Groupama Asset Managment Decreases Stake in Caterpillar Inc. $CAT

Key Points

• Groupama Asset Managment cut its Caterpillar stake by 24.4% in the fourth quarter, selling 3,948 shares and ending with 12,237 shares worth about $7.0 million.
• Caterpillar reported strong quarterly results, with EPS of $5.54 beating estimates and revenue of $17.41 billion, up 22.2% from a year ago.
• The company also raised its quarterly dividend to $1.63 per share, while analysts currently view the stock as a Moderate Buy with an average price target of $935.09.

Groupama Asset Managment reduced its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 24.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,237 shares of the industrial products company's stock after selling 3,948 shares during the period. Groupama Asset Managment's holdings in Caterpillar were worth $7,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Caterpillar by 3,949.8% during the 3rd 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 purchasing an additional 5,098,964 shares during the last quarter. Capital International Investors purchased a new position in shares of Caterpillar in the fourth quarter worth about $1,225,317,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Caterpillar by 573.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after purchasing an additional 1,281,087 shares during the period. Bank of America Corp DE boosted its position in Caterpillar by 16.0% in the fourth quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock valued at $3,860,457,000 after buying an additional 928,974 shares during the last quarter. Finally, Cynosure Group LLC increased its holdings in Caterpillar by 8,359.6% in the 4th quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock worth $294,314,000 after buying an additional 507,681 shares during the period. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was highlighted by Zacks as one of five non-tech “wide moat” stocks to own for a stable second half of 2026, reinforcing the view that CAT has durable competitive advantages and can be a defensive portfolio holding. Article Title
• Positive Sentiment: Multiple articles noted that CAT was one of the day’s top industrial stocks to watch and an outperforming Dow name, which can attract momentum buyers and support the shares. Article Title
• Positive Sentiment: Recent coverage emphasized Caterpillar’s strong earnings-based run, with the stock rising sharply on heavier-than-average volume after investors reacted favorably to its latest results and bullish price action. Article Title
• Neutral Sentiment: Analyst commentary said CAT remains a “Moderate Buy,” which supports sentiment but does not by itself add a new catalyst. Article Title
• Negative Sentiment: One Zacks note warned that earnings estimate revisions may not support continued near-term gains, suggesting the stock could face some consolidation after its recent surge. Article Title

Insider Activity

In other Caterpillar news, CAO William E. Schaupp sold 360 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total transaction of $326,160.00. Following the transaction, the chief accounting officer owned 530 shares in the company, valued at approximately $480,180. This represents a 40.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Denise C. Johnson sold 12,605 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the sale, the insider directly owned 49,825 shares in the company, valued at approximately $45,236,615.75. The trade was a 20.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on CAT shares. Williams Trading set a $825.00 price objective on shares of Caterpillar in a research note on Tuesday, March 10th. Argus raised their target price on shares of Caterpillar from $820.00 to $990.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the company an "outperform" rating in a research report on Friday, May 1st. UBS Group reaffirmed a "neutral" rating and issued a $900.00 price target on shares of Caterpillar in a report on Tuesday, June 2nd. Finally, Sanford C. Bernstein lifted their price objective on Caterpillar from $769.00 to $879.00 and gave the company a "market perform" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Caterpillar currently has a consensus rating of "Moderate Buy" and an average target price of $935.09.

Caterpillar Price Performance

NYSE:CAT opened at $987.79 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. The company has a 50 day moving average price of $875.06 and a 200-day moving average price of $740.37. Caterpillar Inc. has a 1-year low of $357.73 and a 1-year high of $994.49. The firm has a market cap of $454.97 billion, a price-to-earnings ratio of 49.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. The firm 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 quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.25 earnings per share. Equities research analysts forecast 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. Stockholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio is currently 30.06%.

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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