HITE Hedge Asset Management LLC Has $8.74 Million Stake in Caterpillar Inc. $CAT

Key Points

• HITE Hedge Asset Management trimmed its position in Caterpillar by 39.6% in Q3, selling 12,030 shares and leaving a holding of 18,322 shares worth about $8.74 million.
• Significant insider selling has occurred recently — Anthony Fassino sold 10,671 shares (~$7.26M) and CFO Andrew Bonfield sold 10,000 shares (~$5.75M), with insiders offloading 135,950 shares (~$94.33M) over the last 90 days (insiders now own ~0.33%).
• Bullish analyst actions and commercial wins — several firms raised price targets (Bank of America to $825, consensus target ~$730.50) and Caterpillar secured a ~1.4 GW power-generation deal with Atlas (~$840M), underpinning positive sentiment alongside product/service initiatives like Cat Rentals AI and telematics.

HITE Hedge Asset Management LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 39.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,322 shares of the industrial products company's stock after selling 12,030 shares during the period. HITE Hedge Asset Management LLC's holdings in Caterpillar were worth $8,742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Marquette Asset Management LLC grew its holdings in shares of 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 purchasing an additional 53 shares during the last quarter. Joseph Group Capital Management acquired a new position in Caterpillar in the third quarter valued at about $32,000. Kilter Group LLC bought a new stake in Caterpillar during the second quarter worth about $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Caterpillar during the third quarter worth approximately $35,000. Finally, RiverPark Advisors LLC bought a new position in shares of Caterpillar in the second quarter valued at approximately $32,000. 70.98% of the stock is owned by institutional investors.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Citi raised its price target to $785 (from $760) and reiterated a Buy, citing strong U.S. construction demand shown at ConExpo — a validation of near-term equipment demand and a direct bullish signal for CAT shares. Article Title
• Positive Sentiment: Analyst upgrades (multiple outlets) have lifted the stock in recent sessions, reflecting improved sell-side conviction on growth and dividends. Upgrades can attract investor inflows and support the price. Article Title
• Positive Sentiment: Caterpillar signed a Global Framework Agreement to supply Atlas Energy Solutions with ~1.4 GW of power generation assets (~$840M) for 2027–2029 — a substantial multi-year order that diversifies revenue into power solutions and supports longer-term backlog and revenue visibility. Article Title
• Positive Sentiment: Cat Rentals brand refresh adds Cat AI Assistant and expanded telematics — this digital push can increase rental utilization, attach higher-margin services, and improve recurring service revenue and margins over time. Investors view services/telemetry as margin-accretive. Article Title
• Positive Sentiment: Oppenheimer and other analysts highlight an “AI-infused” industrial cycle (machines, power, physical AI) where Caterpillar is a beneficiary — a thematic tailwind that supports higher multiple / long-term demand for equipment and power infrastructure. Article Title
• Neutral Sentiment: Market note: recent data points and headlines show day-to-day volatility — e.g., reports that CAT “suffered a larger drop than the market” are descriptive of trading action but don’t change the underlying order/margin catalysts. Article Title
• Negative Sentiment: Broader market selloff (Dow fell sharply) is weighing on CAT today — macro-driven risk-off and concerns about financials/interest rates dragged industrial names, prompting the intraday decline despite company-level positives. Article Title

Insider Buying and Selling

In other Caterpillar news, insider Anthony D. Fassino sold 10,671 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $680.45, for a total value of $7,261,081.95. Following the transaction, the insider owned 41,151 shares of the company's stock, valued at approximately $28,001,197.95. This represents a 20.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm's stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total value of $5,750,600.00. Following the transaction, the chief financial officer owned 45,460 shares in the company, valued at approximately $26,142,227.60. This trade represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 135,950 shares of company stock worth $94,327,990 over the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CAT. Raymond James Financial reissued a "market perform" rating on shares of Caterpillar in a report on Wednesday, January 7th. Daiwa Securities Group boosted their price objective on Caterpillar from $640.00 to $790.00 in a research note on Wednesday, February 25th. Sanford C. Bernstein restated a "market perform" rating and set a $678.00 target price on shares of Caterpillar in a report on Friday, January 30th. Truist Financial lifted their price target on Caterpillar from $729.00 to $786.00 and gave the company a "buy" rating in a report on Monday, February 2nd. Finally, Bank of America upped their price target on shares of Caterpillar from $735.00 to $825.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $730.50.

Caterpillar Stock Performance

Caterpillar stock opened at $700.55 on Friday. The company has a market cap of $325.96 billion, a PE ratio of 37.22, a PEG ratio of 1.67 and a beta of 1.54. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81. The company's 50-day moving average is $692.00 and its two-hundred day moving average is $582.12.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The company had revenue of $19.13 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company earned $5.14 EPS. Caterpillar's revenue was up 17.9% on a year-over-year basis. Equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

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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