vs. value at Deere; useful context for relative positioning but mixed implications for CAT’s near‑term multiple. Caterpillar and Deere Hit Opposite Cycle Peaks: One Rides Momentum, One Hunts Value
• Negative Sentiment: A Seeking Alpha piece warns Caterpillar’s high P/E (cited ~43x) could reflect a “data center trap,” arguing the stock may be overpaying for anticipated growth from data‑center and services exposure — a bearish take that pressures valuation multiples. Caterpillar: The 43x P/E Data Center Trap

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company boosted their target price on Caterpillar from $870.00 to $960.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 21st. Robert W. Baird boosted their target price on Caterpillar from $805.00 to $940.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 22nd. Sanford C. Bernstein upped their price target on Caterpillar from $678.00 to $769.00 and gave the stock a "market perform" rating in a report on Thursday, April 9th. Finally, Raymond James Financial restated a "market perform" rating on shares of Caterpillar in a report on Wednesday, January 7th. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $767.77.

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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