Oak Asset Management LLC Trims Holdings in Caterpillar Inc. $CAT

Oak Asset Management LLC reduced its stake in Caterpillar Inc. (NYSE:CAT) by 23.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,650 shares of the industrial products company’s stock after selling 1,445 shares during the quarter. Oak Asset Management LLC’s holdings in Caterpillar were worth $2,219,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of Caterpillar during the 2nd quarter worth $2,165,899,000. Groupe la Francaise boosted its stake in Caterpillar by 82.0% during the second quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock worth $10,820,000 after buying an additional 12,278 shares during the period. Trivium Point Advisory LLC increased its position in shares of Caterpillar by 132.9% during the second quarter. Trivium Point Advisory LLC now owns 1,926 shares of the industrial products company’s stock valued at $748,000 after acquiring an additional 1,099 shares during the last quarter. Union Bancaire Privee UBP SA raised its stake in shares of Caterpillar by 155.9% in the 3rd quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock valued at $21,014,000 after acquiring an additional 28,773 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Caterpillar by 9.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,947 shares of the industrial products company’s stock worth $26,037,000 after acquiring an additional 7,125 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Down 0.2%

CAT stock opened at $577.64 on Wednesday. The company’s 50 day moving average price is $570.27 and its 200 day moving average price is $481.44. The firm has a market capitalization of $270.32 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 2.71 and a beta of 1.57. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $627.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $16.72 billion. During the same quarter in the previous year, the firm earned $5.17 earnings per share. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, January 20th. Caterpillar’s payout ratio is 31.01%.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $571.44, for a total value of $5,714,400.00. Following the transaction, the chief financial officer owned 55,460 shares in the company, valued at approximately $31,692,062.40. This represents a 15.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jason Kaiser sold 10,707 shares of the business’s 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 sale, the insider owned 8,649 shares of the company’s stock, valued at approximately $4,874,576.40. The trade was a 55.32% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 61,895 shares of company stock worth $34,007,516. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CAT. Barclays boosted their target price on Caterpillar from $485.00 to $555.00 and gave the company an “equal weight” rating in a research report on Thursday, October 30th. Hsbc Global Res raised Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on Caterpillar from $650.00 to $730.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Argus boosted 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. Finally, Robert W. Baird raised their price objective on shares of Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $616.00.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Multiple outlets report that surging demand for generators — especially for data centers and AI infrastructure — is driving a meaningful uptick in Caterpillar’s non-construction sales and boosting investor expectations for revenue and margin expansion. Caterpillar’s stock jumps as AI drives demand for generators
• Positive Sentiment: WSJ coverage highlights that generator sales are the company’s fastest‑growing segment, helping re-shape Caterpillar’s growth story beyond traditional yellow equipment and supporting a higher multiple. Caterpillar’s Surging Stock Is Fueled by AI, Not Yellow Excavators
• Positive Sentiment: Pymnts reports that data‑center generator demand in particular is fueling a sales surge, suggesting a durable revenue stream tied to long‑term AI infrastructure buildout rather than a one‑off cyclical bump. Caterpillar’s Data Center Generators Fuel Sale Surge
• Positive Sentiment: Market recognition: coverage and an on‑camera analyst segment note that Caterpillar has become the Dow’s best performer this year, reflecting the market re‑rating the stock for faster growth expectations. Caterpillar becomes the Dow’s best performer this year
• Positive Sentiment: JPMorgan equity research commentary (video interview) underscores investor interest and analyst attention as the company transitions into a growth narrative — supportive for sentiment and liquidity. Caterpillar becomes the Dow’s best performer this year (video)
• Positive Sentiment: Zacks highlights Caterpillar as a potential beneficiary of reshoring trends, which could support equipment demand in 2026 and beyond. 3 Manufacturing Stocks to Benefit From Reshoring in 2026
• Neutral Sentiment: Product update: Caterpillar introduced a Track Clamp Master Link to simplify excavator track installation — incremental operational/aftermarket improvement but limited near‑term impact on top‑line. Cat’s New Track Clamp Master Link Eases Excavator Track Installation
• Neutral Sentiment: Corporate milestone: coverage of Caterpillar’s 100‑year anniversary is positive PR but unlikely to move fundamentals materially. Celebrating 100 years and the people behind Caterpillar machines
• Negative Sentiment: Valuation caution: analysis pieces ask whether it’s too late to buy after a >100% rally, flagging elevated multiples and the risk that much of the AI/data‑center opportunity is already priced in — a key reason for profit‑taking or short‑term weakness. Is it too late to buy Caterpillar after its bullish 2025 run?

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.