Truist Financial Corp Sells 3,049 Shares of Caterpillar Inc. $CAT

Key Points

• Truist Financial reduced its stake in Caterpillar by 1.4%, selling 3,049 shares and now holds 211,449 shares valued at approximately $121.13 million.
• Caterpillar beat Q1 estimates with $5.54 EPS versus $4.65 expected and $17.42 billion in revenue, prompting multiple broker price-target raises and an average MarketBeat target near $871.
• Insiders sold heavily this quarter—60,164 shares worth about $43.75 million (including sales by CEO Joseph Creed and Rodney Shurman)—while institutional investors own roughly 71% of the stock.

Truist Financial Corp lessened its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,449 shares of the industrial products company's stock after selling 3,049 shares during the period. Truist Financial Corp's holdings in Caterpillar were worth $121,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Torren Management LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at approximately $27,000. Marquette Asset Management LLC boosted its position in shares of Caterpillar by 1,060.0% during the 3rd 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 in the last quarter. IFS Advisors LLC bought a new position in Caterpillar in the fourth quarter valued at approximately $31,000. Joseph Group Capital Management acquired a new position in Caterpillar during the third quarter valued at approximately $32,000. Finally, Rialto Wealth Management LLC lifted its stake in 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 purchasing an additional 18 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CAT has been the topic of a number of research analyst reports. Bank of America raised their target price on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on Caterpillar from $860.00 to $1,125.00 and gave the stock an "overweight" rating in a research report on Friday. Oppenheimer set a $980.00 price objective on Caterpillar and gave the company an "outperform" rating in a research note on Friday. CICC Research started coverage on Caterpillar in a research report on Friday, February 6th. They issued an "outperform" rating on the stock. Finally, Sanford C. Bernstein increased their target price on shares of Caterpillar from $769.00 to $879.00 and gave the stock a "market perform" rating in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $871.18.

Insiders Place Their Bets

In other Caterpillar news, insider Rodney Michael Shurman sold 2,278 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the transaction, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. This represents a 61.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joseph E. Creed sold 2,500 shares of the firm's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the transaction, the chief executive officer directly owned 35,083 shares of the company's stock, valued at $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 60,164 shares of company stock worth $43,748,068 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue upside underpin the rally — Caterpillar topped Q1 estimates, reporting strong EPS and revenue growth that helped drive the recent surge. 5 Mega-Cap Stocks That Beat Q1 2026 Earnings and Are Still Climbing (CAT)
• Positive Sentiment: Multiple broker price-target lifts — Major firms (Jefferies, BofA, Daiwa and others) have raised targets — Jefferies to $1,045 and BofA to $930 — signaling sustained analyst confidence in upside from energy and infrastructure exposure. Jefferies Financial Group Increases Caterpillar NYSE: CAT Price Target to $1,045.00
• Positive Sentiment: BofA highlights energy-driven upside and AI/data-center demand — Analysts point to energy capex and the data-center buildout as key demand drivers for machines and power systems. BofA Highlights Energy Growth Driving Caterpillar (CAT) Upside
• Positive Sentiment: High-profile media attention on AI exposure — Jim Cramer and other outlets note Caterpillar is benefiting from data-center build-outs, reinforcing the narrative that CAT is tied to AI infrastructure spending. Jim Cramer Makes Big Revelation About Caterpillar (CAT) & Hedge Funds
• Positive Sentiment: Product/ESG momentum — Caterpillar’s electric power unit is powering a new zero-emission separator showcased at IFAT 2026, highlighting progress on electrification and sustainability offerings. Caterpillar’s electric power unit powers new zero-emission separator at IFAT 2026
• Neutral Sentiment: Options-market activity raises questions — Elevated options flow has attracted attention; this could signal speculative positioning or hedging around earnings/targets, so watch implied vol and large trades. Do Options Traders Know Something About Caterpillar Stock We Don't?
• Neutral Sentiment: Market commentators counsel caution despite the rally — Coverage pieces note a massive 12‑month return and some analysts recommend “hold” given stretched gains and near-term consolidation risk. Caterpillar Surges 190%—Analysts Say Hold for Now
• Negative Sentiment: Some analysts maintain conservative stances — DA Davidson bumped its target to $845 but kept a neutral rating, implying limited near-term upside from their view and reflecting valuation caution after the run. DA Davidson adjusts price target on Caterpillar to $845 from $650, maintains neutral rating

Caterpillar Stock Down 1.7%

Shares of CAT opened at $874.72 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a 52 week low of $318.11 and a 52 week high of $905.00. The stock has a market capitalization of $407.00 billion, a price-to-earnings ratio of 43.54, a PEG ratio of 2.04 and a beta of 1.63. The stock has a fifty day moving average of $746.86 and a 200-day moving average of $656.99.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.65 by $0.89. The business had revenue of $17.42 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.25 EPS. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 23.08 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar's dividend payout ratio is currently 30.06%.

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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