12,400 Shares in Caterpillar Inc. $CAT Acquired by Barometer Capital Management Inc.

Posted by Defense World Staff on Mar 12th, 2026

Barometer Capital Management Inc. purchased a new position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,400 shares of the industrial products company’s stock, valued at approximately $5,900,000. Caterpillar comprises approximately 1.5% of Barometer Capital Management Inc.’s holdings, making the stock its 23rd biggest position.

Other hedge funds also recently bought and sold shares of the company. Kendall Capital Management acquired a new stake in Caterpillar during the 3rd quarter valued at $239,000. Financial Life Planners bought a new position in Caterpillar during the 3rd quarter worth approximately $110,000. Mackenzie Financial Corp boosted its holdings in Caterpillar by 84.2% in the third quarter. Mackenzie Financial Corp now owns 310,048 shares of the industrial products company’s stock worth $147,939,000 after purchasing an additional 141,692 shares during the period. Quadrant Capital Group LLC grew its position in shares of Caterpillar by 0.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 13,243 shares of the industrial products company’s stock valued at $6,319,000 after buying an additional 40 shares during the last quarter. Finally, FourThought Financial Partners LLC raised its position in shares of Caterpillar by 0.6% during the 3rd quarter. FourThought Financial Partners LLC now owns 13,291 shares of the industrial products company’s stock worth $6,342,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

NYSE:CAT opened at $707.76 on Thursday. The company’s 50-day moving average price is $689.45 and its two-hundred day moving average price is $581.29. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $789.81. The firm has a market cap of $329.31 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 1.69 and a beta of 1.54.

Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The company had revenue of $19.13 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company posted $5.14 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $720.11, for a total value of $16,314,812.16. Following the completion of the sale, the insider owned 79,953 shares in the company, valued at $57,574,954.83. This trade represents a 22.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 10,671 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $680.45, for a total value of $7,261,081.95. Following the transaction, the insider owned 41,151 shares in the company, valued at approximately $28,001,197.95. This trade represents a 20.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 135,950 shares of company stock valued at $94,327,990. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CAT shares. Truist Financial lifted their price target on Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Wells Fargo & Company lifted their target price on Caterpillar from $756.00 to $870.00 and gave the stock an “overweight” rating in a report on Wednesday, February 25th. Argus raised their target price on shares of Caterpillar from $625.00 to $820.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Daiwa Securities Group increased their price target on Caterpillar from $640.00 to $790.00 in a research report on Wednesday, February 25th. Finally, Citigroup raised their price objective on shares of Caterpillar from $760.00 to $785.00 and gave the stock a “buy” rating in a research note on Monday. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $730.50.

Check Out Our Latest Report on Caterpillar

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Citi raised its price objective to $785 (from $760) and reiterated a Buy, citing healthy demand signals from ConExpo and stronger U.S. construction activity. Citi Boosts Caterpillar (CAT) Price Objective, Sees Strong U.S. Construction Activity
Positive Sentiment: Oppenheimer lifted its price target to $817 (from $729) and maintained an Outperform rating, further supporting a bullish analyst backdrop. Oppenheimer Raises PT on Caterpillar Inc. (CAT) to $817 From $729 – Here’s Why
Positive Sentiment: Caterpillar signed a Global Framework Agreement with Atlas Energy Solutions to supply roughly 1.4 GW of power‑generation equipment (about $840M of manufacturing capacity) for 2027–2029, expanding Caterpillar’s energy business and multi‑year revenue visibility. Atlas Energy to buy $840 million in Caterpillar power assets
Positive Sentiment: Short interest fell ~17% in February to ~8.3M shares (1.8% of float), which reduces immediate short‑selling pressure and can be a tailwind for the stock if buying resumes. Data note
Neutral Sentiment: Analyst coverage remains constructive overall (average “Moderate Buy”), with several firms highlighting long‑term demand drivers even as opinions vary on timing. Caterpillar Inc. (NYSE:CAT) Receives Average Recommendation of “Moderate Buy” from Analysts
Neutral Sentiment: Industry/management commentary on AI, data and industrial innovation offers longer‑term operational upside but is not an immediate earnings catalyst. Caterpillar’s Ogi Redzic On AI, Data And Industrial Innovation
Negative Sentiment: Despite the positive headlines, the stock is down today and has shown recent short‑term weakness; Zacks flagged a larger intraday drop versus the broader market. Caterpillar (CAT) Suffers a Larger Drop Than the General Market: Key Insights
Negative Sentiment: Valuation and “overvaluation” narratives plus commentary that strong cash flows don’t guarantee outsized returns are keeping some investors cautious after recent gains. Assessing Caterpillar’s Valuation After Recent Share Price Weakness And A Popular Overvaluation Narrative

About Caterpillar

(Free Report)

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.