Sumitomo Mitsui Trust Group Inc. Has $705.39 Million Stock Position in Caterpillar Inc. $CAT

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Caterpillar Inc. (NYSE:CAT) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,478,346 shares of the industrial products company’s stock after selling 20,926 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.32% of Caterpillar worth $705,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its position in Caterpillar by 36,842.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock valued at $2,833,836,000 after buying an additional 7,279,991 shares during the last quarter. Norges Bank bought a new position in shares of Caterpillar during the second quarter valued at about $2,165,899,000. Assenagon Asset Management S.A. boosted its holdings in Caterpillar by 546.6% during the second quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company’s stock worth $327,297,000 after purchasing an additional 712,711 shares during the last quarter. Marshall Wace LLP grew its position in Caterpillar by 425.2% in the 2nd quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock worth $295,738,000 after purchasing an additional 616,739 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Caterpillar by 36.9% in the 3rd quarter. Voya Investment Management LLC now owns 1,777,589 shares of the industrial products company’s stock valued at $848,177,000 after buying an additional 478,972 shares during the last quarter. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Oppenheimer lifted their price target on Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Bank of America boosted their price target on shares of Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Morgan Stanley raised their price objective on shares of Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a report on Wednesday, December 10th. Argus increased their target price on shares of Caterpillar from $460.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Finally, Evercore ISI lifted their price target on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $618.70.

Insider Buying and Selling

In related news, insider Jason Kaiser sold 10,707 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total value of $6,034,465.20. Following the sale, the insider directly owned 8,649 shares of the company’s stock, valued at $4,874,576.40. This trade represents a 55.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the completion of the transaction, the chief financial officer owned 45,460 shares of the company’s stock, valued at $26,142,227.60. This trade represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,729 shares of company stock valued at $31,084,308 in the last 90 days. 0.33% of the stock is owned by company insiders.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar rolled out a suite of AI and autonomy initiatives at CES — including the Cat AI assistant, previews of autonomous machine lines, and expanded autonomy beyond mining — positioning CAT to capture software and services revenue as well as higher-margin aftermarket sales. Read More.
• Positive Sentiment: CAT announced a partnership with Nvidia to integrate voice and other AI capabilities into machines and operations, accelerating technical differentiation and faster time-to-market for autonomous features. Read More.
• Positive Sentiment: Caterpillar committed $25M toward a global innovation prize and said it’s investing in upskilling the workforce that will build its AI/autonomy systems — a sign management is funding long-term revenue mix shift to software/services. Read More.
• Positive Sentiment: Analysts at Zacks raised multiple near‑ and mid‑term EPS forecasts (Q4 2025–FY2026 and into 2027), lifting FY2026 estimates substantially — a direct driver of investor bullishness on CAT’s earnings trajectory. Read More.
• Neutral Sentiment: Coverage pieces highlight CAT’s long-term income profile (dividend aristocrat status) and the company’s strategic positioning in AI/autonomy, but these are general narratives rather than immediate catalysts. Read More.
• Neutral Sentiment: Volume notes: markets flagged unusually large options activity in CAT, which can amplify intraday moves but is not itself an earnings or strategy signal. Read More.
• Negative Sentiment: Political/legal risk: commentary warns that a potential rollback of tariffs that helped shield domestic equipment makers could remove a tailwind for CAT’s U.S. demand — a macro risk investors are watching. Read More.

Caterpillar Price Performance

CAT stock opened at $617.59 on Monday. The firm has a 50 day moving average of $579.31 and a 200-day moving average of $494.79. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $289.02 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.57. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $627.50.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $16.72 billion. During the same period last year, the firm earned $5.17 EPS. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

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.