Caterpillar Inc. $CAT Shares Sold by Legal & General Group Plc

Posted by Brenda Bartman on May 25th, 2026

Legal & General Group Plc trimmed its holdings in Caterpillar Inc. (NYSE:CAT – Free Report) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,720,308 shares of the industrial products company’s stock after selling 81,760 shares during the period. Legal & General Group Plc’s holdings in Caterpillar were worth $1,558,383,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CAT. Wellington Management Group LLP boosted its stake in Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Caterpillar by 573.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company’s stock worth $861,947,000 after buying an additional 1,281,087 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Caterpillar by 20.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after buying an additional 609,023 shares during the last quarter. Amundi boosted its stake in Caterpillar by 24.3% in the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock worth $1,176,870,000 after buying an additional 464,036 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock worth $26,572,681,000 after buying an additional 442,164 shares during the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Caterpillar’s Power & Energy business is being highlighted as a major growth opportunity, with rising backlog, capacity expansion, and demand from AI data centers supporting the company’s longer-term targets. Article Title
Positive Sentiment: Separate coverage is reinforcing Caterpillar as a “power infrastructure play,” helped by a strategic framework agreement tied to up to 2.1 gigawatts of incremental power-generation assets, which suggests additional demand beyond its core construction and mining equipment businesses. Article Title
Positive Sentiment: Caterpillar was also mentioned among the stocks helping drive a strong Dow rally, indicating broader investor demand for the name during today’s market advance. Article Title
Neutral Sentiment: Caterpillar was included in a hedge-fund stock screen, which may reflect institutional interest, but the item did not add a clear new catalyst by itself. Article Title

Insider Activity

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 15,674 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the transaction, the chief financial officer directly owned 52,935 shares of the company’s stock, valued at $48,631,913.85. This represents a 22.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jason Kaiser sold 5,642 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares in the company, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 98,273 shares of company stock worth $89,439,960 in the last ninety days. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CAT has been the topic of several research analyst reports. Daiwa Securities Group lifted their price objective on Caterpillar from $790.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Citigroup lifted their price objective on Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Wall Street Zen raised Caterpillar from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. CICC Research started coverage on Caterpillar in a research note on Friday, February 6th. They issued an “outperform” rating on the stock. Finally, Williams Trading set a $825.00 price objective on Caterpillar in a research note on Tuesday, March 10th. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $923.14.

Check Out Our Latest Research Report on Caterpillar

Caterpillar Stock Performance

Caterpillar stock opened at $880.23 on Monday. The stock’s 50 day moving average price is $791.73 and its 200 day moving average price is $691.69. The firm has a market capitalization of $405.42 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.63. 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 one year low of $336.24 and a one year high of $931.35.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. As a group, sell-side analysts expect that Caterpillar Inc. will post 24.67 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s payout ratio is 30.06%.

Caterpillar Company 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.