Cullinan Associates Inc. Has $11.90 Million Stake in Caterpillar Inc. $CAT

Cullinan Associates Inc. lessened its position in Caterpillar Inc. (NYSE:CAT) by 44.6% in the first quarter, Holdings Channel.com reports. The firm owned 16,793 shares of the industrial products company’s stock after selling 13,496 shares during the quarter. Caterpillar comprises 1.0% of Cullinan Associates Inc.’s portfolio, making the stock its 26th biggest holding. Cullinan Associates Inc.’s holdings in Caterpillar were worth $11,897,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CAT. Citizens Financial Group Inc. RI grew its holdings in shares of Caterpillar by 7.4% during the first quarter. Citizens Financial Group Inc. RI now owns 36,156 shares of the industrial products company’s stock worth $25,615,000 after purchasing an additional 2,477 shares during the last quarter. Fifth Third Bancorp raised its holdings in Caterpillar by 17.3% in the 1st quarter. Fifth Third Bancorp now owns 591,354 shares of the industrial products company’s stock valued at $418,950,000 after buying an additional 87,164 shares during the last quarter. Glass Wealth Management Co LLC boosted its position in Caterpillar by 160.5% during the 1st quarter. Glass Wealth Management Co LLC now owns 977 shares of the industrial products company’s stock worth $692,000 after buying an additional 602 shares during the period. American Trust grew its stake in shares of Caterpillar by 7.3% in the first quarter. American Trust now owns 486 shares of the industrial products company’s stock worth $344,000 after purchasing an additional 33 shares during the last quarter. Finally, Sachetta LLC increased its holdings in Caterpillar by 24.5% in the first quarter. Sachetta LLC now owns 198 shares of the industrial products company’s stock valued at $140,000 after purchasing an additional 39 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Caterpillar

In related news, insider Lange Bob De sold 24,222 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total value of $22,354,968.24. Following the transaction, the insider directly owned 86,029 shares in the company, valued at $79,397,884.68. This trade represents a 21.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the business’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $918.71, for a total transaction of $14,399,860.54. Following the sale, the chief financial officer owned 52,935 shares of the company’s stock, valued at $48,631,913.85. This trade represents a 22.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 95,773 shares of company stock worth $87,642,635 in the last quarter. Company insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. HSBC upped their price target on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Argus lifted their price objective on Caterpillar from $820.00 to $990.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group upped their target price on Caterpillar from $900.00 to $1,045.00 and gave the company a “buy” rating in a report on Friday, May 1st. Evercore restated an “outperform” rating and set a $1,103.00 price target on shares of Caterpillar in a report on Monday, May 11th. Finally, Zacks Research raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $970.81.

Caterpillar Stock Up 1.5%

Shares of Caterpillar stock traded up $14.03 during trading on Friday, reaching $952.42. 1,957,575 shares of the company traded hands, compared to its average volume of 3,658,716. The firm has a market capitalization of $438.68 billion, a PE ratio of 47.41, a P/E/G ratio of 1.88 and a beta of 1.57. Caterpillar Inc. has a 1-year low of $401.70 and a 1-year high of $1,073.46. The company has a 50 day moving average price of $930.83 and a 200-day moving average price of $782.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 0.81.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping 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 business had revenue of $17.41 billion during the quarter, compared to analysts’ expectations of $16.53 billion. During the same period last year, the company posted $4.25 earnings per share. The business’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, equities research analysts expect that Caterpillar Inc. will post 24.71 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 30.06%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar is being highlighted as a way to gain exposure to the AI buildout, especially through demand tied to data center construction, which is helping bolster investor optimism. These Dividend Paying Stocks Offer Strong Exposure to AI Trends
• Positive Sentiment: Analyst/commentary pieces continue to frame Caterpillar as a stock with strong momentum and relative outperformance, supporting the bullish case for CAT. CAT Outperforms NVDA & Tech Sector, AI Data Center Demand Powers Growth
• Positive Sentiment: News that Caterpillar is opening an engineering design centre adds to the company’s investment and expansion story, which can be supportive for long-term growth expectations. Caterpillar Inc. opens engineering design centre
• Positive Sentiment: Reports of a multimillion-dollar global headquarters expansion in Las Colinas suggest continued capital investment and confidence in the business outlook. Caterpillar digs into new $34M HQ in Las Colinas
• Neutral Sentiment: Market commentary notes that Caterpillar remains a popular industrial stock to watch, but these list-style articles do not provide a clear new catalyst. Industrial Stocks To Consider – July 9th
• Neutral Sentiment: Another feature discusses Caterpillar among “calls of the day,” indicating ongoing trader attention rather than a specific fundamental update. Calls of the day: AbbVie, Caterpillar, Marriott, Lamar Advertising and PepsiCo
• Negative Sentiment: Some coverage says CAT has dipped while the broader market rose, and other commentary warns the stock may be losing momentum as investors weigh valuation, tariffs, and execution risks. Caterpillar (CAT) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: One bearish note suggests the AI rally may be fading, with valuation concerns making investors more cautious about further upside. CAT Stock Heads For Second Weekly Loss: Is Caterpillar’s AI Rally Fading?

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.