Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Caterpillar Inc. (NYSE:CAT – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 609 shares of the industrial products company’s stock, valued at approximately $349,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Banco Santander S.A. boosted its holdings in Caterpillar by 6.2% in the fourth quarter. Banco Santander S.A. now owns 103,741 shares of the industrial products company’s stock worth $59,430,000 after purchasing an additional 6,082 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Caterpillar in the fourth quarter worth approximately $35,555,000. Broyhill Asset Management LLC purchased a new stake in Caterpillar in the fourth quarter worth approximately $212,000. Sumitomo Life Insurance Co. boosted its holdings in Caterpillar by 0.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 6,448 shares of the industrial products company’s stock worth $3,694,000 after purchasing an additional 55 shares during the last quarter. Finally, ROI Financial Advisors LLC boosted its stake in shares of Caterpillar by 11.8% during the 4th quarter. ROI Financial Advisors LLC now owns 2,209 shares of the industrial products company’s stock worth $1,266,000 after acquiring an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.
Caterpillar Stock Up 1.5%
Shares of CAT stock opened at $910.78 on Friday. The company has a market capitalization of $419.50 billion, a price-to-earnings ratio of 45.34, a PEG ratio of 1.77 and a beta of 1.59. Caterpillar Inc. has a one year low of $355.70 and a one year high of $946.83. The company’s fifty day moving average price is $851.85 and its 200-day moving average price is $726.64. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.
Caterpillar Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is 30.06%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CAT shares. HSBC lifted their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a research note on Friday, May 8th. Daiwa Securities Group lifted their price target on shares of Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Bank of America lifted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Truist Financial set a $1,043.00 price target on shares of Caterpillar in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $933.27.
Key Headlines Impacting Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar raised its quarterly dividend by 8% to $1.63 per share, extending its dividend-growth streak to 32 consecutive years and signaling confidence in cash generation and future returns to shareholders.
- Positive Sentiment: Analysts at Erste Group lifted FY2026 and FY2027 earnings estimates for Caterpillar, reflecting expectations for stronger profitability ahead.
- Positive Sentiment: Caterpillar was highlighted on Zacks’ “best momentum stocks” list, which can reinforce bullish trader interest and momentum buying.
- Positive Sentiment: Recent bullish commentary pointed to strong Q1 results, including 22% revenue growth and a backlog of $62.7 billion, suggesting healthy demand across Caterpillar’s core markets.
- Neutral Sentiment: Caterpillar and Austal announced a global value agreement, but the available details do not clearly indicate a material near-term financial impact for CAT. Austal and Caterpillar in Global Value Agreement
- Negative Sentiment: Some market commentary warned that Caterpillar’s recent run-up leaves the stock vulnerable to a reversal on valuation concerns after a sharp move higher.
- Negative Sentiment: The stock also recently pulled back from its year-to-date high, with technical traders citing a possible double-top pattern, which may be limiting near-term upside.
Insider Activity
In other news, insider Denise C. Johnson sold 12,605 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the sale, the insider directly owned 49,825 shares in the company, valued at $45,236,615.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the sale, the insider owned 46,041 shares in the company, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 95,773 shares of company stock worth $87,642,635. 0.33% of the stock is currently owned by 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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