Keybank National Association OH Increases Stock Holdings in Caterpillar Inc. $CAT

Keybank National Association OH increased its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 241,629 shares of the industrial products company’s stock after acquiring an additional 4,256 shares during the quarter. Keybank National Association OH’s holdings in Caterpillar were worth $171,185,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Lam Group Inc. purchased a new stake in shares of Caterpillar in the 1st quarter valued at approximately $26,000. Torren Management LLC purchased a new stake in shares of Caterpillar during the 4th quarter valued at approximately $27,000. Frazier Financial Advisors LLC lifted its holdings in Caterpillar by 220.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 33 shares during the last quarter. IFS Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth approximately $31,000. Finally, Cornerstone Financial Management LLC purchased a new position in Caterpillar in the fourth quarter worth approximately $32,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Caterpillar news, insider Anthony D. Fassino sold 16,283 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This trade represents a 26.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares of the company’s stock, valued at approximately $48,631,913.85. This trade represents a 22.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,773 shares of company stock valued at $87,642,635. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CAT shares. UBS Group restated a “neutral” rating and issued a $900.00 target price on shares of Caterpillar in a research report on Tuesday, June 2nd. Sanford C. Bernstein increased their price target on Caterpillar from $769.00 to $879.00 and gave the stock a “market perform” rating in a report on Friday, May 1st. Wolfe Research raised their price objective on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Rothschild & Co Redburn boosted their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Argus upped their target price on shares of Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $949.41.

Caterpillar Stock Down 2.6%

NYSE:CAT opened at $965.44 on Friday. Caterpillar Inc. has a 52 week low of $388.09 and a 52 week high of $1,073.46. The stock’s fifty day moving average is $915.19 and its two-hundred day moving average is $767.65. The stock has a market capitalization of $444.67 billion, a price-to-earnings ratio of 48.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.57. 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 quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. The business had revenue of $17.41 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%.The company’s revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm posted $4.25 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 24.66 EPS for the current year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be given a $1.63 dividend. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.7%. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 30.06%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Truist raised its price target on Caterpillar to $1,218 from $1,043 and kept a Buy rating, signaling confidence in further upside from current levels. Benzinga coverage of Truist rating update
• Positive Sentiment: Multiple research updates highlighted stronger earnings expectations, including Zacks lifting Q2 2028 estimates and reaffirming a Strong Buy view, which supports the stock’s long-term outlook. Zacks analyst coverage
• Positive Sentiment: Caterpillar announced an investment in Texas manufacturing workforce development, which could help address labor shortages and support future production capacity. PR Newswire article
• Neutral Sentiment: Several market commentary pieces pointed out that CAT remains a blue-chip industrial favorite, with strong backlog, Q1 growth, and inclusion in the Russell Top 50 Index supporting its recent run. Yahoo Finance article
• Negative Sentiment: Michael Burry disclosed a first-ever short position in Caterpillar, arguing the stock has become too expensive after a big AI-driven move, which is pressuring sentiment around CAT. Yahoo Finance article
• Negative Sentiment: Additional reports echoed Burry’s bearish bet and questioned whether Caterpillar’s valuation has outrun fundamentals, reinforcing downside pressure on the shares. IBTimes article

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.