Caterpillar Inc. $CAT Shares Sold by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. trimmed its Caterpillar stake by 5% in the first quarter, selling 1,044 shares and ending with 19,857 shares valued at about $14.1 million.
• Caterpillar insiders have also been selling shares, including large transactions by Anthony D. Fassino and Jason Kaiser; insider sales totaled 95,773 shares worth about $87.6 million over the last 90 days.
• The company recently posted strong quarterly results, beating estimates on both EPS and revenue, while analysts remain largely bullish and Caterpillar also raised its quarterly dividend to $1.63 per share.

Wesbanco Bank Inc. lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,857 shares of the industrial products company's stock after selling 1,044 shares during the quarter. Wesbanco Bank Inc.'s holdings in Caterpillar were worth $14,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Torren Management LLC acquired a new stake in shares of Caterpillar in the 4th quarter worth $27,000. Frazier Financial Advisors LLC boosted its position in shares of Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 33 shares during the last quarter. IFS Advisors LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at about $31,000. Rialto Wealth Management LLC increased its position in Caterpillar by 47.4% during the fourth 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. Finally, Cornerstone Financial Management LLC purchased a new position in Caterpillar during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling

In other news, insider Anthony D. Fassino sold 16,283 shares of the firm's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company's stock, valued at approximately $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the transaction, the insider owned 9,594 shares of the company's stock, valued at $8,471,789.82. This trade represents a 37.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,773 shares of company stock worth $87,642,635 over the last 90 days. 0.33% of the stock is owned by insiders.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Robert W. Baird raised its price target on Caterpillar to $1,200 from $1,165 and reiterated an outperform rating, signaling continued upside confidence. MarketScreener
• Positive Sentiment: Caterpillar’s earnings backdrop remains strong: the company recently beat estimates with higher-than-expected revenue and EPS, supported by robust demand and a record backlog theme that has helped the stock outperform this year.
• Neutral Sentiment: Caterpillar Foundation announced a $2.5 million initiative tied to America’s 250th anniversary, which is positive for corporate image but likely limited direct impact on shares. Caterpillar Foundation Announces $2.5 Million Initiative in Celebration of America's 250th Anniversary
• Negative Sentiment: Investor sentiment is being weighed down by margin pressure: a Zacks note said Q1 2026 operating margin slipped to 18% as tariff-related costs rose, and management expects $2.2 billion to $2.4 billion of tariff impact for 2026. Caterpillar's Operating Margins Remain Under Pressure: Rebound Ahead?
• Negative Sentiment: Broad market coverage said Caterpillar was one of the main drags on the Dow in Friday trading, suggesting weakness in the stock was large enough to influence the index. Nasdaq Rises. Caterpillar and Goldman Are Dragging on the Dow.
• Negative Sentiment: Recent economic data showed advance trade in goods falling in May, which can be read as a softer trade backdrop for industrial-demand names like Caterpillar. Advance Trade in Goods fall in May

Caterpillar Stock Down 5.7%

Shares of NYSE CAT opened at $996.73 on Friday. 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 business's 50 day moving average is $897.41 and its two-hundred day moving average is $755.09. Caterpillar Inc. has a 52-week low of $382.75 and a 52-week high of $1,057.07. The firm has a market cap of $459.08 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 2.09 and a beta of 1.59.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 billion during the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company's revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.25 earnings per share. Research analysts predict that Caterpillar Inc. will post 24.64 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.7%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio is presently 30.06%.

Analyst Upgrades and Downgrades

CAT has been the subject of several analyst reports. Bank of America increased their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research note on Friday, May 1st. DA Davidson upped their price objective on Caterpillar from $650.00 to $845.00 and gave the company a "neutral" rating in a report on Monday, May 4th. Sanford C. Bernstein increased their price objective on Caterpillar from $769.00 to $879.00 and gave the stock a "market perform" rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. Finally, Evercore reaffirmed an "outperform" rating and issued a $1,103.00 price target on shares of Caterpillar in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $941.45.

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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