Caterpillar Inc. $CAT Shares Purchased by Strs Ohio

Strs Ohio boosted its stake in Caterpillar Inc. (NYSE:CAT) by 17.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,828 shares of the industrial products company’s stock after acquiring an additional 25,675 shares during the period. Strs Ohio’s holdings in Caterpillar were worth $100,154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. LVZ Inc. acquired a new stake in Caterpillar in the fourth quarter valued at $218,000. Pines Wealth Management LLC raised its holdings in Caterpillar by 7.8% in the fourth quarter. Pines Wealth Management LLC now owns 2,055 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 149 shares in the last quarter. Sandro Wealth Management LLC acquired a new stake in shares of Caterpillar during the fourth quarter worth $204,000. Forza Wealth Management LLC raised its holdings in shares of Caterpillar by 8.6% during the fourth quarter. Forza Wealth Management LLC now owns 622 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 49 shares during the period. Finally, SevenBridge Financial Group LLC raised its holdings in shares of Caterpillar by 3.1% during the fourth quarter. SevenBridge Financial Group LLC now owns 12,702 shares of the industrial products company’s stock worth $8,078,000 after purchasing an additional 381 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CAT. Argus increased 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. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a report on Friday. Wells Fargo & Company increased their target price on shares of Caterpillar from $960.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Friday. Royal Bank Of Canada increased their target price on shares of Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a report on Friday, January 30th. Finally, UBS Group reissued a “neutral” rating and set a $677.00 target price on shares of Caterpillar in a report on Monday, February 2nd. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $854.86.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $890.15 on Friday. The firm’s 50 day moving average is $746.86 and its two-hundred day moving average is $655.04. Caterpillar Inc. has a 52 week low of $318.11 and a 52 week high of $905.00. The firm has a market capitalization of $414.18 billion, a P/E ratio of 47.30, a PEG ratio of 2.05 and a beta of 1.63. The company has a current ratio of 1.35, a quick ratio of 0.94 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same quarter last year, the business earned $4.25 earnings per share. Caterpillar’s revenue was up 22.2% compared to the same quarter last year. Analysts anticipate that Caterpillar Inc. will post 22.89 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a $1.51 dividend. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is presently 32.09%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar beat Q1 revenue and EPS expectations and reported a record backlog, driven by higher volume and pricing across construction and power systems — a core reason the stock rallied after earnings. Caterpillar expects AI-driven demand for power, construction to fuel growth — Reuters
• Positive Sentiment: Analysts sharply raised price targets and upgraded ratings (JPMorgan, Jefferies, Wells Fargo, Baird, Citigroup, Morgan Stanley among others), signaling renewed street confidence and creating upward momentum for the stock. Morgan Stanley Doubles Price Target to $915 — 247WallSt
• Positive Sentiment: Demand tied to AI/data-center buildouts is boosting Cat’s power and energy backlog; management is raising 2030 targets and plans to roughly triple power-generation capacity, which supports a multi-year growth runway beyond cyclical construction. Caterpillar to triple power generation capacity — Yahoo Finance
• Positive Sentiment: Market narrative has shifted: short interest and skeptical bears are receding as the AI-power story gains traction, amplifying upside as skeptics fold. Caterpillar’s biggest bear folds as AI power demand soars — Mining.com
• Positive Sentiment: Strategic partnerships (e.g., framework with ProPetro’s PROPWR) and large supply agreements for data-center and industrial power strengthen the revenue mix in higher-margin power systems. Caterpillar taps PROPWR and data centers — Yahoo Finance
• Neutral Sentiment: Technical momentum is strong (IBD composite rating surged toward the top of the universe) and the company announced a virtual annual shareholder meeting; these are market-interest and governance items rather than direct catalysts. IBD Composite Rating Surges — Yahoo/IBD
• Negative Sentiment: Management warned of significant tariff costs for 2026 — a $2.2B–$2.4B range — that will pressure margins and partially offset revenue strength; investors should watch margin trends and any changes to the tariff outlook. Caterpillar signals tariff cost range and 2026 sales growth — Seeking Alpha

Insider Buying and Selling

In other Caterpillar news, insider Lange Bob De sold 22,656 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $720.11, for a total transaction of $16,314,812.16. Following the transaction, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. This trade represents a 22.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO William E. Schaupp sold 972 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total transaction of $742,802.40. Following the transaction, the chief accounting officer directly owned 824 shares in the company, valued at approximately $629,700.80. The trade was a 54.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,950 shares of company stock valued at $88,577,390 in the last ninety days. Insiders own 0.33% of the company’s stock.

Caterpillar 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.