Horizon Investments LLC Buys 4,816 Shares of Caterpillar Inc. $CAT

Horizon Investments LLC boosted its stake in Caterpillar Inc. (NYSE:CAT) by 27.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,179 shares of the industrial products company’s stock after buying an additional 4,816 shares during the quarter. Horizon Investments LLC’s holdings in Caterpillar were worth $12,676,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CAT. Illinois Municipal Retirement Fund increased its stake in shares of Caterpillar by 7.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after acquiring an additional 1,181 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Caterpillar during the third quarter valued at approximately $8,893,000. ZEGA Investments LLC grew its stake in shares of Caterpillar by 149.6% in the 3rd quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company’s stock worth $1,996,000 after buying an additional 2,508 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Caterpillar by 2.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 165,677 shares of the industrial products company’s stock valued at $79,053,000 after buying an additional 4,010 shares in the last quarter. Finally, Juno Financial Group LLC purchased a new position in Caterpillar during the fourth quarter valued at $877,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caterpillar

In related news, insider Lange Bob De sold 22,656 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $720.11, for a total value of $16,314,812.16. Following the completion of the transaction, the insider owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. This represents a 22.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Rodney Michael Shurman sold 2,278 shares of the firm’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 sale, the insider directly owned 1,443 shares in the company, valued at approximately $1,096,117.23. This represents a 61.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 125,950 shares of company stock worth $88,577,390 in the last 90 days. Company insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

NYSE CAT opened at $890.15 on Friday. Caterpillar Inc. has a fifty-two week low of $318.11 and a fifty-two week high of $905.00. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.94 and a current ratio of 1.35. The company has a market capitalization of $414.18 billion, a PE ratio of 47.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.63. The business’s fifty day moving average is $746.86 and its 200 day moving average is $655.04.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. During the same period in the prior year, the firm posted $4.25 EPS. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. Sell-side analysts predict that Caterpillar Inc. will post 22.89 earnings per share for the current year.

Caterpillar Dividend Announcement

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

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar beat Q1 revenue and EPS expectations and reported a record backlog, driven by higher volume and pricing across construction and power systems — a core reason the stock rallied after earnings. Caterpillar expects AI-driven demand for power, construction to fuel growth — Reuters
• Positive Sentiment: Analysts sharply raised price targets and upgraded ratings (JPMorgan, Jefferies, Wells Fargo, Baird, Citigroup, Morgan Stanley among others), signaling renewed street confidence and creating upward momentum for the stock. Morgan Stanley Doubles Price Target to $915 — 247WallSt
• Positive Sentiment: Demand tied to AI/data-center buildouts is boosting Cat’s power and energy backlog; management is raising 2030 targets and plans to roughly triple power-generation capacity, which supports a multi-year growth runway beyond cyclical construction. Caterpillar to triple power generation capacity — Yahoo Finance
• Positive Sentiment: Market narrative has shifted: short interest and skeptical bears are receding as the AI-power story gains traction, amplifying upside as skeptics fold. Caterpillar’s biggest bear folds as AI power demand soars — Mining.com
• Positive Sentiment: Strategic partnerships (e.g., framework with ProPetro’s PROPWR) and large supply agreements for data-center and industrial power strengthen the revenue mix in higher-margin power systems. Caterpillar taps PROPWR and data centers — Yahoo Finance
• Neutral Sentiment: Technical momentum is strong (IBD composite rating surged toward the top of the universe) and the company announced a virtual annual shareholder meeting; these are market-interest and governance items rather than direct catalysts. IBD Composite Rating Surges — Yahoo/IBD
• Negative Sentiment: Management warned of significant tariff costs for 2026 — a $2.2B–$2.4B range — that will pressure margins and partially offset revenue strength; investors should watch margin trends and any changes to the tariff outlook. Caterpillar signals tariff cost range and 2026 sales growth — Seeking Alpha

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CAT shares. HSBC raised their price target on Caterpillar from $660.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Wells Fargo & Company increased their price target on shares of Caterpillar from $960.00 to $1,050.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley set a $915.00 price target on Caterpillar and gave the company an “equal weight” rating in a report on Friday. Oppenheimer set a $980.00 price objective on Caterpillar and gave the stock an “outperform” rating in a report on Friday. Finally, Robert W. Baird raised their price target on shares of Caterpillar from $940.00 to $1,165.00 and gave the company an “outperform” rating in a report on Friday. Sixteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $854.86.

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.