Procyon Advisors LLC Sells 848 Shares of Caterpillar Inc. $CAT

Procyon Advisors LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,213 shares of the industrial products company’s stock after selling 848 shares during the period. Procyon Advisors LLC’s holdings in Caterpillar were worth $4,873,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CAT. Kilter Group LLC bought a new stake in shares of Caterpillar during the 2nd quarter worth $27,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Caterpillar during the second quarter valued at about $28,000. Marquette Asset Management LLC lifted its stake in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares during the last quarter. Family Legacy Financial Solutions LLC purchased a new position in shares of Caterpillar in the 2nd quarter worth about $32,000. Finally, RiverPark Advisors LLC bought a new position in shares of Caterpillar during the 2nd quarter valued at about $32,000. 70.98% of the stock is currently owned by institutional investors.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: JPMorgan raised its price target on CAT to $740 from $730 and reiterated an “overweight” rating, implying roughly a mid-teens upside vs. recent levels — a clear buy-side signal that can support near-term inflows. JPMorgan raises price target
• Positive Sentiment: Caterpillar’s market capitalization topped $300 billion amid an AI-driven rally, a sign investors are attributing incremental growth/efficiency or multiple expansion to AI exposure — this momentum can attract momentum traders and ETFs. Caterpillar Crosses $300 Billion
• Neutral Sentiment: A bullish thesis piece summarizes upside drivers for CAT (valuation, services, AI/automation tailwinds). It reinforces positive narratives but is an opinion piece rather than company disclosure. Bull Case Theory
• Neutral Sentiment: Caterpillar announced a planned leadership transition in Construction Industries: long-time group president Tony Fassino will retire May 31, 2026, with internal successor Rod Shurman named effective Feb. 1 — an orderly, internal promotion that suggests continuity rather than disruption. Leadership Transition
• Negative Sentiment: Be aware of ticker confusion: a separate small-cap miner, CAT Strategic Metals (ticker CAT on other exchanges), announced an REE project MOU — unrelated to Caterpillar Inc. Misreading that news could create noisy, misleading headlines for retail investors. CAT Strategic Metals MOU

Analyst Ratings Changes

Several brokerages have issued reports on CAT. Bank of America upped their target price on Caterpillar from $594.00 to $650.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and boosted their target price for the company from $405.00 to $660.00 in a research note on Wednesday, November 5th. Argus boosted their price objective on Caterpillar from $460.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, November 19th. Citigroup increased their target price on shares of Caterpillar from $690.00 to $710.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada initiated coverage on shares of Caterpillar in a report on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective on the stock. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.20.

Insider Buying and Selling at Caterpillar

In related news, insider Jason Kaiser sold 10,707 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $563.60, for a total transaction of $6,034,465.20. Following the completion of the transaction, the insider directly owned 8,649 shares in the company, valued at $4,874,576.40. This trade represents a 55.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO William E. Schaupp sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $572.22, for a total value of $686,664.00. Following the completion of the sale, the chief accounting officer owned 1,323 shares in the company, valued at approximately $757,047.06. The trade was a 47.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 54,729 shares of company stock worth $31,084,308. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.3%

Shares of CAT stock opened at $638.66 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $298.88 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.57. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $644.59. The stock’s 50-day moving average price is $583.66 and its 200-day moving average price is $499.29.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share for the quarter, beating 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%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $5.17 EPS. Equities research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is currently 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.