Caterpillar Inc. $CAT Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its stake in Caterpillar Inc. (NYSE:CAT) by 30.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,522 shares of the industrial products company’s stock after selling 43,753 shares during the quarter. Calamos Advisors LLC’s holdings in Caterpillar were worth $47,487,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CAT. Valeo Financial Advisors LLC lifted its holdings in Caterpillar by 36,842.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock worth $2,833,836,000 after buying an additional 7,279,991 shares during the last quarter. Norges Bank acquired a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $2,165,899,000. Assenagon Asset Management S.A. lifted its stake 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 boosted its holdings in Caterpillar by 425.2% in the second 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 during the period. Finally, Voya Investment Management LLC increased its stake in Caterpillar by 36.9% during the third quarter. Voya Investment Management LLC now owns 1,777,589 shares of the industrial products company’s stock valued at $848,177,000 after purchasing an additional 478,972 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $577.64 on Wednesday. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $627.50. 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 company’s 50-day moving average price is $570.27 and its two-hundred day moving average price is $481.44. The stock has a market cap of $270.32 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.71 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping 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 company had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. During the same quarter in the previous year, the company posted $5.17 EPS. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business 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 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 is 31.01%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CAT. HSBC upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and raised their price target for the stock from $405.00 to $660.00 in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a report on Monday. Sanford C. Bernstein lifted their target price on Caterpillar from $557.00 to $630.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. increased their price target on Caterpillar from $650.00 to $730.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Robert W. Baird raised their price target on Caterpillar from $612.00 to $680.00 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, fifteen have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Buying and Selling at Caterpillar

In related news, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, the insider owned 41,512 shares in the company, valued at $23,669,312.16. This trade represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Kaiser sold 10,707 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total value of $6,034,465.20. Following the sale, the insider owned 8,649 shares in the company, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 61,895 shares of company stock worth $34,007,516. 0.33% of the stock is owned by insiders.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Multiple outlets report that surging demand for generators — especially for data centers and AI infrastructure — is driving a meaningful uptick in Caterpillar’s non-construction sales and boosting investor expectations for revenue and margin expansion. Caterpillar’s stock jumps as AI drives demand for generators
• Positive Sentiment: WSJ coverage highlights that generator sales are the company’s fastest‑growing segment, helping re-shape Caterpillar’s growth story beyond traditional yellow equipment and supporting a higher multiple. Caterpillar’s Surging Stock Is Fueled by AI, Not Yellow Excavators
• Positive Sentiment: Pymnts reports that data‑center generator demand in particular is fueling a sales surge, suggesting a durable revenue stream tied to long‑term AI infrastructure buildout rather than a one‑off cyclical bump. Caterpillar’s Data Center Generators Fuel Sale Surge
• Positive Sentiment: Market recognition: coverage and an on‑camera analyst segment note that Caterpillar has become the Dow’s best performer this year, reflecting the market re‑rating the stock for faster growth expectations. Caterpillar becomes the Dow’s best performer this year
• Positive Sentiment: JPMorgan equity research commentary (video interview) underscores investor interest and analyst attention as the company transitions into a growth narrative — supportive for sentiment and liquidity. Caterpillar becomes the Dow’s best performer this year (video)
• Positive Sentiment: Zacks highlights Caterpillar as a potential beneficiary of reshoring trends, which could support equipment demand in 2026 and beyond. 3 Manufacturing Stocks to Benefit From Reshoring in 2026
• Neutral Sentiment: Product update: Caterpillar introduced a Track Clamp Master Link to simplify excavator track installation — incremental operational/aftermarket improvement but limited near‑term impact on top‑line. Cat’s New Track Clamp Master Link Eases Excavator Track Installation
• Neutral Sentiment: Corporate milestone: coverage of Caterpillar’s 100‑year anniversary is positive PR but unlikely to move fundamentals materially. Celebrating 100 years and the people behind Caterpillar machines
• Negative Sentiment: Valuation caution: analysis pieces ask whether it’s too late to buy after a >100% rally, flagging elevated multiples and the risk that much of the AI/data‑center opportunity is already priced in — a key reason for profit‑taking or short‑term weakness. Is it too late to buy Caterpillar after its bullish 2025 run?

Caterpillar Company 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.