Fort Washington Investment Advisors Inc. OH Sells 14,494 Shares of Caterpillar Inc. $CAT

Key Points

• Fort Washington Investment Advisors cut its Caterpillar stake by 12.6% in Q1, selling 14,494 shares and leaving it with 100,672 shares valued at about $71.3 million.
• Caterpillar’s recent earnings were strong, with Q1 EPS of $5.54 beating estimates and revenue of $17.41 billion topping expectations; revenue rose 22.2% year over year.
• Analyst sentiment remains constructive: several firms raised or maintained favorable targets, and MarketBeat reports a consensus rating of Moderate Buy with an average price target of $941.45, while the company also increased its quarterly dividend to $1.63 per share.

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,672 shares of the industrial products company's stock after selling 14,494 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Caterpillar were worth $71,322,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CAT. Axxcess Wealth Management LLC boosted its stake in Caterpillar by 2.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company's stock worth $12,844,000 after purchasing an additional 604 shares during the period. Juno Financial Group LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at about $877,000. ARK Investment Management LLC lifted its holdings in shares of Caterpillar by 11.7% in the third quarter. ARK Investment Management LLC now owns 31,144 shares of the industrial products company's stock valued at $14,860,000 after purchasing an additional 3,268 shares in the last quarter. Gotham Asset Management LLC boosted its position in shares of Caterpillar by 19.1% during the third quarter. Gotham Asset Management LLC now owns 116,589 shares of the industrial products company's stock worth $55,630,000 after buying an additional 18,676 shares during the period. Finally, Cornerstone Planning LLC acquired a new position in shares of Caterpillar during the fourth quarter worth about $4,517,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the company's stock in a transaction 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 transaction, the insider directly owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Denise C. Johnson sold 12,605 shares of the firm's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the sale, the insider owned 49,825 shares of the company's stock, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 95,773 shares of company stock valued at $87,642,635. 0.33% of the stock is owned by company insiders.

Trending Headlines about 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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CAT. DA Davidson lifted their target price on Caterpillar from $650.00 to $845.00 and gave the company a "neutral" rating in a research report on Monday, May 4th. UBS Group reaffirmed a "neutral" rating and set a $900.00 price target on shares of Caterpillar in a research note on Tuesday, June 2nd. Zacks Research upgraded shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Monday, June 8th. Morgan Stanley set a $915.00 price objective on shares of Caterpillar and gave the stock an "equal weight" rating in a research report on Friday, May 1st. Finally, Wolfe Research increased their target price on shares of Caterpillar from $670.00 to $750.00 and gave the stock an "outperform" rating in a report on Tuesday, March 31st. 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 company's stock. According to MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $941.45.

Caterpillar Trading Down 5.7%

NYSE CAT opened at $996.73 on Friday. Caterpillar Inc. has a 12 month low of $382.75 and a 12 month high of $1,057.07. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The stock has a 50 day moving average of $897.41 and a 200-day moving average of $755.09. The company has a market cap of $459.08 billion, a PE ratio of 49.61, a PEG ratio of 1.97 and a beta of 1.59.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.25 earnings per share. On average, equities research analysts anticipate that Caterpillar Inc. will post 24.66 EPS for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend 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%.

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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