NBT Bank N A NY Sells 11,063 Shares of Caterpillar Inc. $CAT

Posted by Lindsey Winhoffer on Jan 17th, 2026

NBT Bank N A NY trimmed its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 26.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,110 shares of the industrial products company’s stock after selling 11,063 shares during the quarter. Caterpillar accounts for 1.1% of NBT Bank N A NY’s holdings, making the stock its 16th largest holding. NBT Bank N A NY’s holdings in Caterpillar were worth $14,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marquette Asset Management LLC lifted its position in shares of Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after buying an additional 53 shares during the last quarter. Joseph Group Capital Management bought a new stake in shares of Caterpillar during the 3rd quarter valued at approximately $32,000. Kilter Group LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Caterpillar in the 2nd quarter valued at approximately $28,000. Finally, RiverPark Advisors LLC acquired a new stake in Caterpillar in the second quarter valued at approximately $32,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

NYSE:CAT opened at $646.95 on Friday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $655.68. The company has a 50 day simple moving average of $586.90 and a two-hundred day simple moving average of $502.11. The company has a market capitalization of $302.76 billion, a PE ratio of 33.21, a P/E/G ratio of 2.50 and a beta of 1.57.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The firm had revenue of $17.64 billion for the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the company earned $5.17 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CAT shares. Bank of America upped their price target on shares of Caterpillar from $650.00 to $708.00 and gave the stock a “buy” rating in a report on Wednesday. DA Davidson increased their target price on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Citigroup boosted their price target on Caterpillar from $690.00 to $710.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein raised their price objective on shares of Caterpillar from $557.00 to $630.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Finally, Oppenheimer boosted their target price on shares of Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $623.10.

Read Our Latest Report on Caterpillar

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Bank of America raised its price target on CAT to $708 and kept a “buy” rating — a meaningful bullish signal from a major shop that can attract flows and support the share price. MarketScreener
Positive Sentiment: JPMorgan analyst told investors CAT shares are expected to rise, adding institutional conviction to the bullish case and potentially supporting buying interest. Caterpillar (NYSE:CAT) Stock Price Expected to Rise
Positive Sentiment: Caterpillar announced a partnership with NVIDIA to develop foundations for autonomous systems — this accelerates higher-margin, software-enabled product opportunities (autonomy, telematics) over time. Caterpillar partners with NVIDIA
Positive Sentiment: Bernstein highlighted CAT as a potential winner if data centers shift to on-site power generation — a new end market for power systems could boost equipment and power solutions demand. Caterpillar is potential winner if data centers move power generation on-site
Positive Sentiment: Articles emphasizing CAT’s ~30% payout ratio argue its dividend is well-covered and likely sustainable through downturns — supportive for income-focused investors. Caterpillar’s 30% Payout Ratio Shows Why Its Dividend Can Survive the Next Recession
Neutral Sentiment: Caterpillar set its Q4 and full-year 2025 earnings release for Jan. 29 — this is the next key event risk/opportunity that will likely drive short-term volatility. Caterpillar Inc. to Announce Fourth-Quarter and Full-Year 2025 Financial Results on January 29
Neutral Sentiment: Zacks highlights industrial stocks that could beat earnings using its Earnings ESP screen — a potential catalyst if CAT is included, but specifics/odds are unclear. These 2 Industrial Products Stocks Could Beat Earnings
Negative Sentiment: Caterpillar is contesting a patent complaint from Bobcat and the trade commission will investigate — pending legal/ITC outcomes create downside risk and potential remedy costs or product restrictions. Caterpillar Fights Bobcat Patent Complaint; Trade Commission to Investigate

Insider Buying and Selling

In related news, insider Jason Kaiser sold 10,707 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the sale, the insider owned 8,649 shares in the company, valued at $4,874,576.40. This represents a 55.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total value of $5,750,600.00. Following the sale, the chief financial officer directly owned 45,460 shares of the company’s stock, valued at $26,142,227.60. This represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 54,729 shares of company stock worth $31,084,308 over the last three months. Insiders own 0.33% of the company’s stock.

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.