QRG Capital Management Inc. Has $38.61 Million Position in Caterpillar Inc. $CAT

QRG Capital Management Inc. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 25.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 80,907 shares of the industrial products company’s stock after selling 28,141 shares during the period. QRG Capital Management Inc.’s holdings in Caterpillar were worth $38,605,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Abacus Planning Group Inc. grew its position in Caterpillar by 0.6% in the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock valued at $1,534,000 after purchasing an additional 20 shares during the period. Coastwise Capital Group LLC grew its holdings in shares of Caterpillar by 1.8% during the third quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock valued at $557,000 after buying an additional 21 shares during the last quarter. Live Oak Private Wealth LLC increased its position in shares of Caterpillar by 0.7% during the third quarter. Live Oak Private Wealth LLC now owns 3,525 shares of the industrial products company’s stock worth $1,682,000 after acquiring an additional 23 shares in the last quarter. Syntegra Private Wealth Group LLC raised its holdings in shares of Caterpillar by 2.4% in the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,037 shares of the industrial products company’s stock worth $495,000 after acquiring an additional 24 shares during the last quarter. Finally, Coastline Trust Co lifted its position in Caterpillar by 0.4% in the 3rd quarter. Coastline Trust Co now owns 6,530 shares of the industrial products company’s stock valued at $3,116,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insiders Place Their Bets

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total value of $5,750,600.00. Following the completion of the transaction, the chief financial officer directly owned 45,460 shares of the company’s stock, valued at $26,142,227.60. This trade represents a 18.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David Maclennan purchased 300 shares of Caterpillar stock in a transaction dated Thursday, November 6th. The shares were purchased at an average price of $568.86 per share, with a total value of $170,658.00. Following the completion of the transaction, the director directly owned 7,947 shares in the company, valued at approximately $4,520,730.42. This represents a 3.92% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 54,729 shares of company stock worth $31,084,308. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Argus boosted their price objective on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Bank of America upped their price target on Caterpillar from $650.00 to $708.00 and gave the stock a “buy” rating in a report on Wednesday. Wolfe Research increased their price target on Caterpillar from $470.00 to $670.00 and gave the company an “outperform” rating in a research report on Friday, January 2nd. Truist Financial reaffirmed a “buy” rating and set a $729.00 price objective (up from $582.00) on shares of Caterpillar in a report on Thursday, October 30th. Finally, Citigroup increased their target price on shares of Caterpillar from $690.00 to $710.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $623.10.

Caterpillar Stock Down 0.0%

CAT stock opened at $646.95 on Friday. The company has a market capitalization of $302.76 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 2.50 and a beta of 1.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. The stock has a fifty day moving average of $586.90 and a 200-day moving average of $502.11. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $655.68.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.52 by $0.43. The company had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. Caterpillar’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $5.17 EPS. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company 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. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

Caterpillar News Summary

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

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.