Investment Research & Advisory Group Inc. Boosts Holdings in Caterpillar Inc. $CAT

Investment Research & Advisory Group Inc. increased its position in Caterpillar Inc. (NYSE:CAT) by 10,814.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,820 shares of the industrial products company’s stock after purchasing an additional 3,785 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Caterpillar were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new stake in shares of Caterpillar during the second quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Caterpillar during the 2nd quarter valued at approximately $28,000. Compass Financial Services Inc increased its holdings in Caterpillar by 49.2% during the 1st quarter. Compass Financial Services Inc now owns 94 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar in the 2nd quarter valued at approximately $32,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of Caterpillar during the second quarter worth approximately $32,000. Hedge funds and other 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 business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $568.86 per share, for a total transaction of $170,658.00. Following the completion of the purchase, the director directly owned 7,947 shares in the company, valued at $4,520,730.42. This trade represents a 3.92% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $570.18, for a total transaction of $4,666,353.12. Following the completion of the transaction, the insider owned 41,512 shares of the company’s stock, valued at $23,669,312.16. This represents a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 61,895 shares of company stock valued at $34,007,516. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CAT shares. Citigroup raised shares of Caterpillar from a “buy” rating to a “mixed” rating in a report on Tuesday, December 16th. HSBC upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and upped their target price for the company from $405.00 to $660.00 in a research note on Wednesday, November 5th. Truist Financial reiterated a “buy” rating and issued a $729.00 price target (up from $582.00) on shares of Caterpillar in a research note on Thursday, October 30th. Oppenheimer upped their price objective on Caterpillar from $513.00 to $645.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, UBS Group boosted their price target on Caterpillar from $506.00 to $581.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $618.70.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wolfe Research raised its price target on CAT to $670 (from $470) and kept an “outperform” rating, signaling conviction in upside vs. current levels and likely supporting buying interest. Wolfe Research Adjusts Price Target on Caterpillar to $670 from $470; Maintains Outperform Rating
• Positive Sentiment: Bernstein also lifted its target, citing a clearer 2026 recovery — analyst upgrades and higher targets add momentum by backing expectations for stronger revenue and margin recovery. Bernstein Raises Caterpillar (CAT) Target as 2026 Recovery Comes Into View
• Positive Sentiment: Caterpillar rallied ~58% in 2025 as revenue returned to growth, backlog hit a record ~$39.9B and earnings declines eased — that fundamental improvement supports higher forward multiples and investor optimism. After a 58% Run in 2025, is CAT Stock Still a Buy in 2026?
• Positive Sentiment: Investors are valuing CAT for its role in powering AI/data-center buildouts — Caterpillar’s power-generation engines are in demand as backup and supplemental power for hyperscale data centers, a structural tailwind for sales and aftermarket. AI Is Transforming This Once-Boring Blue-Chip Stock. Is It a Buy for 2026?
• Positive Sentiment: Sector-level strength: Industrials outperformed in 2025 (Caterpillar returned ~61%) driven partly by data-center and power trends, which reinforces cyclical and structural demand narratives for CAT. The S&P 500’s Top-Performing Sectors: 3 Lead the Pack in 2025
• Neutral Sentiment: The Dow Jones hit all-time highs in 2025 and CAT was cited among contributors — positive market sentiment helps but is broader-market driven rather than CAT-specific. Dow Jones 2025 Scorecard: Caterpillar, Nvidia Help Index Hit All-Time Highs – Top 5 Winners & Losers
• Negative Sentiment: Short-term caution: some industrials softened at year-end (market close weakness), which could pressure cyclicals if macro sentiment or capex timing weakens. Industrials Down as Strong Year Finishes With a Whimper — Industrials Roundup

Caterpillar Trading Up 4.4%

Shares of NYSE CAT opened at $598.11 on Monday. The company has a market cap of $279.90 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.57. The stock’s 50 day simple moving average is $574.03 and its 200 day simple moving average is $486.12. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 1.34. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $627.50.

Caterpillar (NYSE:CAT) last posted its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. The company had revenue of $17.64 billion for the quarter, compared to analysts’ expectations of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $5.17 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be paid a $1.51 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.04 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is presently 31.01%.

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.