Caterpillar Inc. $CAT Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Posted by Stanley Muller on May 29th, 2026

Ilmarinen Mutual Pension Insurance Co grew its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 8.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,800 shares of the industrial products company’s stock after purchasing an additional 6,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Caterpillar were worth $43,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CAT. Jupiter Asset Management Ltd. boosted its stake in Caterpillar by 13,745.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 61,335 shares of the industrial products company’s stock worth $35,137,000 after buying an additional 60,892 shares during the last quarter. Houlihan Financial Resource Group Ltd. acquired a new stake in Caterpillar during the fourth quarter worth about $394,000. CFS Investment Advisory Services LLC raised its stake in Caterpillar by 23.6% during the fourth quarter. CFS Investment Advisory Services LLC now owns 2,700 shares of the industrial products company’s stock worth $1,546,000 after purchasing an additional 516 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Caterpillar by 3.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,870 shares of the industrial products company’s stock valued at $4,508,000 after buying an additional 275 shares during the period. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Caterpillar during the 4th quarter valued at approximately $272,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Oppenheimer set a $980.00 price target on Caterpillar and gave the stock an “outperform” rating in a report on Friday, May 1st. HSBC boosted their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. CICC Research initiated coverage on shares of Caterpillar in a report on Friday, February 6th. They issued an “outperform” rating for the company. Evercore reaffirmed an “outperform” rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Finally, Argus lifted their target price on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $923.14.

Read Our Latest Stock Analysis on Caterpillar

Insider Buying and Selling at Caterpillar

In other news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $907.91, for a total value of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’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 sale, the chief financial officer owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. The trade was a 22.85% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 98,273 shares of company stock worth $89,439,960. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 2.5%

Shares of NYSE:CAT opened at $887.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a fifty-two week low of $339.50 and a fifty-two week high of $931.35. The stock has a market cap of $408.56 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.63. The firm’s 50 day moving average price is $807.51 and its 200 day moving average price is $701.11.

Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The company had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.25 EPS. As a group, equities research analysts predict that Caterpillar Inc. will post 24.67 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

About Caterpillar

(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.