Pinnacle Associates Ltd. Has $64.21 Million Stake in Caterpillar Inc. $CAT

Pinnacle Associates Ltd. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,090 shares of the industrial products company’s stock after selling 906 shares during the period. Caterpillar accounts for approximately 0.8% of Pinnacle Associates Ltd.’s holdings, making the stock its 24th largest holding. Pinnacle Associates Ltd.’s holdings in Caterpillar were worth $64,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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 valued at $8,237,000 after buying an additional 1,181 shares during the period. Caprock Group LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at $8,893,000. State of New Jersey Common Pension Fund D increased its stake in shares of Caterpillar by 2.5% in 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 during the period. Juno Financial Group LLC acquired a new stake in shares of Caterpillar in the 4th quarter valued at $877,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Caterpillar by 3.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 73,363 shares of the industrial products company’s stock valued at $35,023,000 after buying an additional 2,565 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Several analysts raised their outlooks on Caterpillar (CAT), including Argus, which lifted its price target to $990 and reiterated a Buy rating on expectations for strong demand and continued momentum. Argus Lifts PT on Caterpillar Inc. (CAT), Expects Strong Demand
• Positive Sentiment: Commentary from Jim Cramer and other media coverage highlighted Caterpillar as a beneficiary of oil, infrastructure, and AI data-center power demand, reinforcing the bullish “power generation” narrative. Cramer’s lightning round: Buy Caterpillar
• Positive Sentiment: Caterpillar (CAT) released its 2025 Annual and Sustainability Reports, emphasizing record full-year sales and revenue in its centennial year and a strategy centered on profitable growth. Caterpillar Inc. Releases 2025 Annual and Sustainability Reports
• Positive Sentiment: Recent coverage cited Caterpillar’s strong first-quarter results, upbeat full-year guidance, and continued share buybacks, all of which support the stock’s bullish rerating. Caterpillar (CAT) Is Up 5.9% After Strong Q1, Data Center Power Deal And Buyback Update
• Neutral Sentiment: A Seeking Alpha piece noted that AI-related power demand is a real opportunity for Caterpillar (CAT), but argued the power-generation segment is still a relatively small part of sales, so investors may want to see broader mix shift before assigning even more upside. Seeking Alpha Caterpillar article
• Negative Sentiment: Insider selling by Anthony Fassino, who sold 16,283 shares, may slightly temper sentiment, though the transaction does not appear large enough to outweigh the stronger business and analyst-driven positives. Anthony Fassino sells Caterpillar shares

Caterpillar Stock Down 1.2%

NYSE:CAT opened at $901.22 on Thursday. Caterpillar Inc. has a 12-month low of $336.24 and a 12-month high of $931.35. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $415.09 billion, a P/E ratio of 44.86, a P/E/G ratio of 1.83 and a beta of 1.63. The stock’s fifty day simple moving average is $768.15 and its 200-day simple moving average is $675.78.

Caterpillar (NYSE:CAT) last posted its quarterly 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. The business had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The firm’s revenue was up 22.2% on a year-over-year basis. During the same period last year, the company earned $4.25 EPS. Equities research analysts expect that Caterpillar Inc. will post 24.21 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s payout ratio is currently 30.06%.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. HSBC lifted their target price on Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Wolfe Research lifted their target price on Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Truist Financial set a $1,043.00 price target on Caterpillar in a research report on Friday, May 1st. Evercore restated an “outperform” rating and issued a $1,103.00 price target on shares of Caterpillar in a research report on Monday. Finally, Royal Bank Of Canada raised their price target on Caterpillar from $587.00 to $658.00 and gave the stock a “sector perform” rating in a research report on Friday, January 30th. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $911.77.

Insider Activity

In other Caterpillar news, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the transaction, the insider directly owned 9,594 shares in the company, valued at approximately $8,471,789.82. The trade was a 37.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of Caterpillar stock in a transaction dated 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 transaction, the chief financial officer owned 52,935 shares in the company, valued at approximately $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 92,017 shares of company stock valued at $81,982,867. Company insiders own 0.33% of the company’s stock.

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.