Chapin Davis Inc. Raises Stake in Caterpillar Inc. $CAT

Key Points

• Chapin Davis Inc. boosted its stake in Caterpillar by 21.5%, buying 1,235 shares to hold 6,981 shares worth about $3.998 million, making CAT roughly 0.9% of the firm's portfolio and its 28th largest holding.
• Caterpillar recently beat quarterly estimates with EPS of $5.16 vs. $4.67 and revenue of $19.13B vs. $17.81B, and announced a quarterly dividend of $1.51 ($6.04 annual, ~0.7% yield) with an ex‑dividend date of April 20.
• Analyst sentiment is broadly positive with a consensus "Moderate Buy" target of $767.77 and several upgraded price targets (e.g., Wells Fargo $960, Truist $920), while insiders have sold heavily (125,950 shares worth ~$88.6M in the last 90 days) and institutional investors own about 70.98% of the stock.

Chapin Davis Inc. boosted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,981 shares of the industrial products company's stock after buying an additional 1,235 shares during the period. Caterpillar makes up approximately 0.9% of Chapin Davis Inc.'s investment portfolio, making the stock its 28th largest holding. Chapin Davis Inc.'s holdings in Caterpillar were worth $3,998,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Torren Management LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $27,000. IFS Advisors LLC purchased a new stake in Caterpillar in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC boosted its position in 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 in the last quarter. Marquette Asset Management LLC boosted its position in 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 in the last quarter. Finally, Noble Wealth Management PBC boosted its position in Caterpillar by 140.0% in the 4th quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock worth $34,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wells Fargo raised its price target on CAT to $960 (from $870) and boosted 2026–2028 EPS forecasts, citing contributions from the Solar Turbines project — a direct analyst upgrade that supports higher fair‑value expectations. Wells Fargo Lifts PT on Caterpillar
• Positive Sentiment: Zacks Research nudged several quarterly EPS estimates higher (small bumps to Q3/Q4 2026–27 and FY2028), signaling incremental analyst confidence in near‑to‑medium term earnings momentum. Zacks Research EPS revisions
• Positive Sentiment: Macro/structural upside: multiple pieces note rising power demand from data centers and continued strength in construction/mining end markets — themes that support longer‑term revenue and aftermarket parts growth. Caterpillar Positioned for Long-Term Growth
• Positive Sentiment: High-profile bullish commentary (eg. Jim Cramer) is pushing expectations for a strong Q1 print, which can amplify momentum if results beat. Jim Cramer: "I Actually Expect a Huge Number"
• Neutral Sentiment: Pre‑earnings previews from Zacks and Yahoo dig into key metrics beyond headline revenue/EPS, useful for parsing parts, backlog and margins but not headline movers on their own. Ahead of Caterpillar Q1 Earnings: Wall Street Estimates
• Neutral Sentiment: Analyst writeups comparing cycle positions vs. peers (eg. Deere) highlight where CAT sits in its equipment cycle — important context for investors but not an immediate catalyst. Caterpillar and Deere Cycle Comparison
• Negative Sentiment: Balanced caution: preview articles note rising costs and CAT’s premium valuation — factors that make the near‑term risk/reward less clear and can prompt profit‑taking ahead of the Q1 print. Caterpillar Set to Report Q1 Earnings: Buy, Sell or Hold?

Caterpillar Stock Down 1.2%

Shares of CAT opened at $818.45 on Wednesday. Caterpillar Inc. has a 52-week low of $302.17 and a 52-week high of $845.27. The company has a market capitalization of $380.82 billion, a PE ratio of 43.49, a price-to-earnings-growth ratio of 1.91 and a beta of 1.52. The stock has a fifty day simple moving average of $743.10 and a two-hundred day simple moving average of $652.29. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) 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 business had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company earned $5.14 EPS. The company's revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities analysts forecast that Caterpillar Inc. will post 22.89 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is presently 32.09%.

Analyst Upgrades and Downgrades

CAT has been the topic of several recent research reports. Morgan Stanley upped their price objective on Caterpillar from $425.00 to $430.00 and gave the stock an "underweight" rating in a research report on Wednesday, April 15th. HSBC upped their price objective on Caterpillar from $660.00 to $850.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. DA Davidson upped their price objective on Caterpillar from $569.00 to $650.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Rothschild & Co Redburn upped their price objective on Caterpillar from $650.00 to $700.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. Finally, Truist Financial upped their price objective on Caterpillar from $786.00 to $920.00 and gave the stock a "buy" rating in a research report on Monday, April 20th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $767.77.

Insider Activity

In related news, insider Lange Bob De sold 22,656 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the sale, the insider directly owned 79,953 shares of the company's stock, valued at approximately $57,574,954.83. This trade represents a 22.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO William E. Schaupp sold 972 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total value of $742,802.40. Following the sale, the chief accounting officer directly owned 824 shares of the company's stock, valued at $629,700.80. The trade was a 54.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 125,950 shares of company stock worth $88,577,390. 0.33% of the stock is currently owned by corporate insiders.

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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