D.A. Davidson & CO. Sells 1,656 Shares of Caterpillar Inc. $CAT

Key Points

• D.A. Davidson & Co. trimmed its position in Caterpillar by 2.0%, selling 1,656 shares and leaving the firm with 82,322 shares valued at about $47.16 million at quarter end.
• Wall Street sentiment is broadly positive: multiple firms raised price targets (e.g., Citigroup to $905, Truist to $920) and the consensus rating is a "Moderate Buy" with a mean target of $767.77.
• Caterpillar beat quarterly expectations (EPS $5.16 vs. $4.67; revenue $19.13B, up 17.9%) and announced a $1.51 quarterly dividend, while insiders have sold roughly 125,950 shares (~$88.6M) over the past 90 days.

D.A. Davidson & CO. lowered its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,322 shares of the industrial products company's stock after selling 1,656 shares during the period. D.A. Davidson & CO.'s holdings in Caterpillar were worth $47,160,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Alexis Investment Partners LLC boosted its holdings in Caterpillar by 3.1% in the 4th quarter. Alexis Investment Partners LLC now owns 3,738 shares of the industrial products company's stock valued at $2,156,000 after purchasing an additional 112 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Caterpillar by 3.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 857 shares of the industrial products company's stock valued at $491,000 after purchasing an additional 31 shares during the period. Atlas Legacy Advisors LLC boosted its holdings in Caterpillar by 24.6% in the 4th quarter. Atlas Legacy Advisors LLC now owns 1,048 shares of the industrial products company's stock valued at $612,000 after purchasing an additional 207 shares during the period. Inscription Capital LLC boosted its holdings in Caterpillar by 52.5% in the 4th quarter. Inscription Capital LLC now owns 3,131 shares of the industrial products company's stock valued at $1,793,000 after purchasing an additional 1,078 shares during the period. Finally, Lee Danner & Bass Inc. boosted its holdings in Caterpillar by 0.8% in the 4th quarter. Lee Danner & Bass Inc. now owns 36,370 shares of the industrial products company's stock valued at $20,835,000 after purchasing an additional 279 shares during the period. Institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CAT. Wolfe Research boosted their price objective on shares of Caterpillar from $670.00 to $750.00 and gave the company an "outperform" rating in a report on Tuesday, March 31st. CICC Research initiated coverage on shares of Caterpillar in a report on Friday, February 6th. They set an "outperform" rating for the company. Citigroup upped their price target on shares of Caterpillar from $785.00 to $905.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Rothschild & Co Redburn upped their price target on shares of Caterpillar from $650.00 to $700.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Finally, Truist Financial upped their price target on shares of Caterpillar from $786.00 to $920.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $767.77.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $830.59 on Monday. The company has a 50 day moving average of $740.91 and a 200-day moving average of $647.67. Caterpillar Inc. has a 1-year low of $302.17 and a 1-year high of $845.27. 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 company has a market cap of $386.46 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.95 and a beta of 1.52.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating the consensus estimate of $4.67 by $0.49. The business had revenue of $19.13 billion during the quarter, compared to the consensus estimate of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The firm's revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.14 EPS. As a group, equities research analysts forecast that Caterpillar Inc. will post 22.89 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.7%. Caterpillar's dividend payout ratio is presently 32.09%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Robert W. Baird upgraded CAT and raised its price target sharply (from $805 to $940), citing stronger fundamentals and boosting short‑term sentiment — this upgrade helped drive recent upside. Caterpillar NYSE: CAT Stock Price Up 3.3% Following Analyst Upgrade
• Positive Sentiment: Caterpillar reaffirmed its dividend (quarterly $1.51, paid May 19), supporting shareholder-return expectations and attracting income-focused investors. Caterpillar Inc. (CAT) Asserts Commitment to Shareholder Value Amid Management Change
• Positive Sentiment: Analysts and screens expect Caterpillar earnings to continue growing into the next report — that prospect of further earnings beats is a fundamental positive supporting the rally. Caterpillar (CAT) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Longer-term thematic coverage highlights CAT’s exposure to AI/data‑center power and automation, reframing the company beyond traditional heavy equipment and supporting a higher multiple for some investors. More Than Just Dirt: Caterpillar Is the AI Stock Nobody Saw Coming
• Neutral Sentiment: CFO Andrew Bonfield announced retirement in October; internal successor Kyle Epley will take over in May — management continuity reduces disruption risk, but any leadership change bears watching. Caterpillar (CAT) CFO Andrew Bonfield to Retire
• Neutral Sentiment: Several pieces call out the very strong short‑term run (30–90 day gains) and prompt a valuation check — this fuels both bullish momentum and investor caution about stretched multiples. Caterpillar (CAT) Valuation Check After A Strong Short Term Share Price Run
• Negative Sentiment: Morgan Stanley raised its numerical target slightly but kept an Underweight rating, signaling macro and cyclical downside risk to earnings that could pressure the stock if industrial demand softens. Morgan Stanley Ups Caterpillar (CAT) Target to $430, Flags Macro Risks to Earnings
• Negative Sentiment: Critical commentary and "avoid" pieces warn that the post‑earnings rally may have priced in too much growth — these narratives can accelerate profit‑taking by momentum traders. 3 Reasons to Avoid CAT and 1 Stock to Buy Instead

Insiders Place Their Bets

In related news, insider Rodney Michael Shurman sold 2,278 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the transaction, the insider owned 1,443 shares of the company's stock, valued at $1,096,117.23. This represents a 61.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lange Bob De sold 22,656 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the completion of the transaction, the insider directly owned 79,953 shares of the company's stock, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 125,950 shares of company stock worth $88,577,390 over the last 90 days. Insiders own 0.33% of the company's stock.

Caterpillar 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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