Caterpillar Inc. $CAT is Conning Inc.’s 5th Largest Position

Conning Inc. decreased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 18.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,480 shares of the industrial products company’s stock after selling 18,844 shares during the period. Caterpillar comprises approximately 1.3% of Conning Inc.’s investment portfolio, making the stock its 5th largest holding. Conning Inc.’s holdings in Caterpillar were worth $38,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CAT. Abacus Planning Group Inc. boosted its holdings in shares of Caterpillar by 0.6% during the 3rd quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock worth $1,534,000 after purchasing an additional 20 shares during the last quarter. Coastwise Capital Group LLC lifted its position in Caterpillar by 1.8% during the third quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock worth $557,000 after buying an additional 21 shares in the last quarter. Live Oak Private Wealth LLC boosted its stake in 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 buying an additional 23 shares during the last quarter. Syntegra Private Wealth Group LLC increased its stake 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 raised its holdings in shares of Caterpillar by 0.4% during the 3rd quarter. Coastline Trust Co now owns 6,530 shares of the industrial products company’s stock worth $3,116,000 after acquiring an additional 24 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CAT. Royal Bank Of Canada started coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price target on the stock. Citigroup lifted their target price on Caterpillar from $690.00 to $710.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their price target on Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Bank of America upped their target price on shares of Caterpillar from $594.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.20.

Caterpillar Stock Up 0.3%

Shares of CAT opened at $638.66 on Thursday. 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 market capitalization of $298.88 billion, a PE ratio of 32.79, a P/E/G ratio of 2.47 and a beta of 1.57. The company’s 50-day simple moving average is $583.66 and its 200-day simple moving average is $499.29. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $644.59.

Caterpillar (NYSE:CAT) last announced its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm had revenue of $17.64 billion for 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%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $5.17 EPS. Analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s payout ratio is presently 31.01%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: JPMorgan raised its price target on CAT to $740 from $730 and reiterated an “overweight” rating, implying roughly a mid-teens upside vs. recent levels — a clear buy-side signal that can support near-term inflows. JPMorgan raises price target
• Positive Sentiment: Caterpillar’s market capitalization topped $300 billion amid an AI-driven rally, a sign investors are attributing incremental growth/efficiency or multiple expansion to AI exposure — this momentum can attract momentum traders and ETFs. Caterpillar Crosses $300 Billion
• Neutral Sentiment: A bullish thesis piece summarizes upside drivers for CAT (valuation, services, AI/automation tailwinds). It reinforces positive narratives but is an opinion piece rather than company disclosure. Bull Case Theory
• Neutral Sentiment: Caterpillar announced a planned leadership transition in Construction Industries: long-time group president Tony Fassino will retire May 31, 2026, with internal successor Rod Shurman named effective Feb. 1 — an orderly, internal promotion that suggests continuity rather than disruption. Leadership Transition
• Negative Sentiment: Be aware of ticker confusion: a separate small-cap miner, CAT Strategic Metals (ticker CAT on other exchanges), announced an REE project MOU — unrelated to Caterpillar Inc. Misreading that news could create noisy, misleading headlines for retail investors. CAT Strategic Metals MOU

Insider Activity at Caterpillar

In other news, insider Anthony D. Fassino sold 8,184 shares of Caterpillar stock in a transaction dated 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 approximately $23,669,312.16. This trade represents a 16.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Maclennan bought 300 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $568.86 per share, for a total transaction of $170,658.00. Following the completion of the purchase, the director directly owned 7,947 shares of the company’s stock, valued at approximately $4,520,730.42. This trade represents a 3.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 54,729 shares of company stock worth $31,084,308 over the last quarter. 0.33% of the stock is currently owned by insiders.

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.