Caterpillar Inc. $CAT Holdings Trimmed by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC trimmed its position in shares of Caterpillar Inc. (NYSE:CAT) by 10.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,617 shares of the industrial products company’s stock after selling 565 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Caterpillar were worth $2,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Portfolio Design Labs LLC grew its position in Caterpillar by 0.7% during the 4th quarter. Portfolio Design Labs LLC now owns 3,185 shares of the industrial products company’s stock worth $1,825,000 after purchasing an additional 22 shares in the last quarter. Strategic Advocates LLC grew its position in Caterpillar by 19.6% during the 4th quarter. Strategic Advocates LLC now owns 611 shares of the industrial products company’s stock worth $353,000 after purchasing an additional 100 shares in the last quarter. Stonebrook Private Inc. grew its position in Caterpillar by 1.8% during the 4th quarter. Stonebrook Private Inc. now owns 1,019 shares of the industrial products company’s stock worth $584,000 after purchasing an additional 18 shares in the last quarter. North Dallas Bank & Trust Co. purchased a new position in Caterpillar during the 4th quarter worth approximately $348,000. Finally, Alteri Wealth LLC grew its position in Caterpillar by 55.6% during the 4th quarter. Alteri Wealth LLC now owns 2,413 shares of the industrial products company’s stock worth $1,382,000 after purchasing an additional 862 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CAT shares. Jefferies Financial Group boosted their price target on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a report on Friday, May 1st. Bank of America boosted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research upgraded shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a report on Monday. Oppenheimer set a $980.00 price target on shares of Caterpillar and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Wolfe Research boosted their price target on shares of Caterpillar from $670.00 to $750.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $933.27.

Caterpillar Trading Down 0.0%

Shares of NYSE:CAT opened at $915.29 on Wednesday. The stock has a market capitalization of $421.57 billion, a PE ratio of 45.56, a P/E/G ratio of 1.81 and a beta of 1.59. Caterpillar Inc. has a 1 year low of $355.70 and a 1 year high of $946.83. The firm has a fifty day moving average price of $840.65 and a 200 day moving average price of $720.71. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.65 by $0.89. The firm had revenue of $17.42 billion during the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.25 earnings per share. Analysts expect that Caterpillar Inc. will post 24.68 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, April 20th were issued a $1.51 dividend. The ex-dividend date was Monday, April 20th. This represents a $6.04 dividend on an annualized basis and a yield of 0.7%. Caterpillar’s dividend payout ratio is currently 30.06%.

Insider Transactions at Caterpillar

In related news, insider Denise C. Johnson sold 12,605 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the sale, the insider directly owned 49,825 shares in the company, valued at approximately $45,236,615.75. This represents a 20.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares of the company’s stock, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,773 shares of company stock valued at $87,642,635 in the last three months. 0.33% of the stock is currently owned by company insiders.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Q1 2026 results showed sales up 22% on volume-driven recovery, with Construction and Power & Energy leading gains and signaling continued demand strength. CAT Volumes Gain Strength Across Segments in Q126: More Upside Ahead?
• Positive Sentiment: CAT was named to Zacks’ “Strong Buy” momentum list, reinforcing bullish sentiment around near-term trading momentum. Best Momentum Stocks to Buy for June 9th
• Positive Sentiment: Multiple pieces pointed to Caterpillar as a beneficiary of the AI data center buildout, where demand for power, cooling, and grid equipment could support additional growth. 5 Booming Industrial Stocks Set to Benefit More on AI Data Center Boom
• Positive Sentiment: Broker coverage remained favorable, with articles noting an above-average recommendation for Caterpillar that may help reinforce investor confidence. Brokers Suggest Investing in Caterpillar (CAT): Read This Before Placing a Bet
• Neutral Sentiment: Other coverage compared CAT’s year-to-date performance with peers and broader industrial stocks, but these pieces were mostly performance check-ins rather than new catalysts. Are Industrial Products Stocks Lagging Fanuc (FANUY) This Year?
• Negative Sentiment: The “government issues ‘do not touch’ warning over common caterpillar” article appears unrelated to Caterpillar Inc. and is unlikely to affect the stock directly. Government issues ‘do not touch’ warning over common caterpillar

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.