Arizona State Retirement System Lowers Position in Caterpillar Inc. $CAT

Arizona State Retirement System decreased its stake in Caterpillar Inc. (NYSE:CAT) by 1.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 137,328 shares of the industrial products company’s stock after selling 2,391 shares during the period. Arizona State Retirement System’s holdings in Caterpillar were worth $65,526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CAT. Marquette Asset Management LLC raised its stake in Caterpillar by 1,060.0% during the 3rd quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 53 shares during the period. Joseph Group Capital Management bought a new stake in shares of Caterpillar during the 3rd quarter valued at $32,000. Kilter Group LLC purchased a new position in shares of Caterpillar during the 2nd quarter valued at $27,000. Mid American Wealth Advisory Group Inc. bought a new position in Caterpillar in the 2nd quarter worth $28,000. Finally, Sellwood Investment Partners LLC purchased a new stake in Caterpillar in the 3rd quarter worth $35,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Caterpillar

In other Caterpillar news, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the completion of the transaction, the insider owned 80,209 shares in the company, valued at $45,106,333.24. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Kaiser sold 10,707 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was 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 approximately $4,874,576.40. The trade was a 55.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 54,729 shares of company stock valued at $31,084,308. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on Caterpillar from $700.00 to $750.00 and gave the company a “buy” rating in a research report on Tuesday. DA Davidson boosted their price target on Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Rothschild & Co Redburn increased their price objective on shares of Caterpillar from $420.00 to $650.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Morgan Stanley boosted their target price on shares of Caterpillar from $395.00 to $400.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Finally, Citigroup raised their target price on shares of Caterpillar from $690.00 to $710.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Caterpillar has a consensus rating of “Moderate Buy” and a consensus target price of $640.20.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q4 earnings beat and record revenue — Caterpillar reported adjusted EPS of $5.16 and $19.13B in revenue, beating consensus and showing year-over-year top-line strength that supports valuation and buyback plans. Caterpillar Reports Fourth-Quarter and Full-Year 2025 Results
• Positive Sentiment: AI/data-center demand is boosting power equipment sales — multiple reports note that rapid data-center buildouts (AI workloads) are lifting demand for Caterpillar’s power-generation equipment, turning some orders into long-lived infrastructure rather than short-cycle construction revenue. This Construction Giant’s Stock Led the Dow Over the Past Year. It’s Gotten a Boost From AI
• Positive Sentiment: Strategic order for hyperscale AI power — Caterpillar joined a partnership to supply 2 GW of fast-response gas generator sets for the Monarch Compute Campus, a multi‑year, high-reliability power project that supports recurring, long-duration revenue. American Intelligence & Power Forms Strategic Alliance with Caterpillar and Boyd CAT to Deploy 2 Gigawatts of Dedicated Power for Hyperscale AI Infrastructure
• Positive Sentiment: Strong cash flow and capital return — FY2025 enterprise operating cash flow remained robust and the company deployed roughly $7.9B for buybacks and dividends, supporting EPS and shareholder returns. Caterpillar Reports Fourth-Quarter and Full-Year 2025 Results
• Neutral Sentiment: Earnings call details and management commentary — The full Q4 2025 earnings call transcript provides color on geographic capex trends, margin drivers and service mix for investors doing a deeper read. Caterpillar Inc. (CAT) Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Analyst commentary and previews — Coverage ahead of and after the print emphasizes power & energy as the key catalyst while noting investment and margin questions remain. Caterpillar Earnings Are Coming. The Bar Is High, Thanks to AI.
• Negative Sentiment: Tariff headwind — Management warned of an estimated ~$2.6B impact from tariffs in 2026, which the company says will pressure margins and could offset some revenue gains unless mitigated. Caterpillar flags $2.6 billion tariff hit in 2026, power equipment demand lifts quarter
• Negative Sentiment: Tariffs already squeezing margins — Several outlets highlight that higher tariffs and related costs reduced profit margins in the quarter despite top-line strength. Caterpillar Says Higher Tariffs Impacted Profit Margins

Caterpillar Stock Up 3.2%

Shares of NYSE:CAT opened at $663.92 on Friday. The company has a 50-day moving average price of $602.18 and a 200 day moving average price of $517.31. 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 $679.99. The company has a market cap of $310.70 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 2.48 and a beta of 1.57.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.67 by $0.49. The business had revenue of $19.13 billion for the quarter, compared to the consensus estimate of $17.81 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.14 earnings per share. As a group, equities research analysts predict that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be given a $1.51 dividend. 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 (DPR) is currently 31.01%.

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.