Westpac Banking Corp Has $4.49 Million Holdings in Caterpillar Inc. $CAT

Westpac Banking Corp grew its position in shares of Caterpillar Inc. (NYSE:CAT) by 213.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,413 shares of the industrial products company’s stock after acquiring an additional 6,413 shares during the quarter. Westpac Banking Corp’s holdings in Caterpillar were worth $4,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its holdings in Caterpillar by 2.3% during the second quarter. Fisher Asset Management LLC now owns 9,418,321 shares of the industrial products company’s stock worth $3,656,286,000 after buying an additional 208,196 shares during the last quarter. Norges Bank acquired a new stake in shares of Caterpillar in the 2nd quarter worth about $2,165,899,000. Bank of New York Mellon Corp raised its holdings in shares of Caterpillar by 20.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock worth $1,695,757,000 after acquiring an additional 609,023 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Caterpillar by 1.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,337,915 shares of the industrial products company’s stock valued at $1,295,432,000 after purchasing an additional 33,467 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Caterpillar by 4.5% during the 2nd quarter. Invesco Ltd. now owns 3,282,720 shares of the industrial products company’s stock worth $1,274,385,000 after purchasing an additional 140,784 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Stock Performance

Shares of CAT stock opened at $766.15 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. The firm has a market cap of $356.48 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 1.82 and a beta of 1.58. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $789.81. The firm’s 50-day simple moving average is $660.74 and its two-hundred day simple moving average is $559.89.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The company had revenue of $19.13 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted $5.14 EPS. Caterpillar’s quarterly revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th were paid a dividend of $1.51 per share. The ex-dividend date was Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. Caterpillar’s dividend payout ratio is presently 32.09%.

Insider Buying and Selling

In related news, insider Anthony D. Fassino sold 7,891 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the sale, the insider directly owned 46,643 shares in the company, valued at approximately $36,236,946.70. The trade was a 14.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Denise C. Johnson sold 39,138 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $681.08, for a total transaction of $26,656,109.04. Following the transaction, the insider owned 43,350 shares of the company’s stock, valued at $29,524,818. This represents a 47.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 143,450 shares of company stock worth $98,245,065 in the last quarter. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CAT. UBS Group restated a “neutral” rating and issued a $677.00 target price on shares of Caterpillar in a report on Monday, February 2nd. Citigroup raised their price objective on Caterpillar from $710.00 to $760.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Jefferies Financial Group lifted their price objective on shares of Caterpillar from $700.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Evercore increased their target price on shares of Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Caterpillar from $740.00 to $765.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Sixteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $712.52.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wall Street lifts targets — Wells Fargo raised its CAT price target to $870 (overweight) and Daiwa boosted its target to $790, signaling stronger analyst conviction that Caterpillar can capture continued demand. Wells Fargo price target rise Daiwa price target rise
• Positive Sentiment: AI/data‑center capex tailwind — Strategists are positioning CAT as a “HALO” (Hard Asset, Low Obsolescence) play to benefit from $+600B of data center and AI buildout: demand for heavy equipment to construct large facilities supports longer-term machinery orders. Strategist sees Deere, Caterpillar as low-volatility AI plays
• Positive Sentiment: Strategic venture investing — Caterpillar Venture Capital backed ElevenEs’ Series B first closing, reflecting CAT’s push into adjacent tech/commodity-trading solutions that could broaden revenue streams over time. ElevenEs Series B closing backed by Caterpillar Venture Capital
• Positive Sentiment: Buildout of services and software — Caterpillar acquired RPMGlobal (mining software) and is rolling out a redesigned rental management experience, both moves that expand higher‑margin, recurring services and digital offerings. Caterpillar Acquired RPMGlobal Caterpillar to launch redesigned rental management experience
• Neutral Sentiment: PR and workforce focus — Caterpillar hosted its Global Technician Finals in Peoria (skills/brand positive but limited direct EPS impact). Caterpillar hosts its Global Technician Finals in Peoria
• Neutral Sentiment: Comparative industry coverage — Pieces contrasting Caterpillar and Deere highlight divergent earnings narratives; useful context for relative positioning but not an immediate catalyst. Caterpillar vs Deere article
• Negative Sentiment: Insider selling and option activity — Director/officer Rodney Shurman disclosed sales (and option exercises reported separately), reducing his stake materially; investors often view repeated insider sales as a modest near‑term negative. Rodney Michael Shurman insider sale Insider exercises options
• Negative Sentiment: Short interest jump — Short interest rose ~61% in February to ~10M shares (2.2% of float). While still a small share of float, the spike increases volatility and could weigh on near‑term sentiment. (Data source: short interest release)

Caterpillar Company 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.