Caterpillar Inc. $CAT Shares Sold by Thrivent Financial for Lutherans

Posted by Brenda Bartman on May 15th, 2026

Thrivent Financial for Lutherans lowered its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 5.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 557,202 shares of the industrial products company’s stock after selling 33,324 shares during the quarter. Caterpillar accounts for 0.6% of Thrivent Financial for Lutherans’ holdings, making the stock its 20th largest holding. Thrivent Financial for Lutherans’ holdings in Caterpillar were worth $319,295,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CAT. Wellington Management Group LLP boosted its holdings in Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock valued at $2,494,568,000 after acquiring an additional 5,098,964 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Caterpillar by 1,851.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock valued at $873,382,000 after purchasing an additional 1,736,631 shares during the period. Bank of New York Mellon Corp raised its position in Caterpillar by 20.7% in the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock valued at $1,695,757,000 after purchasing an additional 609,023 shares during the period. Amundi raised its position in Caterpillar by 24.3% in the third quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock valued at $1,176,870,000 after purchasing an additional 464,036 shares during the period. Finally, Vanguard Group Inc. raised its position in Caterpillar by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock valued at $26,572,681,000 after purchasing an additional 442,164 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Stock Up 1.8%

Shares of NYSE CAT opened at $918.99 on Friday. The firm has a market cap of $423.28 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.81 and a beta of 1.63. Caterpillar Inc. has a 1 year low of $336.24 and a 1 year high of $931.35. The stock’s 50-day simple moving average is $772.09 and its 200-day simple moving average is $678.58. 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 (NYSE:CAT – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 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 the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $4.25 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is 30.06%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Rothschild & Co Redburn raised its price target on Caterpillar to $950 from $700, even while keeping a neutral rating, suggesting the stock’s recent rally may still have room to run. Rothschild & Co Redburn price target update
Positive Sentiment: Jim Cramer reiterated a bullish view on Caterpillar, calling it a buy and pointing to oil and gas, infrastructure, and AI data-center power demand as key tailwinds. Jim Cramer Says Caterpillar Is a Buy
Positive Sentiment: Recent coverage highlighted Caterpillar’s role in Saudi Arabia’s construction equipment market, which is expected to grow steadily on the back of Vision 2030 infrastructure spending. Saudi Arabia Construction Equipment Industry Research 2026-2031 Featuring Caterpillar
Neutral Sentiment: Two Caterpillar insiders disclosed stock sales, including a larger sale by Denise C. Johnson and a smaller sale by William E. Schaupp. While not unusual, insider selling can create some caution. Denise C. Johnson insider trade filing
Negative Sentiment: Anthony Fassino also sold a notable block of shares earlier in the week, which may be viewed as a mild negative signal despite his remaining ownership stake. Anthony Fassino Sells 16,283 Shares of Caterpillar (NYSE:CAT) Stock

Insiders Place Their Bets

In related news, insider Lange Bob De sold 24,222 shares of Caterpillar stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the completion of the transaction, the insider directly owned 86,029 shares in the company, valued at approximately $79,397,884.68. This trade represents a 21.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise C. Johnson sold 6,196 shares of Caterpillar stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $909.79, for a total value of $5,637,058.84. Following the completion of the transaction, the insider owned 49,825 shares of the company’s stock, valued at $45,330,286.75. This trade represents a 11.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 90,682 shares of company stock valued at $81,815,568. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on CAT. Robert W. Baird raised their price objective on Caterpillar from $940.00 to $1,165.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Williams Trading set a $825.00 price objective on Caterpillar in a research report on Tuesday, March 10th. Royal Bank Of Canada raised 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. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Sanford C. Bernstein lifted their target price on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $923.14.

Read Our Latest Research Report on CAT

Caterpillar Profile

(Free Report)

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.