Caterpillar (NYSE:CAT) Insider Sells $14,928,254.40 in Stock

Caterpillar Inc. (NYSE:CAT) insider Anthony Fassino sold 16,283 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the completion of the sale, the insider directly owned 46,041 shares of the company’s stock, valued at $42,210,388.80. The trade was a 26.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Caterpillar Stock Up 1.8%

CAT opened at $918.99 on Friday. 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 stock has a market cap of $423.28 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.81 and a beta of 1.63. Caterpillar Inc. has a twelve month low of $336.24 and a twelve month high of $931.35. The company’s 50-day moving average price is $772.09 and its two-hundred day moving average price is $678.58.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $16.53 billion. During the same period last year, the firm earned $4.25 EPS. Caterpillar’s revenue for the quarter was up 22.2% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 24.21 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, April 20th will be given a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar’s dividend payout ratio is 30.06%.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Rothschild & Co Redburn raised its price target on Caterpillar to $950 from $700, even while keeping a neutral rating, suggesting the stock’s recent rally may still have room to run. Rothschild & Co Redburn price target update
• Positive Sentiment: Jim Cramer reiterated a bullish view on Caterpillar, calling it a buy and pointing to oil and gas, infrastructure, and AI data-center power demand as key tailwinds. Jim Cramer Says Caterpillar Is a Buy
• Positive Sentiment: Recent coverage highlighted Caterpillar’s role in Saudi Arabia’s construction equipment market, which is expected to grow steadily on the back of Vision 2030 infrastructure spending. Saudi Arabia Construction Equipment Industry Research 2026-2031 Featuring Caterpillar
• Neutral Sentiment: Two Caterpillar insiders disclosed stock sales, including a larger sale by Denise C. Johnson and a smaller sale by William E. Schaupp. While not unusual, insider selling can create some caution. Denise C. Johnson insider trade filing
• Negative Sentiment: Anthony Fassino also sold a notable block of shares earlier in the week, which may be viewed as a mild negative signal despite his remaining ownership stake. Anthony Fassino Sells 16,283 Shares of Caterpillar (NYSE:CAT) Stock

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Argus increased their price target on shares of Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Oppenheimer set a $980.00 price target on shares of Caterpillar and gave the company an “outperform” rating in a research report on Friday, May 1st. Truist Financial set a $1,043.00 price target on shares of Caterpillar in a research report on Friday, May 1st. Evercore reiterated an “outperform” rating and set a $1,103.00 price target on shares of Caterpillar in a research report on Monday. Finally, Citigroup increased their price target on shares of Caterpillar from $905.00 to $1,020.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Sixteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $923.14.

Institutional Trading of Caterpillar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. St. Louis Trust Co lifted its stake in Caterpillar by 24.1% in the first quarter. St. Louis Trust Co now owns 1,952 shares of the industrial products company’s stock worth $1,383,000 after acquiring an additional 379 shares during the period. Bridgewater Advisors Inc. raised its holdings in Caterpillar by 0.9% in the first quarter. Bridgewater Advisors Inc. now owns 2,420 shares of the industrial products company’s stock worth $1,714,000 after purchasing an additional 22 shares in the last quarter. Dai ichi Life Insurance Company Ltd raised its holdings in Caterpillar by 43.2% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 32,090 shares of the industrial products company’s stock worth $22,734,000 after purchasing an additional 9,676 shares in the last quarter. Renaissance Technologies LLC bought a new position in Caterpillar in the first quarter worth $15,237,000. Finally, Bollard Group LLC raised its holdings in Caterpillar by 14.2% in the first quarter. Bollard Group LLC now owns 229,052 shares of the industrial products company’s stock worth $162,274,000 after purchasing an additional 28,562 shares in the last quarter. Hedge funds and other institutional investors own 70.98% 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.