Bank of New York Mellon Corp Buys 609,023 Shares of Caterpillar Inc. $CAT

Bank of New York Mellon Corp raised its position in shares of Caterpillar Inc. (NYSE:CAT) by 20.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,553,930 shares of the industrial products company’s stock after acquiring an additional 609,023 shares during the period. Bank of New York Mellon Corp owned approximately 0.76% of Caterpillar worth $1,695,757,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Caterpillar in the second quarter valued at about $2,165,899,000. Groupe la Francaise boosted its stake in shares of Caterpillar by 82.0% in the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after purchasing an additional 12,278 shares in the last quarter. Trivium Point Advisory LLC grew its holdings in shares of Caterpillar by 132.9% during the 2nd quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after purchasing an additional 1,099 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in Caterpillar by 155.9% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock worth $21,014,000 after purchasing an additional 28,773 shares in the last quarter. Finally, Palmer Knight Co bought a new position in Caterpillar in the 2nd quarter valued at approximately $5,884,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Caterpillar

In other Caterpillar news, Director David Maclennan bought 300 shares of the stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of $568.86 per share, for a total transaction of $170,658.00. Following the completion of the acquisition, the director owned 7,947 shares in the company, valued at $4,520,730.42. This trade represents a 3.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total value of $5,750,600.00. Following the transaction, the chief financial officer owned 45,460 shares in the company, valued at $26,142,227.60. The trade was a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 54,729 shares of company stock worth $31,084,308 over the last quarter. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI upped 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. Bank of America upped their target price on Caterpillar from $650.00 to $708.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Oppenheimer increased their target price on Caterpillar from $645.00 to $700.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Jefferies Financial Group upped their price objective on Caterpillar from $700.00 to $750.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group lifted their target price on shares of Caterpillar from $506.00 to $581.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $640.20.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analyst bullishness and backlog strength — Seeking Alpha initiates CAT with a Buy, highlighting strong Energy & Transportation demand, a big backlog increase and the potential for a double-digit sequential sales lift into Q4. These operational drivers are cited as the reason for CAT’s recent re-rate. Caterpillar Q4 Preview: Backlog, Margins, And The AI Power Trade
• Positive Sentiment: AI/digital upside — Coverage frames Caterpillar as an “overlooked” AI play based on its telematics, fleet optimization and software-driven services, which could support higher-margin recurring revenue over time. That narrative is helping sentiment ahead of results. Caterpillar stock is an ‘overlooked’ AI play. Here’s how.
• Positive Sentiment: Media endorsement — Jim Cramer noted that CAT no longer reliably falls on earnings, signaling growing investor confidence in management’s execution and in the company’s cyclical recovery, which can buoy the stock into the print. Jim Cramer on Caterpillar: “In the Old Days, CAT Usually Went Down on Earnings, That’s Over”
• Neutral Sentiment: Earnings preview coverage — Several outlets (MSN/Yahoo roundups) include CAT in the slate of major earnings this week and summarize what analysts will watch—revenue, margins, guidance and aftermarket demand—without taking a firm directional stance. Apple, Microsoft, Tesla, and Caterpillar set to report earnings this week
• Neutral Sentiment: “What to expect” guides — Preview pieces outline the key models to watch (segment revenue, backlog, pricing, cost pressures) and consensus estimates, setting expectations but not changing the fundamental debate. What to expect from Caterpillar’s (CAT) Q4 earnings
• Negative Sentiment: Analyst caution on profits — Zacks warns that CAT may report its sixth straight quarterly EPS decline due to weaker pricing and rising costs despite higher volumes, a development that could pressure near-term sentiment if management doesn’t show margin recovery or constructive guidance. Caterpillar is Set to Report Q4 Earnings: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Consensus metric focus — A separate Zacks preview lists Wall Street estimates for key metrics (segments, backlog, margins) that investors will use to judge whether the company is stabilizing profits; misses could trigger a pullback, beats could reinforce the rally. Ahead of Caterpillar (CAT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Caterpillar Stock Up 0.5%

Shares of NYSE CAT opened at $639.03 on Wednesday. The company’s 50 day moving average price is $598.01 and its 200-day moving average price is $515.39. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $655.78. The company has a market capitalization of $299.05 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 2.45 and a beta of 1.57.

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 analysts’ consensus estimates of $4.52 by $0.43. The business had revenue of $17.64 billion during 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%. Caterpillar’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.17 earnings per share. Equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

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

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.