Farmers & Merchants Investments Inc. Sells 1,345 Shares of Caterpillar Inc. $CAT

Farmers & Merchants Investments Inc. reduced its position in Caterpillar Inc. (NYSE:CAT) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,136 shares of the industrial products company’s stock after selling 1,345 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Caterpillar were worth $14,400,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CAT. Legacy Wealth Managment LLC ID increased its holdings in shares of Caterpillar by 27.1% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 75 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 16 shares in the last quarter. Financial Partners Group Inc boosted its position in Caterpillar by 4.7% in the fourth quarter. Financial Partners Group Inc now owns 1,650 shares of the industrial products company’s stock valued at $945,000 after buying an additional 74 shares during the last quarter. LJI Wealth Management LLC boosted its position in Caterpillar by 7.2% in the fourth quarter. LJI Wealth Management LLC now owns 1,125 shares of the industrial products company’s stock valued at $645,000 after buying an additional 76 shares during the last quarter. Ethic Inc. boosted its position in Caterpillar by 2.4% in the fourth quarter. Ethic Inc. now owns 59,206 shares of the industrial products company’s stock valued at $33,917,000 after buying an additional 1,382 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in Caterpillar by 1.2% in the 4th quarter. Ballentine Partners LLC now owns 7,742 shares of the industrial products company’s stock worth $4,435,000 after purchasing an additional 91 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CAT has been the topic of a number of recent analyst reports. Citigroup increased their target price on Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Williams Trading set a $825.00 price objective on Caterpillar in a report on Tuesday, March 10th. DA Davidson raised their target price on Caterpillar from $650.00 to $845.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Argus raised their price objective on Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Robert W. Baird raised their price objective on Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $890.27.

Insider Activity

In other Caterpillar news, insider Rodney Michael Shurman sold 5,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $903.18, for a total transaction of $5,093,032.02. Following the completion of the sale, the insider owned 2,546 shares in the company, valued at $2,299,496.28. This trade represents a 68.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value 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. The trade was a 22.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 75,734 shares of company stock worth $67,054,613 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Up 0.1%

Shares of NYSE:CAT opened at $896.14 on Friday. 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 Inc. has a 52-week low of $323.31 and a 52-week high of $931.35. The stock’s fifty day simple moving average is $755.75 and its 200-day simple moving average is $664.91. The company has a market capitalization of $412.75 billion, a P/E ratio of 44.61, a P/E/G ratio of 1.80 and a beta of 1.63.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, topping the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $4.25 earnings per share. As a group, equities research analysts forecast that Caterpillar Inc. will post 24.21 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar’s dividend payout ratio (DPR) is 30.06%.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s latest quarterly results were stronger than expected, with EPS and revenue both topping estimates and construction equipment revenue rising sharply, reinforcing the case for solid demand and backlog strength. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
• Positive Sentiment: Several analysts raised price targets on CAT after the better-than-expected quarter, including Argus and HSBC, which is helping support bullish sentiment around the stock. Argus Raises Caterpillar Price Target HSBC Raises Caterpillar Price Target
• Positive Sentiment: Media coverage continues to frame Caterpillar as a beneficiary of AI and data-center power demand, broadening the company’s growth narrative beyond traditional construction and mining markets. Industrial-Strength Rally: Why Caterpillar Is Up 53%…
• Positive Sentiment: Recent commentary points to very long equipment lead times, which suggests sustained demand and potential pricing power ahead. Archrock reaffirms outlook as Caterpillar lead times near 160
• Positive Sentiment: Caterpillar also opened registration for a global innovation challenge, signaling continued investment in workforce development and technology, though this is more of a longer-term strategic positive than an immediate stock driver. Caterpillar Opens Registration for Global Innovation Challenge
• Neutral Sentiment: Some firms raised targets while keeping Neutral ratings, suggesting Wall Street sees upside, but also believes a lot of good news may already be reflected in the stock after its big run. DA Davidson Raises Caterpillar Target Following Better-Than-Expected Quarter
• Neutral Sentiment: Heavy media attention and elevated trading interest may be adding volatility, but these factors do not change Caterpillar’s underlying business fundamentals. Do Options Traders Know Something About Caterpillar Stock?
• Negative Sentiment: Multiple insiders, including the CFO, disclosed sizable stock sales, which can weigh on sentiment and raise concerns about whether the recent rally is prompting profit-taking. CFO insider sale SEC filing Insider sale (Shurman) SEC filing

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.