Assenagon Asset Management S.A. Sells 404,965 Shares of Caterpillar Inc. $CAT

Assenagon Asset Management S.A. trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 96.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,470 shares of the industrial products company’s stock after selling 404,965 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Caterpillar were worth $8,862,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversified Trust Co. lifted its position in shares of Caterpillar by 30.7% during the fourth quarter. Diversified Trust Co. now owns 10,234 shares of the industrial products company’s stock worth $5,863,000 after purchasing an additional 2,404 shares during the last quarter. Peterson Wealth Advisors LLC boosted its holdings in shares of Caterpillar by 12.7% in the fourth quarter. Peterson Wealth Advisors LLC now owns 947 shares of the industrial products company’s stock valued at $542,000 after purchasing an additional 107 shares during the period. Leverty Financial Group LLC boosted its holdings in shares of Caterpillar by 6.3% in the fourth quarter. Leverty Financial Group LLC now owns 670 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 40 shares during the period. Montecito Bank & Trust grew its stake in Caterpillar by 0.5% in the fourth quarter. Montecito Bank & Trust now owns 3,362 shares of the industrial products company’s stock worth $1,926,000 after purchasing an additional 17 shares in the last quarter. Finally, Affinity Capital Advisors LLC raised its position in Caterpillar by 12.2% during the 4th quarter. Affinity Capital Advisors LLC now owns 1,623 shares of the industrial products company’s stock valued at $930,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Erste Group nudged up its profit forecasts — the bank raised FY2027 EPS to $27.95 (from $27.65) and slightly lifted FY2026 to $22.70, both well above the street consensus of ~$19.86. This supports a stronger earnings outlook for CAT. Erste Group raises EPS estimates
• Neutral Sentiment: Deal and growth coverage — coverage of Caterpillar supplying power‑generation equipment to Atlas Energy and its role in powering Nscale’s AI compute campus highlights revenue diversification and exposure to AI/energy demand, but analysts are mixed on near-term financial impact and timing. Analysts mixed on Atlas Energy agreement Caterpillar and Nscale AI campus
• Neutral Sentiment: Community & STEM initiatives may support brand and hiring but have limited direct near‑term financial impact (Alvernia collaboration; Goodwill Arkansas funding). Alvernia partnership Goodwill Arkansas funding
• Negative Sentiment: Heightened legal risk — Caterpillar has countersued Bobcat (Doosan Bobcat) over alleged patent infringement and has accused the rival of industrial espionage; litigation can lead to legal costs, injunction risk or distraction. Reuters: Caterpillar countersues Bobcat ENR: alleges industrial espionage
• Negative Sentiment: Divestment headline — Washington state sold off ~$62M of Caterpillar bonds amid activist pressure; public-sector divestment can dent sentiment and signal ESG-related investor risk. WA sells Caterpillar bonds
• Negative Sentiment: Market/sector selloff — Caterpillar was mentioned among stocks that weighed on the Dow amid a near‑350 point decline, so broad risk‑off flows likely pressured the share price alongside company‑specific headlines. Market drop including CAT

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Caterpillar in a research report on Monday, December 29th. Rothschild & Co Redburn boosted their price target on shares of Caterpillar from $650.00 to $700.00 and gave the company a “neutral” rating in a report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of Caterpillar from $756.00 to $870.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada boosted their price objective on shares of Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Finally, Oppenheimer upped their target price on Caterpillar from $729.00 to $817.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $730.50.

Insider Activity at Caterpillar

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of Caterpillar stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total transaction of $742,802.40. Following the completion of the sale, the chief accounting officer owned 824 shares of the company’s stock, valued at approximately $629,700.80. The trade was a 54.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony D. Fassino sold 7,891 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $776.90, for a total value of $6,130,517.90. Following the completion of the transaction, the insider directly owned 46,643 shares in the company, valued at $36,236,946.70. This represents a 14.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 135,950 shares of company stock worth $94,327,990 in the last quarter. 0.33% of the stock is owned by insiders.

Caterpillar Price Performance

Shares of NYSE CAT opened at $695.49 on Friday. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $789.81. The company has a market cap of $323.61 billion, a PE ratio of 36.96, a P/E/G ratio of 1.66 and a beta of 1.54. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. The business has a 50-day simple moving average of $708.66 and a two-hundred day simple moving average of $603.12.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The business had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm earned $5.14 earnings per share. The company’s revenue was up 17.9% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

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.