Citizens Financial Group Inc. RI Boosts Stock Holdings in Caterpillar Inc. $CAT

Citizens Financial Group Inc. RI lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 9.2% during the fourth quarter, Holdings Channel reports. The fund owned 33,679 shares of the industrial products company’s stock after acquiring an additional 2,826 shares during the period. Citizens Financial Group Inc. RI’s holdings in Caterpillar were worth $19,293,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund lifted its holdings in Caterpillar by 7.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after buying an additional 1,181 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth approximately $8,893,000. ZEGA Investments LLC raised its position in shares of Caterpillar by 149.6% during the 3rd quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company’s stock worth $1,996,000 after purchasing an additional 2,508 shares during the period. State of New Jersey Common Pension Fund D raised its position in shares of 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 worth $79,053,000 after purchasing an additional 4,010 shares during the period. Finally, Juno Financial Group LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $877,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q1 beat and raised outlook — CAT reported adjusted EPS and revenue well above estimates, drove a sizable year-over-year revenue gain and raised annual guidance on stronger demand for construction and power equipment. Caterpillar expects AI-driven demand for power, construction to fuel growth
• Positive Sentiment: Record backlog and AI-driven power demand — Management cited a record backlog and rising demand for power and energy equipment to support data centers (AI buildout), underpinning multi-year revenue visibility for the power segment. Caterpillar stock jumps on record backlog, boom in power and energy equipment for data centers
• Positive Sentiment: Strategic partnership for power assets — A framework agreement with PROPWR (ProPetro) to supply up to 2.1 GW of power generation capacity reinforces Caterpillar’s exposure to data-center and industrial power demand. That supports the company’s growth story beyond traditional construction equipment. ProPetro, Caterpillar Partner on Multi-Year Power Buildout Through 2032
• Positive Sentiment: Capital returns — CAT deployed $5.7 billion for share repurchases and dividends in Q1, a concrete driver of EPS accretion and shareholder value that supports the stock’s rally. Caterpillar Reports First-Quarter 2026 Results
• Positive Sentiment: Market reaction & analyst support — ETFs and broader market flows grabbed CAT exposure after the earnings-led rally; banks and some analysts have raised estimates/targets, reinforcing momentum. ETFs tied to Caterpillar jump after the stock’s earnings-driven rally
• Neutral Sentiment: Broader market context — CAT’s move helped lift the Dow and contributed to intraday index strength, but part of the move reflects market positioning around big-cap earnings rather than company-specific news alone. Dow rises 730 points, S&P 500 hits new intraday high
• Neutral Sentiment: Corporate housekeeping — Caterpillar announced its virtual annual shareholder meeting (June 10), which is routine and unlikely to move the share price materially. Caterpillar Announces Virtual 2026 Shareholder Meeting
• Negative Sentiment: Tariff and cost pressure — Management warned of significant tariff costs for 2026 and analysts flagged tariffs as a margin headwind, which could limit upside to margins even as revenue grows. Caterpillar expecting significant tariff costs again for 2026

Caterpillar Stock Up 10.0%

CAT opened at $890.91 on Friday. Caterpillar Inc. has a 12 month low of $311.02 and a 12 month high of $896.98. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. The stock has a market cap of $414.53 billion, a P/E ratio of 47.34, a P/E/G ratio of 1.87 and a beta of 1.52. The stock’s 50 day moving average price is $746.86 and its 200 day moving average price is $655.04.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. Caterpillar had a return on equity of 45.76% and a net margin of 13.14%.The firm had revenue of $17.42 billion for the quarter, compared to analysts’ expectations of $16.53 billion. During the same period last year, the firm earned $4.25 EPS. The firm’s revenue was up 22.2% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 22.89 earnings per share for the current year.

Caterpillar Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CAT shares. Robert W. Baird increased their price target on Caterpillar from $805.00 to $940.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup increased their price target on Caterpillar from $785.00 to $905.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Wolfe Research increased their price target on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. JPMorgan Chase & Co. raised their target price on Caterpillar from $765.00 to $860.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada raised their target price on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a research report on Friday, January 30th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $767.77.

Insider Activity

In other Caterpillar news, insider Anthony D. Fassino sold 10,671 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the transaction, the insider directly owned 41,151 shares of the company’s stock, valued at approximately $28,001,197.95. This trade represents a 20.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lange Bob De sold 22,656 shares of the 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 transaction, the insider directly owned 79,953 shares of the company’s stock, valued at approximately $57,574,954.83. The trade was a 22.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 125,950 shares of company stock worth $88,577,390 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

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.