Highland Capital Management LLC Boosts Holdings in Caterpillar Inc. $CAT

Key Points

• Highland Capital Management raised its stake in Caterpillar by 21.1% in Q4, owning 19,404 shares valued at about $11.12 million per its latest 13F filing.
• Caterpillar beat Q1 estimates, reporting $5.54 EPS vs. $4.65 expected and $17.42 billion in revenue, prompting multiple analyst price‑target increases and bullish coverage.
• Company insiders have been net sellers recently — the CEO sold 2,500 shares and another insider sold 2,278 shares, with insiders selling 60,164 shares worth roughly $43.7 million over the past 90 days.

Highland Capital Management LLC increased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,404 shares of the industrial products company's stock after purchasing an additional 3,376 shares during the period. Highland Capital Management LLC's holdings in Caterpillar were worth $11,116,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Torren Management LLC bought a new stake in Caterpillar in the 4th quarter worth approximately $27,000. IFS Advisors LLC bought a new stake in Caterpillar in the 4th quarter worth approximately $31,000. Rialto Wealth Management LLC increased its stake 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 acquiring an additional 18 shares during the last quarter. Marquette Asset Management LLC increased its stake 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 acquiring an additional 53 shares during the last quarter. Finally, Noble Wealth Management PBC increased its stake 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 acquiring an additional 35 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Caterpillar news, insider Rodney Michael Shurman sold 2,278 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following 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 legal filing with the SEC, which is available through this hyperlink. Also, CEO Joseph E. Creed sold 2,500 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $718.93, for a total value of $1,797,325.00. Following the completion of the transaction, the chief executive officer directly owned 35,083 shares in the company, valued at $25,222,221.19. This trade represents a 6.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 60,164 shares of company stock worth $43,748,068 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

Caterpillar Stock Performance

NYSE CAT opened at $874.72 on Tuesday. The company has a market cap of $407.00 billion, a P/E ratio of 43.54, a P/E/G ratio of 2.04 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The business's 50 day moving average price is $746.86 and its 200-day moving average price is $656.99. Caterpillar Inc. has a fifty-two week low of $318.11 and a fifty-two week high of $905.00.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.25 EPS. Sell-side analysts predict that Caterpillar Inc. will post 23.08 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be given a $1.51 dividend. This represents a $6.04 annualized dividend 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%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue upside underpin the rally — Caterpillar topped Q1 estimates, reporting strong EPS and revenue growth that helped drive the recent surge. 5 Mega-Cap Stocks That Beat Q1 2026 Earnings and Are Still Climbing (CAT)
• Positive Sentiment: Multiple broker price-target lifts — Major firms (Jefferies, BofA, Daiwa and others) have raised targets — Jefferies to $1,045 and BofA to $930 — signaling sustained analyst confidence in upside from energy and infrastructure exposure. Jefferies Financial Group Increases Caterpillar NYSE: CAT Price Target to $1,045.00
• Positive Sentiment: BofA highlights energy-driven upside and AI/data-center demand — Analysts point to energy capex and the data-center buildout as key demand drivers for machines and power systems. BofA Highlights Energy Growth Driving Caterpillar (CAT) Upside
• Positive Sentiment: High-profile media attention on AI exposure — Jim Cramer and other outlets note Caterpillar is benefiting from data-center build-outs, reinforcing the narrative that CAT is tied to AI infrastructure spending. Jim Cramer Makes Big Revelation About Caterpillar (CAT) & Hedge Funds
• Positive Sentiment: Product/ESG momentum — Caterpillar’s electric power unit is powering a new zero-emission separator showcased at IFAT 2026, highlighting progress on electrification and sustainability offerings. Caterpillar’s electric power unit powers new zero-emission separator at IFAT 2026
• Neutral Sentiment: Options-market activity raises questions — Elevated options flow has attracted attention; this could signal speculative positioning or hedging around earnings/targets, so watch implied vol and large trades. Do Options Traders Know Something About Caterpillar Stock We Don't?
• Neutral Sentiment: Market commentators counsel caution despite the rally — Coverage pieces note a massive 12‑month return and some analysts recommend “hold” given stretched gains and near-term consolidation risk. Caterpillar Surges 190%—Analysts Say Hold for Now
• Negative Sentiment: Some analysts maintain conservative stances — DA Davidson bumped its target to $845 but kept a neutral rating, implying limited near-term upside from their view and reflecting valuation caution after the run. DA Davidson adjusts price target on Caterpillar to $845 from $650, maintains neutral rating

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CAT shares. CICC Research started coverage on Caterpillar in a research note on Friday, February 6th. They issued an "outperform" rating on the stock. Royal Bank Of Canada lifted their price objective on Caterpillar from $587.00 to $658.00 and gave the stock a "sector perform" rating in a research note on Friday, January 30th. Raymond James Financial reaffirmed a "market perform" rating on shares of Caterpillar in a research note on Wednesday, January 7th. Daiwa Securities Group lifted their price objective on Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Caterpillar from $860.00 to $1,125.00 and gave the company an "overweight" rating in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and a consensus price target of $871.18.

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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