Caterpillar Inc. $CAT Shares Sold by Swedbank AB

Swedbank AB lessened its position in Caterpillar Inc. (NYSE:CAT) by 38.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 213,476 shares of the industrial products company’s stock after selling 131,935 shares during the quarter. Swedbank AB’s holdings in Caterpillar were worth $122,294,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Caterpillar by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock valued at $26,572,681,000 after purchasing an additional 442,164 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Caterpillar by 3,949.8% in the 3rd quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Caterpillar by 20.7% during the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock valued at $1,695,757,000 after purchasing an additional 609,023 shares during the last quarter. Legal & General Group Plc boosted its holdings in Caterpillar by 2.2% during the third quarter. Legal & General Group Plc now owns 2,802,068 shares of the industrial products company’s stock worth $1,337,007,000 after buying an additional 58,993 shares in the last quarter. Finally, Amundi grew its position in Caterpillar by 24.3% in the third quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock worth $1,176,870,000 after buying an additional 464,036 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CAT shares. Morgan Stanley set a $915.00 price objective on Caterpillar and gave the company an “equal weight” rating in a research report on Friday, May 1st. Bank of America lifted their target price on Caterpillar from $930.00 to $989.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Oppenheimer set a $980.00 target price on Caterpillar and gave the company an “outperform” rating in a report on Friday, May 1st. UBS Group reiterated a “neutral” rating and issued a $677.00 price target on shares of Caterpillar in a research report on Monday, February 2nd. Finally, Jefferies Financial Group lifted their price target on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sixteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus price target of $890.27.

Insider Buying and Selling

In other Caterpillar news, insider Rodney Michael Shurman sold 5,639 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $903.18, for a total value of $5,093,032.02. Following the transaction, the insider owned 2,546 shares in the company, valued at approximately $2,299,496.28. This represents a 68.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph E. Creed sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the completion of the sale, the chief executive officer owned 35,083 shares of the company’s stock, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 55,375 shares of company stock worth $42,494,287 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $927.22 on Thursday. The company’s fifty day moving average is $753.19 and its two-hundred day moving average is $662.31. The company has a market cap of $427.07 billion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63. Caterpillar Inc. has a 12-month low of $318.11 and a 12-month high of $930.54. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.Caterpillar’s revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.25 earnings per share. Equities analysts expect that Caterpillar Inc. will post 23.84 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be paid a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar’s payout ratio is 30.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 results and backlog: CAT reported revenue and EPS well above expectations and management flagged rising backlog and a constructive outlook — the core earnings beat remains the primary driver of momentum. Read More.
• Positive Sentiment: Analyst upgrades / bigger price targets: Multiple firms raised targets (Argus to $990 with a buy rating; HSBC raised its target sharply). These raises validate the stronger outlook and support re‑rating. Read More.
• Positive Sentiment: AI / data‑center narrative re‑rating the stock: Coverage framing CAT as an AI‑infrastructure beneficiary (generators, power systems, site construction) is attracting thematic buyers and helping push multiples higher. Read More.
• Positive Sentiment: Corporate wins and product traction: New commercial deployments of Cat autonomy and electric power products (e.g., Carmeuse selecting CAT autonomous hauling) support incremental revenue diversification. Read More.
• Positive Sentiment: Insider buy (supportive signal): Director David Maclennan purchased 250 shares, a modest but positive insider action that can reassure some investors. Read More.
• Neutral Sentiment: Mixed analyst nuance: DA Davidson raised its target to $845 but kept a Neutral rating — shows some analysts see upside but also limited near‑term stretch from current levels. Read More.
• Neutral Sentiment: Heavy media attention & options flow: Trending coverage and increased options activity are amplifying volatility and momentum; these raise trading volume but don’t necessarily change fundamentals. Read More.
• Negative Sentiment: Large insider sales: Two reported insider sales (including ~5.6k shares by Jason Kaiser and another ~5.6k by Rodney Shurman) reduce insider ownership and may concern some investors about near‑term profit‑taking. Read More.

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.