Invesco Ltd. Lowers Holdings in Caterpillar Inc. $CAT

Invesco Ltd. decreased its position in shares of Caterpillar Inc. (NYSE:CAT) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,962,896 shares of the industrial products company’s stock after selling 319,824 shares during the quarter. Invesco Ltd. owned approximately 0.63% of Caterpillar worth $1,413,746,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CAT. Norges Bank bought a new position in shares of Caterpillar in the 2nd quarter worth $2,165,899,000. Illinois Municipal Retirement Fund boosted its position in Caterpillar by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock valued at $8,237,000 after purchasing an additional 1,181 shares in the last quarter. Groupe la Francaise boosted its position in Caterpillar by 82.0% during the second quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after purchasing an additional 12,278 shares in the last quarter. Union Bancaire Privee UBP SA grew its stake in Caterpillar by 155.9% in the third quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock valued at $21,014,000 after purchasing an additional 28,773 shares during the last quarter. Finally, Caprock Group LLC bought a new position in Caterpillar in the third quarter worth about $8,893,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other Caterpillar news, CFO Andrew R. J. Bonfield sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $575.06, for a total transaction of $5,750,600.00. Following the sale, the chief financial officer owned 45,460 shares in the company, valued at approximately $26,142,227.60. The trade was a 18.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lange Bob De sold 22,656 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $720.11, for a total value of $16,314,812.16. Following the completion of the transaction, the insider 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 135,950 shares of company stock worth $94,327,990 over the last 90 days. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 1.0%

CAT stock opened at $700.55 on Friday. The stock has a market capitalization of $325.96 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 1.67 and a beta of 1.54. Caterpillar Inc. has a 52 week low of $267.30 and a 52 week high of $789.81. The company has a quick ratio of 0.94, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The firm has a 50 day moving average of $692.00 and a 200 day moving average of $582.12.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business had revenue of $19.13 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company posted $5.14 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. Sell-side analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of Caterpillar from $610.00 to $625.00 and gave the company an “equal weight” rating in a report on Friday, January 30th. Raymond James Financial reissued a “market perform” rating on shares of Caterpillar in a research report on Wednesday, January 7th. Citigroup raised their target price on shares of Caterpillar from $760.00 to $785.00 and gave the company a “buy” rating in a research note on Monday. Wolfe Research upped their price target on Caterpillar from $470.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, January 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Caterpillar from $765.00 to $860.00 and gave the company an “overweight” rating in a report on Wednesday, March 4th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $730.50.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Citi raised its price target to $785 (from $760) and reiterated a Buy, citing strong U.S. construction demand shown at ConExpo — a validation of near-term equipment demand and a direct bullish signal for CAT shares. Article Title
• Positive Sentiment: Analyst upgrades (multiple outlets) have lifted the stock in recent sessions, reflecting improved sell-side conviction on growth and dividends. Upgrades can attract investor inflows and support the price. Article Title
• Positive Sentiment: Caterpillar signed a Global Framework Agreement to supply Atlas Energy Solutions with ~1.4 GW of power generation assets (~$840M) for 2027–2029 — a substantial multi-year order that diversifies revenue into power solutions and supports longer-term backlog and revenue visibility. Article Title
• Positive Sentiment: Cat Rentals brand refresh adds Cat AI Assistant and expanded telematics — this digital push can increase rental utilization, attach higher-margin services, and improve recurring service revenue and margins over time. Investors view services/telemetry as margin-accretive. Article Title
• Positive Sentiment: Oppenheimer and other analysts highlight an “AI-infused” industrial cycle (machines, power, physical AI) where Caterpillar is a beneficiary — a thematic tailwind that supports higher multiple / long-term demand for equipment and power infrastructure. Article Title
• Neutral Sentiment: Market note: recent data points and headlines show day-to-day volatility — e.g., reports that CAT “suffered a larger drop than the market” are descriptive of trading action but don’t change the underlying order/margin catalysts. Article Title
• Negative Sentiment: Broader market selloff (Dow fell sharply) is weighing on CAT today — macro-driven risk-off and concerns about financials/interest rates dragged industrial names, prompting the intraday decline despite company-level positives. Article Title

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.