New York State Common Retirement Fund Sells 3,769 Shares of Caterpillar Inc. $CAT

New York State Common Retirement Fund decreased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 582,786 shares of the industrial products company’s stock after selling 3,769 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Caterpillar worth $278,076,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Kilter Group LLC bought a new position in Caterpillar in the second quarter worth $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $28,000. Marquette Asset Management LLC raised its position in Caterpillar by 1,060.0% in the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 53 shares in the last quarter. RiverPark Advisors LLC bought a new position in Caterpillar during the second quarter worth about $32,000. Finally, Joseph Group Capital Management bought a new stake in shares of Caterpillar in the 3rd quarter valued at approximately $32,000. Institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, Director David Maclennan acquired 300 shares of the stock in a transaction dated Thursday, November 6th. The stock was bought at an average cost of $568.86 per share, for a total transaction of $170,658.00. Following the completion of the transaction, the director directly owned 7,947 shares of the company’s stock, valued at $4,520,730.42. The trade was a 3.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 10,707 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 8,649 shares in the company, valued at $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,729 shares of company stock worth $31,084,308 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Caterpillar News Summary

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?

Caterpillar Price Performance

Shares of NYSE:CAT opened at $643.82 on Thursday. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $301.29 billion, a PE ratio of 33.05, a PEG ratio of 2.46 and a beta of 1.57. The firm has a 50 day moving average of $599.82 and a 200-day moving average of $516.28. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $655.78.

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

Caterpillar Dividend Announcement

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 paid a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio is presently 31.01%.

Wall Street Analyst Weigh In

CAT has been the subject of a number of analyst reports. UBS Group lifted their price objective on Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. DA Davidson upped their price objective on Caterpillar from $408.00 to $569.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Argus raised their price target on shares of Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Evercore ISI increased their target price on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Finally, Bank of America raised their target price on shares of Caterpillar from $650.00 to $708.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Caterpillar currently has a consensus rating of “Moderate Buy” and an average target price of $640.20.

Caterpillar Company 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.