Sigma Investment Counselors Inc. Sells 3,444 Shares of Caterpillar Inc. $CAT

Key Points

• Sigma Investment Counselors cut its stake in Caterpillar by 13.6%, selling 3,444 shares and leaving 21,850 shares valued at about $12.52 million at the end of the quarter.
• Strong Q1 results — Caterpillar reported $5.54 EPS vs. $4.65 expected and $17.42B revenue (up 22.2% YoY), prompting analyst target increases and a stock rally (shares trading near $927; consensus target ≈ $890).
• Notable insider selling: insiders disposed of 55,375 shares (~$42.5M) in the last quarter (including CEO and other officers), even as institutional ownership remains high at ~71%.

Sigma Investment Counselors Inc. reduced its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,850 shares of the industrial products company's stock after selling 3,444 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in Caterpillar were worth $12,517,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CAT. Torren Management LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its position 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 valued at $28,000 after acquiring an additional 53 shares during the period. IFS Advisors LLC bought a new position in shares of Caterpillar in the fourth quarter valued at approximately $31,000. Joseph Group Capital Management bought a new position in shares of Caterpillar in the third quarter valued at approximately $32,000. Finally, Rialto Wealth Management LLC boosted its position in shares of Caterpillar by 47.4% in the fourth quarter. Rialto Wealth Management LLC now owns 56 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 18 shares during the period. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Up 2.5%

Shares of Caterpillar stock opened at $927.22 on Thursday. Caterpillar Inc. has a 1 year low of $318.11 and a 1 year high of $930.54. The firm has a market cap of $427.07 billion, a PE ratio of 46.15, a PEG ratio of 1.85 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81. The company has a 50 day simple moving average of $753.19 and a two-hundred day simple moving average of $662.31.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business's quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.25 EPS. Analysts expect that Caterpillar Inc. will post 23.84 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders 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 payout ratio is presently 30.06%.

Insider Transactions at Caterpillar

In other news, CEO Joseph E. Creed sold 2,500 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer directly owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason Kaiser sold 5,642 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the sale, the insider owned 9,594 shares of the company's stock, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 55,375 shares of company stock worth $42,494,287. Corporate insiders own 0.33% of the company's stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 results: Caterpillar reported solid top‑line and margin beats and big construction equipment revenue growth, giving investors confidence in near‑term demand and backlog expansion. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
• Positive Sentiment: Analyst target lifts: Multiple shops boosted their targets (Argus to $990; HSBC raised its target as well), providing fresh buy‑side ammunition and supporting higher valuations. Argus Raises Caterpillar NYSE: CAT Price Target to $990.00 HSBC Raises Caterpillar Price Target to $1,100
• Positive Sentiment: AI / data‑center power narrative: Coverage framing CAT as an AI‑infrastructure beneficiary (generators, power systems, onsite electrification) is driving incremental demand expectations and momentum buying. Industrial-Strength Rally: Why Caterpillar Is Up 53%...
• Positive Sentiment: Order visibility: Third‑party notes on supplier/peer dynamics (Archrock) point to much longer lead times — a signal that equipment and power demand are sustained. Longer lead times support pricing power and future revenue. Archrock reaffirms outlook as Caterpillar lead times near 160
• Positive Sentiment: Commercial wins & product traction: New deployments of CAT autonomy and power solutions (e.g., Carmeuse deal) show product diversification and aftermarket / technology monetization potential. Carmeuse selects Caterpillar’s autonomous hauling solution
• Positive Sentiment: Insider support: A director added shares (modest buy), which is a small but constructive insider signal. SEC filing: Director purchase
• Neutral Sentiment: Mixed analyst posture: Some firms (DA Davidson) raised targets after the quarter but kept Neutral ratings, indicating disagreement on how much upside is left versus the premium valuation. DA Davidson Raises Caterpillar (CAT) Target Following Better-Than-Expected Quarter
• Neutral Sentiment: Attention/volatility: Heavy media coverage and elevated options interest are amplifying near‑term moves but do not by themselves change fundamentals. Do Options Traders Know Something About Caterpillar Stock?
• Negative Sentiment: Insider sales: Two insiders disclosed sizable share sales (one trimmed ~37%, another sold >5,600 shares), which some investors may interpret as profit‑taking and a modest caution flag. SEC filing: Insider sale SEC filing: Insider sale (Shurman)

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research report on Saturday, May 2nd. Royal Bank Of Canada lifted their target price on shares of Caterpillar from $587.00 to $658.00 and gave the company a "sector perform" rating in a research report on Friday, January 30th. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the company an "outperform" rating in a research report on Friday, May 1st. DA Davidson lifted their target price on shares of Caterpillar from $650.00 to $845.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Williams Trading set a $825.00 target price on shares of Caterpillar in a research report on Tuesday, March 10th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $890.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.