Country Trust Bank Sells 21,676 Shares of Caterpillar Inc. $CAT

Country Trust Bank lowered its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 19.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,904 shares of the industrial products company’s stock after selling 21,676 shares during the quarter. Country Trust Bank’s holdings in Caterpillar were worth $42,421,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in shares of Caterpillar by 2.3% during the second quarter. Fisher Asset Management LLC now owns 9,418,321 shares of the industrial products company’s stock valued at $3,656,286,000 after buying an additional 208,196 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Caterpillar by 36,842.1% during the second quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock valued at $2,833,836,000 after acquiring an additional 7,279,991 shares in the last quarter. Norges Bank bought a new stake in Caterpillar in the 2nd quarter valued at $2,165,899,000. Charles Schwab Investment Management Inc. lifted its stake in Caterpillar by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,337,915 shares of the industrial products company’s stock worth $1,295,432,000 after purchasing an additional 33,467 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Caterpillar by 4.5% during the 2nd quarter. Invesco Ltd. now owns 3,282,720 shares of the industrial products company’s stock valued at $1,274,385,000 after purchasing an additional 140,784 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Up 1.3%

NYSE CAT opened at $647.05 on Friday. 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 Inc. has a 52 week low of $267.30 and a 52 week high of $652.36. The firm has a market capitalization of $302.81 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.57. The company has a fifty day moving average of $585.21 and a two-hundred day moving average of $500.31.

Caterpillar (NYSE:CAT) last released its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.43. The firm 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 business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $5.17 EPS. On average, analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be paid a dividend of $1.51 per share. The ex-dividend date of this dividend 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 is currently 31.01%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CAT. Bank of America boosted their target price on Caterpillar from $650.00 to $708.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Caterpillar from $612.00 to $680.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Oppenheimer increased their target price on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wolfe Research boosted their price target on shares of Caterpillar from $470.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Finally, Royal Bank Of Canada started coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $623.10.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Bank of America raised its price target to $708 and kept a “buy” rating, signaling analyst confidence and implying upside from current levels. Article Title
• Positive Sentiment: JPMorgan raised its price target to $740 and reiterated an “overweight” rating, providing further institutional endorsement that supports upward price pressure. Article Title
• Positive Sentiment: Reports note CAT’s market value topped $300 billion amid an AI-related rally, which can attract momentum/chase buying and raises visibility among tech-focused funds. Article Title
• Positive Sentiment: Caterpillar announced a partnership with NVIDIA to develop foundations for autonomous systems — a strategic move toward higher-margin, tech-enabled equipment and a growth narrative beyond traditional heavy-equipment cycles. Article Title
• Positive Sentiment: Coverage highlighting CAT’s ~30% payout ratio argues the dividend is sustainable through downturns, which supports income-focused investor demand. Article Title
• Neutral Sentiment: Caterpillar set Jan. 29 for its Q4 and full-year 2025 results release — a scheduled catalyst that could move the stock depending on guidance and results versus expectations. Article Title
• Neutral Sentiment: Leadership transition: Tony Fassino will retire May 31 and Rod Shurman will take over Construction Industries on Feb. 1. The internal successor reduces execution risk, so this reads as orderly rather than disruptive. Article Title
• Neutral Sentiment: Third-party bullish write-ups summarize upside cases (valuation, durable franchise, AI/automation exposure) — these can reinforce momentum but are not primary catalysts on their own. Article Title

Insider Transactions at Caterpillar

In related news, insider Jason Kaiser sold 10,707 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. This trade represents a 55.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 8,184 shares of the company’s stock in a transaction on 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 in the company, valued at $23,669,312.16. This trade represents a 16.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 54,729 shares of company stock valued at $31,084,308. Company 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.