Schroder Investment Management Group Sells 31,985 Shares of Caterpillar Inc. $CAT

Key Points

• Schroder Investment Management Group cut its stake in Caterpillar by 5.5%, selling 31,985 shares in Q3 and now holds 551,500 shares valued at about $260.1 million (≈0.12% of the company).
• Insider selling has been notable recently: Anthony D. Fassino sold 10,671 shares (~$7.26M) and CEO Joseph E. Creed sold 2,500 shares (~$1.8M), with insiders offloading 135,950 shares worth $94.33M in the past 90 days and owning just 0.33% of the stock.
• Analysts remain broadly positive, raising price targets and leaving a consensus rating of "Moderate Buy" with an average target of $724.81 — including large uplifts from JPMorgan (to $860) and Bank of America (to $825).

Schroder Investment Management Group cut its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 551,500 shares of the industrial products company's stock after selling 31,985 shares during the period. Schroder Investment Management Group owned about 0.12% of Caterpillar worth $260,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CAT. Kilter Group LLC bought a new position in Caterpillar in the 2nd quarter worth about $27,000. Marquette Asset Management LLC raised its stake in shares of Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 53 shares in the last quarter. RiverPark Advisors LLC purchased a new stake in shares of Caterpillar in the second quarter valued at approximately $32,000. Joseph Group Capital Management bought a new position in Caterpillar in the third quarter worth approximately $32,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Caterpillar by 107.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 89 shares of the industrial products company's stock worth $35,000 after purchasing an additional 46 shares during the period. Institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of several research reports. Weiss Ratings reiterated a "buy (b)" rating on shares of Caterpillar in a report on Monday, December 29th. Rothschild & Co Redburn lifted their price objective on Caterpillar from $650.00 to $700.00 and gave the company a "neutral" rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $765.00 to $860.00 and gave the stock an "overweight" rating in a research note on Wednesday, March 4th. Bank of America raised their target price on shares of Caterpillar from $735.00 to $825.00 and gave the company a "buy" rating in a research report on Tuesday, February 10th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $677.00 price target on shares of Caterpillar in a research report on Monday, February 2nd. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $724.81.

Caterpillar Price Performance

CAT opened at $681.31 on Monday. The firm has a market capitalization of $317.01 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.53. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. The business's 50-day moving average is $681.47 and its two-hundred day moving average is $576.40. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 EPS for the quarter, beating 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 business had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the firm posted $5.14 earnings per share. The company's quarterly revenue was up 17.9% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, January 20th. Caterpillar's dividend payout ratio (DPR) is 32.09%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised price targets, signaling upside vs. the market: separate lifts to $817 and $825 increase the consensus upside narrative and support buy/outperform views. Price Target Raised to $817.00 Price Target Raised to $825.00
• Positive Sentiment: Company is pitching AI/autonomy and digital fleet tools at CONEXPO‑CON/AGG 2026 — a strategic push that markets view as positioning CAT as an industrial AI/autonomy play and a driver of higher‑margin services. Caterpillar Showcases AI Jobsite Tech
• Positive Sentiment: Product innovation: CAT introduced a heavy electric‑drive dozer using legacy mechanical/elec concepts — supports sustainability and mining/construction electrification demand. CAT electric drive dozer
• Positive Sentiment: Investor pieces highlighting long‑term demand (infrastructure, data‑center/power needs) and CAT’s AI/power exposure boost conviction among buy‑side readers. 3 Reasons to Buy Caterpillar Stock in 2026 Is This Industrial Giant an AI Play?
• Neutral Sentiment: Zacks / market‑edge coverage included CAT in a highlights piece — helpful for visibility but limited near‑term price impact on its own. Zacks Market Edge Highlights
• Neutral Sentiment: Viral PR (AI pickup image → real concept) is brand‑enhancing and free publicity but has minimal direct revenue effect. Caterpillar built a real pickup truck
• Negative Sentiment: Insider selling: CEO Joseph Creed sold 2,500 shares (≈$1.8M) — the disclosure triggered headlines and investor caution even if management says selling is routine. CEO Sells $1,797,325.00 in Stock
• Negative Sentiment: Immediate market reaction and profit‑taking: outlets linked the insider sale and elevated valuation to intraday selling (stock trading down), amplifying short‑term downside despite positive fundamentals. Trading Down Following Insider Selling

Insiders Place Their Bets

In other news, insider Anthony D. Fassino sold 10,671 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the transaction, the insider directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joseph E. Creed sold 2,500 shares of the 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 sale, the chief executive officer owned 35,083 shares of the company's stock, valued at approximately $25,222,221.19. This represents a 6.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is currently owned by company insiders.

About Caterpillar

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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