Horizon Investments LLC Acquires 4,816 Shares of Caterpillar Inc. $CAT

Key Points

• Horizon Investments increased its stake in Caterpillar by 27.7%, buying 4,816 shares to hold 22,179 shares valued at about $12.68 million, and institutional investors now own roughly 70.98% of the stock.
• Caterpillar beat Q1 expectations with $5.54 EPS (vs. $4.65 est.) and $17.42B revenue, reported a record backlog driven by construction and AI/data‑center power demand, prompting multiple analyst upgrades and significantly higher price targets.
• Management warned of sizable tariff costs for 2026 (estimated at $2.2B–$2.4B) that could pressure margins, while the company announced a $1.51 quarterly dividend (annualized $6.04, ~0.7% yield).

Horizon Investments LLC increased its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,179 shares of the industrial products company's stock after buying an additional 4,816 shares during the period. Horizon Investments LLC's holdings in Caterpillar were worth $12,676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAT. Torren Management LLC bought a new stake in shares of Caterpillar in the 4th quarter valued at about $27,000. IFS Advisors LLC bought a new position in shares of Caterpillar during the fourth quarter worth about $31,000. Rialto Wealth Management LLC raised its position in shares of Caterpillar by 47.4% during the fourth 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 lifted its stake in shares of Caterpillar by 1,060.0% in the third 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 period. Finally, Noble Wealth Management PBC boosted its holdings in Caterpillar by 140.0% in the fourth quarter. Noble Wealth Management PBC now owns 60 shares of the industrial products company's stock valued at $34,000 after acquiring an additional 35 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Performance

Shares of CAT opened at $890.15 on Friday. Caterpillar Inc. has a one year low of $318.11 and a one year high of $905.00. The company has a market cap of $414.18 billion, a PE ratio of 47.30, a P/E/G ratio of 2.05 and a beta of 1.63. The stock has a 50-day moving average of $746.86 and a 200-day moving average of $655.04. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.94.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly 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. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same period in the prior year, the business earned $4.25 EPS. The firm's revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities research analysts predict that Caterpillar Inc. will post 22.89 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is currently 32.09%.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar beat Q1 revenue and EPS expectations and reported a record backlog, driven by higher volume and pricing across construction and power systems — a core reason the stock rallied after earnings. Caterpillar expects AI-driven demand for power, construction to fuel growth — Reuters
• Positive Sentiment: Analysts sharply raised price targets and upgraded ratings (JPMorgan, Jefferies, Wells Fargo, Baird, Citigroup, Morgan Stanley among others), signaling renewed street confidence and creating upward momentum for the stock. Morgan Stanley Doubles Price Target to $915 — 247WallSt
• Positive Sentiment: Demand tied to AI/data-center buildouts is boosting Cat’s power and energy backlog; management is raising 2030 targets and plans to roughly triple power-generation capacity, which supports a multi-year growth runway beyond cyclical construction. Caterpillar to triple power generation capacity — Yahoo Finance
• Positive Sentiment: Market narrative has shifted: short interest and skeptical bears are receding as the AI-power story gains traction, amplifying upside as skeptics fold. Caterpillar’s biggest bear folds as AI power demand soars — Mining.com
• Positive Sentiment: Strategic partnerships (e.g., framework with ProPetro’s PROPWR) and large supply agreements for data-center and industrial power strengthen the revenue mix in higher-margin power systems. Caterpillar taps PROPWR and data centers — Yahoo Finance
• Neutral Sentiment: Technical momentum is strong (IBD composite rating surged toward the top of the universe) and the company announced a virtual annual shareholder meeting; these are market-interest and governance items rather than direct catalysts. IBD Composite Rating Surges — Yahoo/IBD
• Negative Sentiment: Management warned of significant tariff costs for 2026 — a $2.2B–$2.4B range — that will pressure margins and partially offset revenue strength; investors should watch margin trends and any changes to the tariff outlook. Caterpillar signals tariff cost range and 2026 sales growth — Seeking Alpha

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Rothschild & Co Redburn raised their price target on shares of Caterpillar from $650.00 to $700.00 and gave the stock a "neutral" rating in a report on Wednesday, February 4th. Bank of America upped their price objective on shares of Caterpillar from $735.00 to $825.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. HSBC increased their price objective on shares of Caterpillar from $660.00 to $850.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Citigroup boosted their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a "buy" rating in a report on Friday. Finally, Wells Fargo & Company upped their price target on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an "overweight" rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Caterpillar has an average rating of "Moderate Buy" and an average price target of $854.86.

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of the business's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the completion of the sale, the chief accounting officer owned 824 shares in the company, valued at approximately $629,700.80. The trade was a 54.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joseph E. Creed sold 2,500 shares of the company's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the transaction, the chief executive officer owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was 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 125,950 shares of company stock worth $88,577,390 in the last quarter. Insiders own 0.33% of the company's stock.

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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