Sumitomo Mitsui DS Asset Management Company Ltd Has $176.10 Million Holdings in Caterpillar Inc. $CAT

Sumitomo Mitsui DS Asset Management Company Ltd lowered its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,405 shares of the industrial products company’s stock after selling 630 shares during the quarter. Caterpillar accounts for about 1.4% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 11th largest position. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.07% of Caterpillar worth $176,103,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, insider Lange Bob De sold 22,656 shares of the company’s stock in a transaction dated 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph E. Creed sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $718.93, for a total transaction of $1,797,325.00. Following the completion of the sale, the chief executive officer directly owned 35,083 shares in the company, valued at approximately $25,222,221.19. The trade was a 6.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 49,736 shares of company stock worth $37,401,255. Insiders own 0.33% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 earnings and outlook: CAT posted a sizable Q1 beat, with revenue and EPS above estimates and rising backlog, which underpins management’s constructive outlook and is a primary driver of investor enthusiasm. Should You Buy, Sell or Hold Caterpillar Stock Post Q1 Earnings?
• Positive Sentiment: Analyst upgrade/price target lift: Argus raised its price target to $990 and maintained a buy rating, providing fresh analyst support that helps justify higher multiples. Argus adjusts price target on Caterpillar to $990
• Positive Sentiment: AI / data?center narrative: Multiple outlets are framing Caterpillar as an AI?infrastructure beneficiary (power, generators, hyperscale demand), which has re-rated the stock and attracted momentum buying. This thematic shift is amplifying gains beyond cyclical construction/mining drivers. Industrial-Strength Rally: Why Caterpillar Is Up 53%…
• Positive Sentiment: Corporate wins / tech sales: Carmeuse selected Caterpillar’s autonomous hauling solution (adoption of CAT autonomy in mining/quarrying) and Cat’s electric power products are gaining spotlight—both support incremental revenue and product diversification. Carmeuse selects Caterpillar’s autonomous hauling solution
• Positive Sentiment: Director buy: Director David Maclennan purchased 250 shares, a modest insider buy that provides a supportive signal to investors. SEC filing: Director purchase
• Neutral Sentiment: Mixed analyst posture: DA Davidson raised its price target but maintained a neutral rating, suggesting some analysts see limited near?term upside from current levels. DA Davidson adjusts price target on Caterpillar to $845
• Neutral Sentiment: Options and media attention: Rising options activity and extensive media coverage (trending pieces, Zacks features) are increasing short?term volatility and attention but don’t change fundamentals by themselves. Do Options Traders Know Something About Caterpillar Stock?
• Negative Sentiment: Insider sale: An insider (Jason Kaiser) sold 5,642 shares for roughly $5M, trimming his position by ~37%, which some investors may view as a cautionary signal despite other positive indicators. SEC filing: Insider sale

Caterpillar Trading Up 3.4%

Shares of CAT stock opened at $904.60 on Wednesday. Caterpillar Inc. has a 52-week low of $318.11 and a 52-week high of $908.90. The stock has a market cap of $416.65 billion, a price-to-earnings ratio of 45.03, a P/E/G ratio of 1.80 and a beta of 1.63. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. The firm has a fifty day moving average of $749.76 and a 200-day moving average of $659.59.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $16.53 billion. During the same quarter in the prior year, the company posted $4.25 EPS. The business’s revenue was up 22.2% on a year-over-year basis. On average, equities research analysts forecast that Caterpillar Inc. will post 23.68 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. Stockholders of record on Monday, April 20th will be paid a $1.51 dividend. 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 dividend payout ratio is currently 30.06%.

Analysts Set New Price Targets

Several research firms have commented on CAT. Robert W. Baird boosted their target price on shares of Caterpillar from $940.00 to $1,165.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. DA Davidson boosted their target price on shares of Caterpillar from $650.00 to $845.00 and gave the stock a “neutral” rating in a research report on Monday. Wolfe Research boosted their target price on shares of Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Raymond James Financial restated a “market perform” rating on shares of Caterpillar in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Caterpillar from $860.00 to $1,125.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $878.91.

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.