North Dakota State Investment Board Buys New Position in Caterpillar Inc. $CAT

North Dakota State Investment Board bought a new stake in shares of Caterpillar Inc. (NYSE:CAT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,875 shares of the industrial products company’s stock, valued at approximately $9,094,000.

Several other hedge funds also recently modified their holdings of CAT. Elyxium Wealth LLC boosted its position in Caterpillar by 1.4% in the fourth quarter. Elyxium Wealth LLC now owns 2,542 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 35 shares during the last quarter. Rossmore Private Capital boosted its position in Caterpillar by 13.1% in the fourth quarter. Rossmore Private Capital now owns 4,766 shares of the industrial products company’s stock worth $2,730,000 after purchasing an additional 553 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. boosted its position in Caterpillar by 43.6% in the fourth quarter. Eubel Brady & Suttman Asset Management Inc. now owns 1,015 shares of the industrial products company’s stock worth $581,000 after purchasing an additional 308 shares during the last quarter. United Bank boosted its position in Caterpillar by 2.5% in the fourth quarter. United Bank now owns 4,651 shares of the industrial products company’s stock worth $2,664,000 after purchasing an additional 114 shares during the last quarter. Finally, Abacus Wealth Partners LLC boosted its position in Caterpillar by 8.7% in the fourth quarter. Abacus Wealth Partners LLC now owns 953 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity

In related news, insider Jason Kaiser sold 5,642 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $883.03, for a total transaction of $4,982,055.26. Following the completion of the sale, the insider directly owned 9,594 shares in the company, valued at $8,471,789.82. This represents a 37.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony D. Fassino sold 16,283 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $916.80, for a total value of $14,928,254.40. Following the sale, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 103,287 shares of company stock worth $93,259,774. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CAT has been the topic of several research analyst reports. Citigroup boosted their price objective on Caterpillar from $905.00 to $1,020.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. CICC Research initiated coverage on Caterpillar in a research report on Friday, February 6th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Caterpillar in a research report on Friday, May 8th. Truist Financial set a $1,043.00 price objective on Caterpillar in a research report on Friday, May 1st. Finally, Wolfe Research boosted their price objective on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Sixteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $923.14.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Rothschild & Co Redburn lifted its price target on Caterpillar to $950 from $700, signaling continued upside potential despite keeping a neutral rating. Rothschild & Co Redburn adjusts price target on Caterpillar to $950 from $700, maintains neutral rating
• Positive Sentiment: Commentary from Jim Cramer called Caterpillar “a buy,” citing oil and gas exposure, infrastructure spending, and AI data-center power demand as potential tailwinds. Jim Cramer Says Caterpillar Is a Buy
• Positive Sentiment: Caterpillar said it is hiring 600 workers at its Sanford, North Carolina plant to support compact track loader production, suggesting strong demand and added manufacturing activity. Caterpillar hiring 600 jobs at Sanford plant
• Positive Sentiment: Industry research on Saudi Arabia’s construction equipment market pointed to Caterpillar as a key player in a market expected to grow steadily through 2030, supported by large infrastructure projects. Saudi Arabia Construction Equipment Industry Research 2026-2031 Featuring Caterpillar

Caterpillar Stock Performance

NYSE:CAT opened at $888.90 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35. Caterpillar Inc. has a 52-week low of $336.24 and a 52-week high of $931.35. The firm has a market cap of $409.42 billion, a price-to-earnings ratio of 44.25, a PEG ratio of 1.77 and a beta of 1.63. The business’s fifty day moving average is $775.21 and its 200 day moving average is $681.13.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.65 by $0.89. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company had revenue of $17.42 billion for the quarter, compared to analyst estimates of $16.53 billion. During the same period in the previous year, the company posted $4.25 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Research analysts predict that Caterpillar Inc. will post 24.48 EPS for the current year.

Caterpillar Dividend Announcement

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

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.