Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in Caterpillar Inc. $CAT

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,484 shares of the industrial products company’s stock after purchasing an additional 3,938 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Caterpillar were worth $58,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Abacus Planning Group Inc. raised its holdings in Caterpillar by 0.6% in the third quarter. Abacus Planning Group Inc. now owns 3,214 shares of the industrial products company’s stock valued at $1,534,000 after acquiring an additional 20 shares in the last quarter. Coastwise Capital Group LLC increased its position in shares of Caterpillar by 1.8% in the 3rd quarter. Coastwise Capital Group LLC now owns 1,168 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 21 shares during the last quarter. Live Oak Private Wealth LLC raised its holdings in shares of Caterpillar by 0.7% in the 3rd quarter. Live Oak Private Wealth LLC now owns 3,525 shares of the industrial products company’s stock valued at $1,682,000 after purchasing an additional 23 shares in the last quarter. Syntegra Private Wealth Group LLC lifted its position in shares of Caterpillar by 2.4% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 1,037 shares of the industrial products company’s stock worth $495,000 after purchasing an additional 24 shares during the last quarter. Finally, Coastline Trust Co grew its stake in shares of Caterpillar by 0.4% during the third quarter. Coastline Trust Co now owns 6,530 shares of the industrial products company’s stock worth $3,116,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CAT. Erste Group Bank raised Caterpillar from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Argus raised their target price on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Morgan Stanley upped their price target on Caterpillar from $380.00 to $395.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Sanford C. Bernstein raised their price objective on shares of Caterpillar from $557.00 to $630.00 and gave the stock a “market perform” rating in a report on Friday, December 19th. Finally, Royal Bank Of Canada initiated coverage on shares of Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 price objective for the company. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $623.10.

Insider Buying and Selling

In other news, Director David Maclennan purchased 300 shares of the company’s stock in a transaction dated 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. The trade was a 3.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lange Bob De sold 14,638 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the sale, the insider owned 80,209 shares of the company’s stock, valued at approximately $45,106,333.24. The trade was a 15.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 54,729 shares of company stock worth $31,084,308. 0.33% of the stock is currently owned by insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Bank of America raised its price target to $708 and kept a “buy” rating, signaling analyst confidence and implying upside from current levels. Article Title
• Positive Sentiment: JPMorgan raised its price target to $740 and reiterated an “overweight” rating, providing further institutional endorsement that supports upward price pressure. Article Title
• Positive Sentiment: Reports note CAT’s market value topped $300 billion amid an AI-related rally, which can attract momentum/chase buying and raises visibility among tech-focused funds. Article Title
• Positive Sentiment: Caterpillar announced a partnership with NVIDIA to develop foundations for autonomous systems — a strategic move toward higher-margin, tech-enabled equipment and a growth narrative beyond traditional heavy-equipment cycles. Article Title
• Positive Sentiment: Coverage highlighting CAT’s ~30% payout ratio argues the dividend is sustainable through downturns, which supports income-focused investor demand. Article Title
• Neutral Sentiment: Caterpillar set Jan. 29 for its Q4 and full-year 2025 results release — a scheduled catalyst that could move the stock depending on guidance and results versus expectations. Article Title
• Neutral Sentiment: Leadership transition: Tony Fassino will retire May 31 and Rod Shurman will take over Construction Industries on Feb. 1. The internal successor reduces execution risk, so this reads as orderly rather than disruptive. Article Title
• Neutral Sentiment: Third-party bullish write-ups summarize upside cases (valuation, durable franchise, AI/automation exposure) — these can reinforce momentum but are not primary catalysts on their own. Article Title

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $647.05 on Friday. The stock has a market capitalization of $302.81 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 2.47 and a beta of 1.57. The firm’s fifty day simple moving average is $585.21 and its 200-day simple moving average is $500.31. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.38 and a quick ratio of 0.86. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $652.36.

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

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be given 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 yield of 0.9%. Caterpillar’s dividend payout ratio 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.