Generali Asset Management SPA SGR Grows Stock Holdings in Caterpillar Inc. $CAT

Key Points

• Generali Asset Management increased its Caterpillar stake by 8.5% in the fourth quarter, bringing its holdings to 46,526 shares worth about $26.7 million.
• Institutional investors remain heavily involved in Caterpillar, with several large funds increasing positions and 70.98% of the stock now held by hedge funds and other institutional investors.
• Caterpillar reported a strong quarter, beating earnings and revenue expectations, while analysts have generally turned more positive with a Moderate Buy consensus and an average price target of $890.27.

Generali Asset Management SPA SGR grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,526 shares of the industrial products company's stock after purchasing an additional 3,637 shares during the period. Generali Asset Management SPA SGR's holdings in Caterpillar were worth $26,653,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company's stock valued at $2,494,568,000 after acquiring an additional 5,098,964 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Caterpillar by 1,851.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company's stock valued at $873,382,000 after acquiring an additional 1,736,631 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Caterpillar by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company's stock valued at $1,695,757,000 after acquiring an additional 609,023 shares in the last quarter. Amundi increased its position in shares of Caterpillar by 24.3% during the third quarter. Amundi now owns 2,375,710 shares of the industrial products company's stock valued at $1,176,870,000 after acquiring an additional 464,036 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Caterpillar by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company's stock valued at $26,572,681,000 after acquiring an additional 442,164 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CAT. Wall Street Zen raised shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Morgan Stanley set a $915.00 target price on shares of Caterpillar and gave the stock an "equal weight" rating in a report on Friday, May 1st. Williams Trading set a $825.00 price target on shares of Caterpillar in a research note on Tuesday, March 10th. Finally, Wolfe Research upped their target price on shares of Caterpillar from $670.00 to $750.00 and gave the company an "outperform" rating in a research report on Tuesday, March 31st. Sixteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $890.27.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 5,642 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $883.03, for a total value of $4,982,055.26. Following the sale, the insider directly owned 9,594 shares of the company's stock, valued at $8,471,789.82. This represents a 37.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anthony D. Fassino sold 9,152 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $926.25, for a total transaction of $8,477,040.00. Following the completion of the transaction, the insider owned 46,041 shares in the company, valued at $42,645,476.25. This represents a 16.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,734 shares of company stock worth $67,054,613 over the last three months. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Performance

Caterpillar stock opened at $896.03 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. Caterpillar Inc. has a 1-year low of $322.90 and a 1-year high of $931.35. The firm has a market capitalization of $412.70 billion, a P/E ratio of 44.60, a price-to-earnings-growth ratio of 1.88 and a beta of 1.63. The company's 50-day moving average is $755.75 and its 200 day moving average is $664.91.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period in the prior year, the company posted $4.25 EPS. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 23.97 EPS for the current year.

Caterpillar Announces Dividend

The company 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 $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar's dividend payout ratio is 30.06%.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue strength: Caterpillar reported better‑than‑expected Q1 EPS and a ~38% jump in construction equipment revenue, reinforcing demand/backlog visibility and supporting the rally. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
• Positive Sentiment: Analyst target lifts: Several firms raised targets (Argus, HSBC and others), giving investors fresh valuation support and a rationale for continued buying. Argus Raises Caterpillar Price Target HSBC Raises Caterpillar Price Target
• Positive Sentiment: New demand narrative (AI/data‑center power): Media coverage is framing CAT as a beneficiary of data‑center and AI infrastructure (generators, electrification), expanding perceived end markets beyond traditional cyclical construction/mining. Industrial-Strength Rally: Why Caterpillar Is Up 53%...
• Positive Sentiment: Order/lead‑time signal: Supplier/peer notes (Archrock) point to extended lead times for equipment, implying sustained demand and pricing power ahead. Archrock reaffirms outlook as Caterpillar lead times near 160
• Positive Sentiment: Commercial traction & director buy: Wins for CAT autonomy and power products (e.g., Carmeuse) plus a small director purchase are additional constructive signals for diversification and insider confidence. Carmeuse selects Caterpillar’s autonomous hauling solution Director purchase SEC filing
• Neutral Sentiment: Mixed analyst stance & valuation: Some shops raised targets but kept Neutral ratings, reflecting debate about upside vs. a high multiple after the run. DA Davidson Raises Caterpillar Target
• Neutral Sentiment: Volatility/attention: Heavy media coverage and elevated options activity are amplifying intraday moves but don’t alter the company’s fundamentals. Options activity coverage
• Neutral Sentiment: Corporate PR / workforce initiative: Caterpillar opened registration for a global innovation challenge as part of a workforce pledge—positive for branding but unlikely to move near‑term revenue materially. Caterpillar Opens Registration for Global Innovation Challenge
• Negative Sentiment: Significant insider selling: Multiple insiders — including CFO Andrew Bonfield and other senior officers — disclosed large sales (multi‑million dollar blocks and double‑digit % position trims), which can trigger profit‑taking and weigh on sentiment despite strong fundamentals. CFO insider sale SEC filing Insider sale (Shurman) SEC filing

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.

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.