QRG Capital Management Inc. Has $52.48 Million Stock Position in Caterpillar Inc. $CAT

QRG Capital Management Inc. lifted its position in Caterpillar Inc. (NYSE:CAT) by 13.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 91,604 shares of the industrial products company’s stock after purchasing an additional 10,697 shares during the period. Caterpillar makes up about 0.6% of QRG Capital Management Inc.’s holdings, making the stock its 26th largest holding. QRG Capital Management Inc.’s holdings in Caterpillar were worth $52,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CAT. Wellington Management Group LLP lifted its stake in shares of Caterpillar by 3,949.8% in the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after buying an additional 5,098,964 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Caterpillar by 1,851.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock worth $873,382,000 after buying an additional 1,736,631 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Caterpillar by 20.7% in the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after buying an additional 609,023 shares during the last quarter. Amundi raised its stake in Caterpillar by 24.3% during the 3rd quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock valued at $1,176,870,000 after purchasing an additional 464,036 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Caterpillar by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock valued at $26,572,681,000 after purchasing an additional 442,164 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and revenue upside underpin the rally — Caterpillar topped Q1 estimates, reporting strong EPS and revenue growth that helped drive the recent surge. 5 Mega-Cap Stocks That Beat Q1 2026 Earnings and Are Still Climbing (CAT)
• Positive Sentiment: Multiple broker price-target lifts — Major firms (Jefferies, BofA, Daiwa and others) have raised targets — Jefferies to $1,045 and BofA to $930 — signaling sustained analyst confidence in upside from energy and infrastructure exposure. Jefferies Financial Group Increases Caterpillar (NYSE:CAT) Price Target to $1,045.00
• Positive Sentiment: BofA highlights energy-driven upside and AI/data-center demand — Analysts point to energy capex and the data-center buildout as key demand drivers for machines and power systems. BofA Highlights Energy Growth Driving Caterpillar (CAT) Upside
• Positive Sentiment: High-profile media attention on AI exposure — Jim Cramer and other outlets note Caterpillar is benefiting from data-center build-outs, reinforcing the narrative that CAT is tied to AI infrastructure spending. Jim Cramer Makes Big Revelation About Caterpillar (CAT) & Hedge Funds
• Positive Sentiment: Product/ESG momentum — Caterpillar’s electric power unit is powering a new zero-emission separator showcased at IFAT 2026, highlighting progress on electrification and sustainability offerings. Caterpillar’s electric power unit powers new zero-emission separator at IFAT 2026
• Neutral Sentiment: Options-market activity raises questions — Elevated options flow has attracted attention; this could signal speculative positioning or hedging around earnings/targets, so watch implied vol and large trades. Do Options Traders Know Something About Caterpillar Stock We Don’t?
• Neutral Sentiment: Market commentators counsel caution despite the rally — Coverage pieces note a massive 12‑month return and some analysts recommend “hold” given stretched gains and near-term consolidation risk. Caterpillar Surges 190%—Analysts Say Hold for Now
• Negative Sentiment: Some analysts maintain conservative stances — DA Davidson bumped its target to $845 but kept a neutral rating, implying limited near-term upside from their view and reflecting valuation caution after the run. DA Davidson adjusts price target on Caterpillar to $845 from $650, maintains neutral rating

Caterpillar Trading Down 1.7%

Shares of CAT stock opened at $874.72 on Tuesday. Caterpillar Inc. has a 52-week low of $318.11 and a 52-week high of $905.00. The stock has a market cap of $407.00 billion, a price-to-earnings ratio of 43.54, a P/E/G ratio of 2.04 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The firm has a fifty day moving average of $746.86 and a 200-day moving average of $656.99.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same quarter in the prior year, the company posted $4.25 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 23.08 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, April 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio is currently 30.06%.

Insiders Place Their Bets

In other news, CAO William E. Schaupp sold 972 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total value of $742,802.40. Following the sale, the chief accounting officer owned 824 shares of the company’s stock, valued at approximately $629,700.80. This represents a 54.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rodney Michael Shurman sold 2,278 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $759.61, for a total transaction of $1,730,391.58. Following the completion of the sale, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. The trade was a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 60,164 shares of company stock worth $43,748,068 in the last quarter. 0.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Williams Trading set a $825.00 target price on shares of Caterpillar in a research note on Tuesday, March 10th. Wells Fargo & Company upped their target price on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Friday. CICC Research assumed coverage on shares of Caterpillar in a research note on Friday, February 6th. They set an “outperform” rating for the company. Citigroup upped their target price on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Caterpillar from $860.00 to $1,125.00 and gave the company an “overweight” rating in a research note on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $871.18.

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.