New York State Common Retirement Fund Lowers Position in Caterpillar Inc. $CAT

New York State Common Retirement Fund lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 582,786 shares of the industrial products company’s stock after selling 3,769 shares during the period. New York State Common Retirement Fund’s holdings in Caterpillar were worth $278,076,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. one8zero8 LLC lifted its holdings in Caterpillar by 3.2% during the third quarter. one8zero8 LLC now owns 619 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 19 shares during the last quarter. Coastal Bridge Advisors LLC boosted its holdings in shares of Caterpillar by 11.6% in the third quarter. Coastal Bridge Advisors LLC now owns 1,824 shares of the industrial products company’s stock worth $870,000 after acquiring an additional 190 shares during the period. Chesapeake Wealth Management lifted its holdings in Caterpillar by 2.0% during the 3rd quarter. Chesapeake Wealth Management now owns 3,133 shares of the industrial products company’s stock worth $1,495,000 after purchasing an additional 60 shares in the last quarter. Traynor Capital Management Inc. grew its holdings in Caterpillar by 6.3% during the 3rd quarter. Traynor Capital Management Inc. now owns 13,277 shares of the industrial products company’s stock valued at $6,335,000 after buying an additional 782 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Caterpillar by 27.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,917 shares of the industrial products company’s stock valued at $49,584,000 after buying an additional 22,699 shares during the period. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on Caterpillar from $730.00 to $740.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. HSBC upgraded Caterpillar from a “hold” rating to a “buy” rating and increased their price objective for the company from $405.00 to $660.00 in a research report on Wednesday, November 5th. Bank of America lifted their price target on shares of Caterpillar from $650.00 to $708.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, UBS Group upped their price target on Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average price target of $640.20.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 8,184 shares of Caterpillar stock in a transaction on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the sale, the insider owned 41,512 shares of the company’s stock, valued at approximately $23,669,312.16. This trade represents a 16.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jason Kaiser sold 10,707 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total value of $6,034,465.20. Following the transaction, the insider directly owned 8,649 shares in the company, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 54,729 shares of company stock worth $31,084,308. Insiders own 0.33% of the company’s stock.

Caterpillar Trading Up 0.8%

NYSE:CAT opened at $643.82 on Thursday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. The company’s 50-day simple moving average is $599.82 and its 200 day simple moving average is $516.28. Caterpillar Inc. has a one year low of $267.30 and a one year high of $655.78. The firm has a market capitalization of $301.29 billion, a P/E ratio of 33.05, a PEG ratio of 2.46 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.64. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The business had revenue of $19.13 billion during the quarter, compared to analysts’ expectations of $17.81 billion. As a group, analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio is presently 31.01%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: A strategic alliance and purchase agreement with American Intelligence & Power and Boyd CAT to supply 2 gigawatts of fast‑response natural‑gas generator sets for a hyperscale AI campus — deliveries begin Sept 2026 and 2 GW online in 2027 — gives Caterpillar a clear, near‑term revenue opportunity in hyperscale data‑center power. American Intelligence & Power Forms Strategic Alliance with Caterpillar and Boyd CAT to Deploy 2 Gigawatts of Dedicated Power for Hyperscale AI Infrastructure
• Positive Sentiment: High‑profile media and TV commentary (e.g., Jim Cramer) are framing Caterpillar as less likely to fall on earnings day than in the past, which can lift investor sentiment and support multiple expansion. Jim Cramer on Caterpillar: “In the Old Days, CAT Usually Went Down on Earnings, That’s Over”
• Positive Sentiment: Analysts and video coverage are increasingly calling CAT an “overlooked” AI play because its power‑generation and fast‑response equipment are directly relevant to data‑center builds. That narrative is helping re‑rate the stock relative to pure industrial peers. Caterpillar stock is an ‘overlooked’ AI play. Here’s how.
• Neutral Sentiment: Barron’s notes investors have set a high bar for Caterpillar’s upcoming earnings because of the AI data‑center story; that raises volatility risk around the print despite the growth opportunity. Caterpillar Earnings Are Coming. The Bar Is High, Thanks to AI.
• Neutral Sentiment: Multiple earnings previews highlight that investors will focus on Q4 results and management commentary (orders, pricing, margins, and guidance) — the report could move the shares in either direction depending on how results reconcile AI demand with near‑term margin pressure. Caterpillar Q4 earnings on deck: What to expect
• Negative Sentiment: Zacks warns Q4 EPS may seasonally decline for a sixth consecutive quarter as weaker pricing and higher costs offset higher volumes — a disappointing print or cautious guidance could cap gains and trigger profit‑taking. Caterpillar is Set to Report Q4 Earnings: Buy, Sell or Hold the 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.