Teachers Retirement System of The State of Kentucky Has $28.38 Million Stake in Caterpillar Inc. $CAT

Teachers Retirement System of The State of Kentucky grew its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 57.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,476 shares of the industrial products company’s stock after buying an additional 21,732 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Caterpillar were worth $28,379,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pacific Point Advisors LLC bought a new stake in Caterpillar during the fourth quarter worth $579,000. Brighton Jones LLC increased its stake in shares of Caterpillar by 51.5% during the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock worth $2,688,000 after purchasing an additional 2,519 shares during the last quarter. United Bank raised its holdings in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after purchasing an additional 2,125 shares during the period. Schnieders Capital Management LLC. lifted its stake in Caterpillar by 3.9% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock valued at $3,551,000 after purchasing an additional 347 shares during the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in Caterpillar by 28.2% during the second quarter. Strategic Financial Concepts LLC now owns 909 shares of the industrial products company’s stock worth $359,000 after purchasing an additional 200 shares during the period. Institutional investors own 70.98% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: High-profile endorsement — Jim Cramer called Caterpillar “a total straight shooter,” putting CAT in his weekly game plan and highlighting the company’s CONEXPO presence, which can boost retail investor interest and sentiment. Jim Cramer on Caterpillar: “A Total Straight Shooter”
• Positive Sentiment: Product and tech showcase at CONEXPO — Caterpillar unveiled new compact equipment (including a compact-radius excavator and the TUL100 compact utility loader), expanded AI/autonomy, rentals and connected-fleet solutions that support higher-margin services and recurring revenue. Those launches reinforce growth avenues beyond equipment sales. Caterpillar Transforms the Construction Worksite with Advanced Technology, Services and Solutions at CONEXPO-CON/AGG 2026
• Positive Sentiment: New compact models — additional coverage details demand for compact-radius excavators and the launch of the TUL100 expand Caterpillar’s addressable market in smaller jobsite segments, supporting unit growth and aftermarket service opportunities. Caterpillar Sees More Demand for Compact Radius Excavators, Releases New Model Caterpillar Enters Compact Utility Loader Market with TUL100
• Neutral Sentiment: Software and backlog update — Caterpillar expanded its mining software offerings amid a record backlog and a rail deal; software and services support higher margins, but the report flagged that these shifts also “reshape risks” (execution and integration). Investors should watch margin mix and backlog conversion. Caterpillar Expands Mining Software As Record Backlog And Rail Deal Reshape Risks
• Neutral Sentiment: Publicity item (pickup truck) — A media piece clarifies Caterpillar’s branded pickup effort isn’t a consumer pickup launch in the way social buzz expected; more PR than material product-market shift. Limited direct impact on fundamentals. The Caterpillar Pickup Truck Is Real, But It’s Not What People Were Hoping For
• Negative Sentiment: Valuation and momentum checks — Several pieces question whether CAT’s strong multi‑year rally has outpaced fundamentals and whether momentum is sustainable; high P/E and strong recent gains introduce risk of pullback if demand or margins soften. Has Caterpillar (CAT) Rallied Too Far After Strong Multi Year Share Price Gains Can Caterpillar’s Momentum Continue in 2026 and Beyond?
• Neutral Sentiment: Talent and PR — Recognition of top technicians (Cleburne’s Garrett Mahaffey) supports brand and service reputation but is unlikely to move results materially. Cleburne’s Garrett Mahaffey among world’s top Caterpillar technicians

Analyst Ratings Changes

Several analysts have issued reports on the company. Argus upped their price objective on Caterpillar from $625.00 to $820.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. HSBC boosted their target price on Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Evercore raised their price target on Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 29th. Finally, Morgan Stanley increased their price objective on shares of Caterpillar from $400.00 to $425.00 and gave the company an “underweight” rating in a research report on Tuesday, February 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $712.52.

Caterpillar Stock Performance

NYSE CAT opened at $753.49 on Tuesday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81. The firm has a market capitalization of $350.59 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 1.76 and a beta of 1.53. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The firm’s 50 day simple moving average is $671.21 and its 200 day simple moving average is $568.04.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm posted $5.14 earnings per share. Caterpillar’s revenue was up 17.9% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th were paid a $1.51 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio is presently 32.09%.

Insider Activity

In other news, insider Lange Bob De sold 22,656 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $720.11, for a total value of $16,314,812.16. Following the transaction, the insider owned 79,953 shares in the company, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise C. Johnson sold 39,138 shares of Caterpillar stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $681.08, for a total value of $26,656,109.04. Following the completion of the transaction, the insider directly owned 43,350 shares of the company’s stock, valued at approximately $29,524,818. This trade represents a 47.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 133,450 shares of company stock worth $92,530,665. 0.33% of the stock is 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.