Cullinan Associates Inc. Trims Holdings in Caterpillar Inc. $CAT

Cullinan Associates Inc. cut its stake in Caterpillar Inc. (NYSE:CAT) by 9.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,289 shares of the industrial products company’s stock after selling 3,236 shares during the quarter. Caterpillar makes up about 1.2% of Cullinan Associates Inc.’s portfolio, making the stock its 19th largest position. Cullinan Associates Inc.’s holdings in Caterpillar were worth $17,352,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC boosted its stake in Caterpillar by 2.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 681 shares of the industrial products company’s stock valued at $390,000 after buying an additional 16 shares during the period. Security Financial Services INC. boosted its stake in Caterpillar by 0.4% during the fourth quarter. Security Financial Services INC. now owns 3,609 shares of the industrial products company’s stock valued at $2,068,000 after buying an additional 16 shares during the period. Purus Wealth Management LLC boosted its stake in Caterpillar by 0.5% during the fourth quarter. Purus Wealth Management LLC now owns 3,018 shares of the industrial products company’s stock valued at $1,729,000 after buying an additional 16 shares during the period. Montecito Bank & Trust boosted its stake in Caterpillar by 0.5% during the fourth quarter. Montecito Bank & Trust now owns 3,362 shares of the industrial products company’s stock valued at $1,926,000 after buying an additional 17 shares during the period. Finally, KWB Wealth boosted its stake in Caterpillar by 3.2% during the fourth quarter. KWB Wealth now owns 549 shares of the industrial products company’s stock valued at $315,000 after buying an additional 17 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insider Buying and Selling

In other news, CEO Joseph E. Creed sold 2,500 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rodney Michael Shurman sold 2,278 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $759.61, for a total value of $1,730,391.58. Following the completion of the sale, the insider directly owned 1,443 shares of the company’s stock, valued at approximately $1,096,117.23. This trade represents a 61.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 125,950 shares of company stock worth $88,577,390 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CAT. Morgan Stanley lifted their price objective on Caterpillar from $425.00 to $430.00 and gave the company an “underweight” rating in a research note on Wednesday, April 15th. HSBC lifted their price objective on Caterpillar from $660.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Oppenheimer lifted their price objective on Caterpillar from $817.00 to $832.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Bank of America lifted their price target on Caterpillar from $735.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Barclays lifted their price target on Caterpillar from $625.00 to $700.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $767.77.

Caterpillar Trading Up 10.0%

NYSE CAT opened at $890.91 on Friday. Caterpillar Inc. has a 1-year low of $311.02 and a 1-year high of $896.98. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $746.86 and a 200-day moving average of $655.04. The firm has a market cap of $414.53 billion, a PE ratio of 47.34, a price-to-earnings-growth ratio of 1.87 and a beta of 1.52.

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, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same quarter in the previous year, the company posted $4.25 EPS. Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, sell-side analysts forecast that Caterpillar Inc. will post 22.89 EPS for the current year.

Caterpillar Dividend Announcement

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

Caterpillar News Roundup

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

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.