PNC Financial Services Group Inc. Sells 11,367 Shares of Caterpillar Inc. $CAT

Key Points

• PNC Financial Services Group trimmed its Caterpillar stake by 3.2% in the fourth quarter, selling 11,367 shares and leaving it with 347,360 shares valued at about $199 million.
• Caterpillar posted strong quarterly results, reporting EPS of $5.54 and revenue of $17.42 billion, both above Wall Street estimates, with revenue up 22.2% year over year.
• Analysts remain bullish overall, with multiple firms raising price targets and Caterpillar carrying a consensus rating of “Moderate Buy” and a target price of $923.14.

PNC Financial Services Group Inc. cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 347,360 shares of the industrial products company's stock after selling 11,367 shares during the quarter. PNC Financial Services Group Inc. owned about 0.07% of Caterpillar worth $198,992,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Plancorp LLC increased its holdings in shares of Caterpillar by 0.5% during the fourth quarter. Plancorp LLC now owns 2,777 shares of the industrial products company's stock valued at $1,591,000 after acquiring an additional 15 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Caterpillar by 2.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company's stock valued at $390,000 after acquiring an additional 16 shares in the last quarter. Security Financial Services INC. increased its holdings in shares of Caterpillar by 0.4% during the fourth quarter. Security Financial Services INC. now owns 3,609 shares of the industrial products company's stock valued at $2,068,000 after acquiring an additional 16 shares in the last quarter. Purus Wealth Management LLC boosted its position in shares of Caterpillar by 0.5% during the fourth quarter. Purus Wealth Management LLC now owns 3,018 shares of the industrial products company's stock valued at $1,729,000 after buying an additional 16 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its position in shares of Caterpillar by 27.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 75 shares of the industrial products company's stock valued at $43,000 after buying an additional 16 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Zacks Research raised multiple Caterpillar earnings forecasts across 2026, 2027 and 2028, signaling stronger expected profitability and supporting a higher valuation for the stock.
• Positive Sentiment: Analysts also increased Caterpillar’s long-term fair value and price targets, reflecting improving growth expectations and suggesting Wall Street sees more upside than before.
• Positive Sentiment: Jim Cramer said Caterpillar is “integral to data center construction,” highlighting a new demand driver tied to AI infrastructure buildout, which could broaden the company’s growth narrative. Article Title
• Positive Sentiment: The company’s “Building Beyond” internship coverage spotlighted Caterpillar’s use of new AI, reinforcing investor interest in its technology and workforce development efforts. Article Title
• Neutral Sentiment: Caterpillar was mentioned in several stock-screening and watchlist articles for industrial, mining, and construction names, which adds visibility but does not by itself change fundamentals.
• Negative Sentiment: One story noted concerns around workforce and tariff issues at a Caterpillar-related facility, which could be a mild headwind if trade or labor costs intensify. Article Title

Caterpillar Trading Up 1.6%

Shares of NYSE:CAT opened at $873.91 on Thursday. The stock has a market capitalization of $402.52 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 1.70 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 stock's 50-day simple moving average is $785.30 and its two-hundred day simple moving average is $687.48. Caterpillar Inc. has a 52-week low of $336.24 and a 52-week high of $931.35.

Caterpillar (NYSE:CAT - Get Free Report) last announced its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion for the quarter, compared to analysts' expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The business's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm posted $4.25 earnings per share. Analysts expect that Caterpillar Inc. will post 24.67 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were 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 was Monday, April 20th. Caterpillar's dividend payout ratio (DPR) is presently 30.06%.

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 16,283 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the transaction, the insider owned 46,041 shares of the company's stock, valued at $42,210,388.80. This trade represents a 26.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jason Kaiser sold 5,642 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares in the company, valued at $8,471,789.82. This trade represents a 37.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 100,551 shares of company stock valued at $91,170,351. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada increased their price objective on Caterpillar from $587.00 to $658.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. Argus increased their price objective on Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Bank of America increased their price objective on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Morgan Stanley set a $915.00 price objective on Caterpillar and gave the company an "equal weight" rating in a research report on Friday, May 1st. Finally, Truist Financial set a $1,043.00 price objective on Caterpillar in a research report on Friday, May 1st. Sixteen investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $923.14.

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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