Caterpillar Inc. $CAT Stake Lowered by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Caterpillar Inc. (NYSE:CAT) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,675 shares of the industrial products company’s stock after selling 52,240 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Caterpillar were worth $104,818,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. WealthShield Partners LLC boosted its stake in Caterpillar by 1.6% during the 3rd quarter. WealthShield Partners LLC now owns 1,122 shares of the industrial products company’s stock valued at $535,000 after purchasing an additional 18 shares during the period. one8zero8 LLC raised its holdings in shares of Caterpillar by 3.2% during the third quarter. one8zero8 LLC now owns 619 shares of the industrial products company’s stock valued at $295,000 after buying an additional 19 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in shares of Caterpillar by 0.6% during the third quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock valued at $1,534,000 after buying an additional 20 shares during the last quarter. Cyr Financial Inc. boosted its position in shares of Caterpillar by 2.5% during the third quarter. Cyr Financial Inc. now owns 811 shares of the industrial products company’s stock worth $387,000 after buying an additional 20 shares during the period. Finally, Perennial Investment Advisors LLC grew its holdings in Caterpillar by 1.2% in the 3rd quarter. Perennial Investment Advisors LLC now owns 1,719 shares of the industrial products company’s stock worth $821,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CAT shares. CICC Research started coverage on Caterpillar in a research note on Friday, February 6th. They set an “outperform” rating on the stock. Morgan Stanley increased their price target on Caterpillar from $400.00 to $425.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 3rd. DA Davidson lifted their price objective on shares of Caterpillar from $569.00 to $650.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Bank of America upped their price objective on shares of Caterpillar from $735.00 to $825.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Williams Trading set a $825.00 target price on shares of Caterpillar in a research note on Tuesday. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average price target of $730.50.

Caterpillar Stock Down 1.2%

CAT opened at $707.76 on Thursday. 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 company has a market capitalization of $329.31 billion, a PE ratio of 37.61, a P/E/G ratio of 1.69 and a beta of 1.54. The stock’s fifty day moving average is $689.45 and its 200-day moving average is $581.29. Caterpillar Inc. has a one year low of $267.30 and a one year high of $789.81.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, beating the consensus estimate of $4.67 by $0.49. The business had revenue of $19.13 billion during the quarter, compared to analysts’ expectations of $17.81 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $5.14 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Citi raised its price objective to $785 (from $760) and reiterated a Buy, citing healthy demand signals from ConExpo and stronger U.S. construction activity. Citi Boosts Caterpillar (CAT) Price Objective, Sees Strong U.S. Construction Activity
• Positive Sentiment: Oppenheimer lifted its price target to $817 (from $729) and maintained an Outperform rating, further supporting a bullish analyst backdrop. Oppenheimer Raises PT on Caterpillar Inc. (CAT) to $817 From $729 – Here’s Why
• Positive Sentiment: Caterpillar signed a Global Framework Agreement with Atlas Energy Solutions to supply roughly 1.4 GW of power‑generation equipment (about $840M of manufacturing capacity) for 2027–2029, expanding Caterpillar’s energy business and multi‑year revenue visibility. Atlas Energy to buy $840 million in Caterpillar power assets
• Positive Sentiment: Short interest fell ~17% in February to ~8.3M shares (1.8% of float), which reduces immediate short‑selling pressure and can be a tailwind for the stock if buying resumes. Data note
• Neutral Sentiment: Analyst coverage remains constructive overall (average “Moderate Buy”), with several firms highlighting long‑term demand drivers even as opinions vary on timing. Caterpillar Inc. (NYSE:CAT) Receives Average Recommendation of “Moderate Buy” from Analysts
• Neutral Sentiment: Industry/management commentary on AI, data and industrial innovation offers longer‑term operational upside but is not an immediate earnings catalyst. Caterpillar’s Ogi Redzic On AI, Data And Industrial Innovation
• Negative Sentiment: Despite the positive headlines, the stock is down today and has shown recent short‑term weakness; Zacks flagged a larger intraday drop versus the broader market. Caterpillar (CAT) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Valuation and “overvaluation” narratives plus commentary that strong cash flows don’t guarantee outsized returns are keeping some investors cautious after recent gains. Assessing Caterpillar’s Valuation After Recent Share Price Weakness And A Popular Overvaluation Narrative

Insider Activity at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of Caterpillar stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total value of $5,750,600.00. Following the transaction, the chief financial officer owned 45,460 shares of the company’s stock, valued at $26,142,227.60. The trade was a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Denise C. Johnson sold 39,138 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $681.08, for a total transaction of $26,656,109.04. Following the completion of the sale, the insider owned 43,350 shares in the company, valued at $29,524,818. The trade was a 47.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 135,950 shares of company stock worth $94,327,990. Company insiders own 0.33% of the company’s stock.

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.