State of Alaska Department of Revenue Reduces Holdings in Caterpillar Inc. $CAT

State of Alaska Department of Revenue decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,343 shares of the industrial products company’s stock after selling 2,475 shares during the period. State of Alaska Department of Revenue’s holdings in Caterpillar were worth $24,021,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Caterpillar by 2.3% during the 2nd quarter. Fisher Asset Management LLC now owns 9,418,321 shares of the industrial products company’s stock worth $3,656,286,000 after acquiring an additional 208,196 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Caterpillar by 36,842.1% in the 2nd 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 purchasing an additional 7,279,991 shares during the period. Norges Bank purchased a new stake in Caterpillar in the second quarter worth $2,165,899,000. Charles Schwab Investment Management Inc. grew its stake in Caterpillar by 1.0% in the second 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 during the period. Finally, Invesco Ltd. raised its holdings in Caterpillar by 4.5% in the second quarter. Invesco Ltd. now owns 3,282,720 shares of the industrial products company’s stock worth $1,274,385,000 after purchasing an additional 140,784 shares in the last quarter. 70.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 14,638 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total value of $8,231,825.68. Following the completion of the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Maclennan purchased 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $568.86 per share, with a total value of $170,658.00. Following the completion of the purchase, the director directly owned 7,947 shares in the company, valued at $4,520,730.42. The trade was a 3.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders sold 54,729 shares of company stock worth $31,084,308. Company insiders own 0.33% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Zacks Research raised earnings estimates across multiple upcoming quarters and lifted FY2026 EPS materially (to $21.01 from $20.01). Higher analyst EPS forecasts support stronger forward earnings visibility and help justify the stock’s rally.
• Positive Sentiment: Caterpillar expanded its strategic collaboration with NVIDIA to embed AI, autonomy and edge computing across machines, factories and supply chains — a move that could create new software, services and recurring‑revenue opportunities and improve equipment productivity. PR Newswire: Caterpillar Teams With NVIDIA
• Positive Sentiment: At CES Caterpillar unveiled the Cat AI assistant and previewed autonomous/intelligent construction machines, plus a $25M workforce/innovation pledge — product demos that signal a clear path to differentiation and potential margin/aftermarket upside. Caterpillar Press Release: Next Era of Autonomy
• Neutral Sentiment: Options volume spiked unusually high, indicating elevated trader interest and short‑term volatility risk — this can amplify moves but doesn’t change the underlying fundamentals. AmericanBankingNews: Options Volume
• Neutral Sentiment: Media coverage (features on CES demos, strategy pieces) is raising investor attention; useful for sentiment but not an immediate earnings driver. Zacks: Investor Attention
• Negative Sentiment: Policy risk: articles note that prior tariff support boosted domestic demand for Cat equipment; a potential rollback of tariffs would remove that tailwind and could weigh on near‑term demand. 247WallSt: Tariff Takedown Threat

Analyst Ratings Changes

A number of brokerages have weighed in on CAT. Jefferies Financial Group upped their price objective on shares of Caterpillar from $570.00 to $700.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Citigroup raised Caterpillar from a “buy” rating to a “mixed” rating in a research report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Caterpillar in a research note on Monday, December 29th. Barclays boosted their target price on Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada assumed coverage on Caterpillar in a report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $618.70.

Caterpillar Trading Up 2.1%

Shares of CAT stock opened at $608.82 on Friday. The stock has a market capitalization of $284.91 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.32 and a beta of 1.57. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $627.50. The firm’s 50 day moving average is $578.52 and its 200 day moving average is $491.35.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, topping the consensus estimate of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. During the same period in the prior year, the business posted $5.17 EPS. Caterpillar’s revenue was up 9.5% on a year-over-year basis. Research analysts expect that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be given a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s payout ratio is currently 31.01%.

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.