Caterpillar Inc. $CAT Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 48.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 122,936 shares of the industrial products company’s stock after selling 113,970 shares during the quarter. Jennison Associates LLC’s holdings in Caterpillar were worth $70,426,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Caterpillar by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock worth $26,572,681,000 after purchasing an additional 442,164 shares during the period. Wellington Management Group LLP raised its holdings in shares of Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock valued at $2,494,568,000 after acquiring an additional 5,098,964 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 609,023 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of 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 valued at $1,337,007,000 after acquiring an additional 58,993 shares during the last quarter. Finally, Amundi raised its holdings in shares of Caterpillar by 24.3% during the third quarter. Amundi now owns 2,375,710 shares of the industrial products company’s stock valued at $1,176,870,000 after acquiring an additional 464,036 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, insider Anthony D. Fassino sold 7,891 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the completion of the transaction, the insider directly owned 46,643 shares in the company, valued at approximately $36,236,946.70. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joseph E. Creed sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $718.93, for a total value of $1,797,325.00. Following the sale, the chief executive officer directly owned 35,083 shares of the company’s stock, valued at approximately $25,222,221.19. This trade represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. In 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 company insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and raised outlook — CAT reported adjusted EPS and revenue well above estimates, drove a sizable year-over-year revenue gain and raised annual guidance on stronger demand for construction and power equipment. Caterpillar expects AI-driven demand for power, construction to fuel growth
• Positive Sentiment: Record backlog and AI-driven power demand — Management cited a record backlog and rising demand for power and energy equipment to support data centers (AI buildout), underpinning multi-year revenue visibility for the power segment. Caterpillar stock jumps on record backlog, boom in power and energy equipment for data centers
• Positive Sentiment: Strategic partnership for power assets — A framework agreement with PROPWR (ProPetro) to supply up to 2.1 GW of power generation capacity reinforces Caterpillar’s exposure to data-center and industrial power demand. That supports the company’s growth story beyond traditional construction equipment. ProPetro, Caterpillar Partner on Multi-Year Power Buildout Through 2032
• Positive Sentiment: Capital returns — CAT deployed $5.7 billion for share repurchases and dividends in Q1, a concrete driver of EPS accretion and shareholder value that supports the stock’s rally. Caterpillar Reports First-Quarter 2026 Results
• Positive Sentiment: Market reaction & analyst support — ETFs and broader market flows grabbed CAT exposure after the earnings-led rally; banks and some analysts have raised estimates/targets, reinforcing momentum. ETFs tied to Caterpillar jump after the stock’s earnings-driven rally
• Neutral Sentiment: Broader market context — CAT’s move helped lift the Dow and contributed to intraday index strength, but part of the move reflects market positioning around big-cap earnings rather than company-specific news alone. Dow rises 730 points, S&P 500 hits new intraday high
• Neutral Sentiment: Corporate housekeeping — Caterpillar announced its virtual annual shareholder meeting (June 10), which is routine and unlikely to move the share price materially. Caterpillar Announces Virtual 2026 Shareholder Meeting
• Negative Sentiment: Tariff and cost pressure — Management warned of significant tariff costs for 2026 and analysts flagged tariffs as a margin headwind, which could limit upside to margins even as revenue grows. Caterpillar expecting significant tariff costs again for 2026

Analysts Set New Price Targets

A number of equities analysts have commented on CAT shares. Truist Financial increased their target price on Caterpillar from $786.00 to $920.00 and gave the company a “buy” rating in a report on Monday, April 20th. Robert W. Baird increased their target price on Caterpillar from $805.00 to $940.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Wolfe Research increased their target price on Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Barclays increased their target price on Caterpillar from $625.00 to $700.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Finally, CICC Research started coverage on Caterpillar in a report on Friday, February 6th. They set an “outperform” rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and an average price target of $767.77.

Caterpillar Price Performance

NYSE:CAT opened at $890.91 on Friday. Caterpillar Inc. has a one year low of $311.02 and a one year high of $896.98. 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 stock has a market cap of $414.53 billion, a PE ratio of 47.34, a P/E/G ratio of 1.87 and a beta of 1.52. The stock has a 50 day moving average price of $746.86 and a 200 day moving average price of $655.04.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same quarter last year, the firm earned $4.25 earnings per share. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts expect that Caterpillar Inc. will post 22.89 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is currently 32.09%.

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.