Caterpillar Inc. $CAT Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Caterpillar Inc. (NYSE:CAT) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,484 shares of the industrial products company’s stock after acquiring an additional 3,938 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Caterpillar were worth $58,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new stake in shares of Caterpillar during the second quarter worth $27,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Caterpillar in the second quarter worth about $28,000. Marquette Asset Management LLC boosted its position in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new stake in Caterpillar during the 2nd quarter valued at about $32,000. Finally, RiverPark Advisors LLC acquired a new stake in Caterpillar in the 2nd quarter valued at about $32,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar Stock Up 1.3%

Shares of NYSE:CAT opened at $647.05 on Friday. The company has a market capitalization of $302.81 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.57. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $652.36. The business has a 50-day moving average price of $585.21 and a 200 day moving average price of $500.31. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34.

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 company had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. Caterpillar’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.17 earnings per share. Sell-side analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

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

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 8,184 shares of Caterpillar 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 of the company’s stock, valued at approximately $23,669,312.16. The trade was a 16.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 14,638 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the transaction, the insider directly owned 80,209 shares in the company, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 54,729 shares of company stock valued at $31,084,308. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Caterpillar from $570.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. upped their target price on Caterpillar from $730.00 to $740.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird raised their target price on Caterpillar from $612.00 to $680.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Citigroup boosted their price target on shares of Caterpillar from $690.00 to $710.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Oppenheimer raised their price objective on shares of Caterpillar from $513.00 to $645.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $623.10.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Bank of America raised its price target to $708 and kept a “buy” rating, signaling analyst confidence and implying upside from current levels. Article Title
• Positive Sentiment: JPMorgan raised its price target to $740 and reiterated an “overweight” rating, providing further institutional endorsement that supports upward price pressure. Article Title
• Positive Sentiment: Reports note CAT’s market value topped $300 billion amid an AI-related rally, which can attract momentum/chase buying and raises visibility among tech-focused funds. Article Title
• Positive Sentiment: Caterpillar announced a partnership with NVIDIA to develop foundations for autonomous systems — a strategic move toward higher-margin, tech-enabled equipment and a growth narrative beyond traditional heavy-equipment cycles. Article Title
• Positive Sentiment: Coverage highlighting CAT’s ~30% payout ratio argues the dividend is sustainable through downturns, which supports income-focused investor demand. Article Title
• Neutral Sentiment: Caterpillar set Jan. 29 for its Q4 and full-year 2025 results release — a scheduled catalyst that could move the stock depending on guidance and results versus expectations. Article Title
• Neutral Sentiment: Leadership transition: Tony Fassino will retire May 31 and Rod Shurman will take over Construction Industries on Feb. 1. The internal successor reduces execution risk, so this reads as orderly rather than disruptive. Article Title
• Neutral Sentiment: Third-party bullish write-ups summarize upside cases (valuation, durable franchise, AI/automation exposure) — these can reinforce momentum but are not primary catalysts on their own. Article Title

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.