Caterpillar Inc. $CAT Shares Sold by S&CO Inc.

Key Points

• S&CO Inc. trimmed its Caterpillar stake by 6.2% in the first quarter, selling 6,569 shares and leaving it with 98,827 shares valued at about $70.0 million. Caterpillar remains S&CO’s fourth-largest holding.
• Caterpillar beat quarterly expectations, reporting EPS of $5.54 versus the $4.65 estimate and revenue of $17.41 billion, up 22.2% year over year. Analysts currently have a consensus “Moderate Buy” rating with an average price target of $980.57.
• The company raised its dividend to $1.63 per share quarterly from $1.51, bringing the annualized payout to $6.52. Insider selling also continued, including notable sales by Anthony D. Fassino and Bob De Lange.

S&CO Inc. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,827 shares of the industrial products company's stock after selling 6,569 shares during the period. Caterpillar accounts for 4.3% of S&CO Inc.'s investment portfolio, making the stock its 4th largest position. S&CO Inc.'s holdings in Caterpillar were worth $70,014,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CAT. Lam Group Inc. acquired a new stake in Caterpillar during the first quarter worth about $26,000. Torren Management LLC acquired a new position in Caterpillar in the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC grew its stake in shares of Caterpillar by 220.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after buying an additional 33 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Caterpillar by 82.1% during the 1st quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company's stock valued at $36,000 after buying an additional 23 shares during the period. Finally, IFS Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CAT shares. Zacks Research cut Caterpillar from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Rothschild & Co Redburn lifted their price target on shares of Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Wells Fargo & Company upped their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a report on Tuesday, June 23rd. Morgan Stanley set a $915.00 target price on Caterpillar and gave the company an "equal weight" rating in a research report on Friday, May 1st. Finally, UBS Group restated a "neutral" rating and set a $900.00 price target on shares of Caterpillar in a research report on Tuesday, June 2nd. Fifteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Caterpillar has an average rating of "Moderate Buy" and an average price target of $980.57.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the sale, the insider directly owned 46,041 shares of the company's stock, valued at $42,210,388.80. The trade was a 26.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 24,222 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares of the company's stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by company insiders.

Caterpillar Price Performance

Caterpillar stock opened at $881.26 on Friday. The firm has a market cap of $405.90 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 1.72 and a beta of 1.57. Caterpillar Inc. has a 52-week low of $405.46 and a 52-week high of $1,073.46. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company's 50 day moving average is $931.29 and its two-hundred day moving average is $793.45.

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 the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.41 billion during the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the firm posted $4.25 earnings per share. The company's quarterly revenue was up 22.2% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 24.87 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be issued a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, July 20th. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is 30.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Multiple analyst updates turned incrementally more optimistic on Caterpillar’s earnings outlook, with Erste Group Bank and Zacks Research lifting FY2026, FY2027, FY2028 and several quarterly EPS estimates. Higher profit expectations can support the stock by reinforcing the view that CAT’s long-term demand and pricing power remain solid.
• Positive Sentiment: Several commentary pieces highlighted Caterpillar as a leading industrial and equipment name versus peers like Volvo, citing stronger earnings momentum, rising estimates, and long-term growth tied to infrastructure, electrification, automation, and AI data-center buildout demand.
• Neutral Sentiment: Pre-earnings coverage noted Wall Street is expecting Caterpillar’s upcoming Q2 2026 report to show another double-digit profit increase, which keeps investor attention focused on whether results can justify the stock’s premium valuation.
• Neutral Sentiment: Several articles framed Caterpillar as a high-quality company with a strong brand and global dealer network, but also warned that the valuation looks rich. That limits near-term upside unless earnings growth continues to outpace expectations.
• Negative Sentiment: Caterpillar was also mentioned in broader market weakness and “AI selloff” coverage, and Zacks Research downgraded the stock from strong-buy to hold. That suggests some investors are becoming more cautious after the recent run-up.

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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