Caterpillar Inc. $CAT Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 28.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,756 shares of the industrial products company’s stock after selling 1,119 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Caterpillar were worth $1,579,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Broyhill Asset Management LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $212,000. Sumitomo Life Insurance Co. lifted its holdings in shares of Caterpillar by 0.9% in the fourth quarter. Sumitomo Life Insurance Co. now owns 6,448 shares of the industrial products company’s stock valued at $3,694,000 after purchasing an additional 55 shares in the last quarter. ROI Financial Advisors LLC lifted its holdings in shares of Caterpillar by 11.8% in the fourth quarter. ROI Financial Advisors LLC now owns 2,209 shares of the industrial products company’s stock valued at $1,266,000 after purchasing an additional 233 shares in the last quarter. Asset Allocation Strategies LLC purchased a new stake in shares of Caterpillar in the fourth quarter valued at $210,000. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Caterpillar by 33.9% in the fourth quarter. Wealthspire Advisors LLC now owns 8,057 shares of the industrial products company’s stock valued at $4,615,000 after purchasing an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 16,283 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the business’s 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 transaction, the insider directly owned 86,029 shares of the company’s stock, valued at $79,397,884.68. This represents a 21.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,773 shares of company stock worth $87,642,635 in the last ninety days. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $910.78 on Friday. The firm has a fifty day simple moving average of $851.85 and a 200-day simple moving average of $726.64. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. Caterpillar Inc. has a 1-year low of $355.70 and a 1-year high of $946.83. The stock 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 (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same period in the previous year, the company earned $4.25 earnings per share. Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, sell-side analysts expect that Caterpillar Inc. will post 24.69 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.7%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s payout ratio is presently 30.06%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CAT shares. Wolfe Research increased their target price on Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Wells Fargo & Company increased their target price on Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays upped their price target on shares of Caterpillar from $700.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on shares of Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Daiwa Securities Group upped 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. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $933.27.

Key Caterpillar News

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.

Caterpillar Profile

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.