Austin Asset Management Co Inc Purchases Shares of 614 Caterpillar Inc. $CAT

Austin Asset Management Co Inc acquired a new stake in Caterpillar Inc. (NYSE:CAT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 614 shares of the industrial products company’s stock, valued at approximately $435,000.

A number of other large investors have also recently made changes to their positions in CAT. Pacific Point Advisors LLC purchased a new position in Caterpillar in the fourth quarter worth approximately $579,000. Brighton Jones LLC increased its position in shares of Caterpillar by 51.5% in the 4th quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company’s stock valued at $2,688,000 after purchasing an additional 2,519 shares during the last quarter. United Bank raised its holdings in shares of Caterpillar by 108.5% in the 2nd quarter. United Bank now owns 4,083 shares of the industrial products company’s stock valued at $1,585,000 after purchasing an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Caterpillar by 3.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company’s stock worth $3,551,000 after purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Caterpillar by 6.5% during the 2nd quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company’s stock worth $222,120,000 after purchasing an additional 34,846 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CAT. Bank of America increased their target price on Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a report on Friday, May 1st. Daiwa Securities Group upped their price objective on Caterpillar from $790.00 to $900.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Truist Financial increased their price objective on Caterpillar from $1,043.00 to $1,218.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. HSBC raised their target price on Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Finally, Wolfe Research boosted their target price on Caterpillar from $670.00 to $750.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus target price of $970.81.

Caterpillar Stock Up 1.0%

CAT opened at $949.07 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The business has a 50 day moving average price of $925.59 and a two-hundred day moving average price of $778.34. Caterpillar Inc. has a 52 week low of $396.88 and a 52 week high of $1,073.46. The company has a market cap of $437.13 billion, a PE ratio of 47.24, a P/E/G ratio of 1.85 and a beta of 1.57.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.65 by $0.89. The company had revenue of $17.41 billion for the quarter, compared to analysts’ expectations of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar’s revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.25 EPS. As a group, research analysts anticipate that Caterpillar Inc. will post 24.71 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. Caterpillar’s dividend payout ratio (DPR) is presently 30.06%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar expanded its mining technology portfolio by acquiring Skycatch, adding near-real-time spatial data, processing, and AI tools that could improve mine safety, planning, and productivity. Caterpillar expands mining technology capabilities with Skycatch acquisition
• Positive Sentiment: The company is reportedly eyeing a multimillion-dollar expansion of its global headquarters, which may signal continued investment and long-term growth confidence. Caterpillar eyes multimillion-dollar global headquarters expansion
• Positive Sentiment: Analysts highlighted Caterpillar’s capital-return profile, including dividends and buybacks, as a reason the stock remains attractive to income-focused investors. Why Caterpillar’s (CAT) Dividend Hike and Buybacks Make Capital-Return Mix Central to Its Tax Profile
• Neutral Sentiment: Market commentary notes that industrial stocks have been leading in 2026, with Caterpillar benefiting from themes like AI infrastructure spending and defense demand, but the broader ETF discussion is not a direct company catalyst. Industrials Are Leading in 2026, But These ETFs Take Different Routes (CAT)
• Neutral Sentiment: Several articles compared CAT with peers or discussed its long-term positioning as an industrial bellwether, which adds context but does not materially change the near-term outlook. TEX vs. CAT: Which Stock Is the Better Value Option?
• Negative Sentiment: Some coverage pointed to shares falling after the Skycatch deal, suggesting investors may be questioning the valuation or immediate payoff from the acquisition. Caterpillar (CAT) Stock Falls 5% Following Skycatch AI Mining Acquisition
• Negative Sentiment: Michael Burry reportedly initiated a short position in Caterpillar, which could weigh on sentiment even though some commentary argued investors should not overreact. Michael Burry Is Shorting Caterpillar Stock for the First Time. Why You Shouldn’t Rush to Do the Same.

Insider Buying and Selling

In other news, insider Denise C. Johnson sold 12,605 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the completion of the transaction, the insider owned 49,825 shares in the company, valued at $45,236,615.75. This trade represents a 20.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lange Bob De sold 24,222 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $922.92, for a total transaction of $22,354,968.24. Following the sale, the insider directly owned 86,029 shares in the company, valued at approximately $79,397,884.68. This represents a 21.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,773 shares of company stock valued at $87,642,635 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

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.