Jackson Square Capital LLC Cuts Stake in Caterpillar Inc. $CAT

Jackson Square Capital LLC decreased its stake in Caterpillar Inc. (NYSE:CAT) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,381 shares of the industrial products company’s stock after selling 1,916 shares during the period. Jackson Square Capital LLC’s holdings in Caterpillar were worth $4,476,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CAT. Norges Bank bought a new stake in Caterpillar during the 2nd quarter valued at $2,165,899,000. Groupe la Francaise lifted its holdings in Caterpillar by 82.0% during the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock worth $10,820,000 after purchasing an additional 12,278 shares in the last quarter. Trivium Point Advisory LLC boosted its stake in Caterpillar by 132.9% in the 2nd quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock worth $748,000 after purchasing an additional 1,099 shares during the period. Union Bancaire Privee UBP SA grew its holdings 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 valued at $21,014,000 after buying an additional 28,773 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Caterpillar by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock valued at $26,037,000 after buying an additional 7,125 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 8,184 shares of Caterpillar stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 10,707 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the sale, the insider owned 8,649 shares in the company, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 79,061 shares of company stock worth $41,949,366 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Key Stores Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Bernstein raised its price target on CAT to $630 from $557, signaling upgraded earnings/volume expectations and giving investors a higher valuation anchor for the stock. Caterpillar price target raised to $630 from $557 at Bernstein
• Positive Sentiment: A Zacks piece highlights Caterpillar as one of three manufacturers benefiting from supply-chain reshoring into 2026, which supports stronger domestic sales, parts demand and shorter lead times — positive for order visibility and margins. 3 Manufacturing Stocks Benefiting From Supply-Chain Shifts Into 2026
• Positive Sentiment: Caterpillar will show new motor graders, a dozer and an excavator at ConExpo 2026 — product refreshes can spur replacement cycles and aftermarket revenue, supporting near- to mid-term sales growth. Caterpillar to Reveal New Motor Graders, Dozer, Excavator at ConExpo 2026
• Positive Sentiment: A Financial Post article reports a Canadian Caterpillar dealer on a record run amid a construction boom, evidence of strong end-market demand that can lift unit sales and parts/service revenue. Canada’s Building Push Puts Caterpillar Dealer on a Record Run
• Neutral Sentiment: A Zacks comparison of CAT vs. KMTUY reiterates CAT’s revenue-revival thesis and infrastructure tailwinds but also reminds investors to weigh valuation and competitive factors — supportive context but not new company-specific news. CAT vs. KMTUY: Which Heavy Equipment Stock is the Better Buy?
• Negative Sentiment: Earlier headlines noted Caterpillar shares contributed to a Dow decline, a reminder that broader market volatility can push the stock down even with positive company-specific news. Caterpillar, NVIDIA Corp. share losses lead Dow’s 132-point fall

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CAT. Argus upped their target price on shares of Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Morgan Stanley upped their target price on Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. Citigroup upgraded shares of Caterpillar from a “buy” rating to a “mixed” rating in a research report on Tuesday. Finally, Robert W. Baird upped 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. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $616.00.

Caterpillar Trading Up 1.8%

Shares of CAT opened at $576.19 on Friday. The firm has a fifty day simple moving average of $562.75 and a two-hundred day simple moving average of $468.71. Caterpillar Inc. has a twelve month low of $267.30 and a twelve month high of $627.50. The stock has a market capitalization of $269.65 billion, a P/E ratio of 29.58, a PEG ratio of 2.66 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 1.34.

Caterpillar (NYSE:CAT) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.17 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is presently 31.01%.

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.