Levin Capital Strategies L.P. Lowers Holdings in Caterpillar Inc. $CAT

Levin Capital Strategies L.P. decreased its position in Caterpillar Inc. (NYSE:CAT) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 75,245 shares of the industrial products company’s stock after selling 621 shares during the quarter. Caterpillar makes up 3.7% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 5th biggest holding. Levin Capital Strategies L.P.’s holdings in Caterpillar were worth $43,106,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CAT. Revolve Wealth Partners LLC raised its stake in shares of Caterpillar by 2.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 16 shares during the last quarter. Security Financial Services INC. raised its stake in shares of Caterpillar by 0.4% in the fourth quarter. Security Financial Services INC. now owns 3,609 shares of the industrial products company’s stock worth $2,068,000 after purchasing an additional 16 shares during the last quarter. Purus Wealth Management LLC raised its stake in shares of Caterpillar by 0.5% in the fourth quarter. Purus Wealth Management LLC now owns 3,018 shares of the industrial products company’s stock worth $1,729,000 after purchasing an additional 16 shares during the last quarter. Montecito Bank & Trust raised its stake in shares of Caterpillar by 0.5% in the fourth quarter. Montecito Bank & Trust now owns 3,362 shares of the industrial products company’s stock worth $1,926,000 after purchasing an additional 17 shares during the last quarter. Finally, KWB Wealth raised its stake in shares of Caterpillar by 3.2% in the fourth quarter. KWB Wealth now owns 549 shares of the industrial products company’s stock worth $315,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group restated a “neutral” rating and issued a $677.00 price target on shares of Caterpillar in a research note on Monday, February 2nd. JPMorgan Chase & Co. upped their price objective on Caterpillar from $765.00 to $860.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Oppenheimer upped their price objective on Caterpillar from $817.00 to $832.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Citigroup upped their price objective on Caterpillar from $785.00 to $905.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Sanford C. Bernstein upped their price objective on Caterpillar from $678.00 to $769.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Sixteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $767.77.

Caterpillar Stock Performance

Shares of CAT opened at $810.23 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The business has a 50-day simple moving average of $744.25 and a two-hundred day simple moving average of $653.39. The stock has a market cap of $376.99 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 1.91 and a beta of 1.52. Caterpillar Inc. has a 52 week low of $302.17 and a 52 week high of $845.27.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping analysts’ consensus estimates of $4.57 by $0.97. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.43 billion. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%. On average, analysts expect that Caterpillar Inc. will post 22.89 EPS for the current year.

Caterpillar Announces Dividend

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

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 results: Caterpillar beat estimates — adjusted EPS $5.54 vs. $4.57 expected and revenue of ~$17.4B (up ~22% Y/Y). Strong margins, 45.8% ROE and robust cash returns (share repurchases/dividends of $5.7B) support earnings quality and shareholder returns. Caterpillar Reports First-Quarter 2026 Results
• Positive Sentiment: Energy/power growth: Caterpillar struck a framework agreement with ProPetro’s PROPWR to supply up to 2.1 GW of power generation assets for data centers, oil & gas and industrial customers — a boost to the Power Systems segment and recurring aftermarket opportunities. PROPWR Secures Strategic Framework Agreement with Caterpillar Inc.
• Positive Sentiment: Analyst support: Bank of America raised its price target on CAT and reiterated a Buy, citing broadening equipment demand recovery; continued analyst upgrades help underpin longer‑term sentiment. Bank of America Sees Caterpillar Benefiting From Broadening Equipment Demand Recovery
• Neutral Sentiment: Minor estimate tweaks: Erste Group nudged FY2026/27 EPS estimates slightly higher — a modest incremental validation of the beat but not a large guidance shift. MarketBeat Analyst Note
• Neutral Sentiment: Pre‑earnings coverage framed CAT as a mixed case: rising revenue and EPS but with factors to watch; these previews set expectations ahead of the print. Caterpillar Q1 earnings preview
• Negative Sentiment: Valuation and cost concerns: Analysts and previews flagged a premium valuation after a strong YTD run and noted higher costs could pressure margins; that likely explains some profit‑taking despite the beat. Caterpillar is Set to Report Q1 Earnings: Buy, Sell or Hold the Stock?

Insiders Place Their Bets

In other Caterpillar news, CAO William E. Schaupp sold 972 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $764.20, for a total value of $742,802.40. Following the completion of the sale, the chief accounting officer owned 824 shares in the company, valued at $629,700.80. This represents a 54.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rodney Michael Shurman sold 2,278 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the transaction, the insider directly owned 1,443 shares of the company’s stock, valued at approximately $1,096,117.23. This trade represents a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 125,950 shares of company stock valued at $88,577,390. 0.33% of the stock is currently owned by corporate insiders.

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.