Asset Management One Co. Ltd. Reduces Position in Caterpillar Inc. $CAT

Asset Management One Co. Ltd. decreased its position in Caterpillar Inc. (NYSE:CAT) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 290,625 shares of the industrial products company’s stock after selling 1,529 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of Caterpillar worth $138,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Abacus Planning Group Inc. grew its holdings 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 worth $1,534,000 after acquiring an additional 20 shares during the last quarter. Arrow Financial Corp boosted its holdings in shares of Caterpillar by 0.4% during the third quarter. Arrow Financial Corp now owns 7,461 shares of the industrial products company’s stock worth $3,560,000 after purchasing an additional 32 shares during the period. Penobscot Investment Management Company Inc. grew its stake in shares of Caterpillar by 5.5% in the third quarter. Penobscot Investment Management Company Inc. now owns 8,709 shares of the industrial products company’s stock worth $4,155,000 after purchasing an additional 454 shares during the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in Caterpillar by 12.8% during the 3rd quarter. Moss Adams Wealth Advisors LLC now owns 1,029 shares of the industrial products company’s stock valued at $491,000 after purchasing an additional 117 shares during the period. Finally, Global Retirement Partners LLC raised its position in Caterpillar by 11.0% during the 3rd quarter. Global Retirement Partners LLC now owns 17,981 shares of the industrial products company’s stock valued at $8,580,000 after purchasing an additional 1,779 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wolfe Research raised its price target on CAT to $670 (from $470) and kept an “outperform” rating, signaling conviction in upside vs. current levels and likely supporting buying interest. Wolfe Research Adjusts Price Target on Caterpillar to $670 from $470; Maintains Outperform Rating
• Positive Sentiment: Bernstein also lifted its target, citing a clearer 2026 recovery — analyst upgrades and higher targets add momentum by backing expectations for stronger revenue and margin recovery. Bernstein Raises Caterpillar (CAT) Target as 2026 Recovery Comes Into View
• Positive Sentiment: Caterpillar rallied ~58% in 2025 as revenue returned to growth, backlog hit a record ~$39.9B and earnings declines eased — that fundamental improvement supports higher forward multiples and investor optimism. After a 58% Run in 2025, is CAT Stock Still a Buy in 2026?
• Positive Sentiment: Investors are valuing CAT for its role in powering AI/data-center buildouts — Caterpillar’s power-generation engines are in demand as backup and supplemental power for hyperscale data centers, a structural tailwind for sales and aftermarket. AI Is Transforming This Once-Boring Blue-Chip Stock. Is It a Buy for 2026?
• Positive Sentiment: Sector-level strength: Industrials outperformed in 2025 (Caterpillar returned ~61%) driven partly by data-center and power trends, which reinforces cyclical and structural demand narratives for CAT. The S&P 500’s Top-Performing Sectors: 3 Lead the Pack in 2025
• Neutral Sentiment: The Dow Jones hit all-time highs in 2025 and CAT was cited among contributors — positive market sentiment helps but is broader-market driven rather than CAT-specific. Dow Jones 2025 Scorecard: Caterpillar, Nvidia Help Index Hit All-Time Highs – Top 5 Winners & Losers
• Negative Sentiment: Short-term caution: some industrials softened at year-end (market close weakness), which could pressure cyclicals if macro sentiment or capex timing weakens. Industrials Down as Strong Year Finishes With a Whimper — Industrials Roundup

Insider Activity at Caterpillar

In other Caterpillar news, Chairman Donald J. Umpleby III sold 17,166 shares of Caterpillar stock in a transaction on Friday, October 10th. The stock was sold at an average price of $505.29, for a total transaction of $8,673,808.14. Following the completion of the transaction, the chairman owned 448,173 shares in the company, valued at approximately $226,457,335.17. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider directly owned 41,512 shares in the company, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,895 shares of company stock worth $34,007,516 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Caterpillar Stock Up 4.4%

NYSE:CAT opened at $598.11 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. The firm’s 50-day moving average price is $574.03 and its 200-day moving average price is $485.23. The company has a market capitalization of $279.90 billion, a PE ratio of 30.70, a P/E/G ratio of 2.36 and a beta of 1.57. Caterpillar Inc. has a 1-year low of $267.30 and a 1-year high of $627.50.

Caterpillar (NYSE:CAT) last posted 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. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business had revenue of $17.64 billion for the quarter, compared to analyst estimates of $16.72 billion. During the same quarter in the previous year, the firm posted $5.17 earnings per share. Caterpillar’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be paid a $1.51 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio is presently 31.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CAT shares. Oppenheimer lifted their price objective on Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a report on Monday, December 29th. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Royal Bank Of Canada started coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $618.70.

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.