Peregrine Asset Advisers Inc. Increases Stake in Caterpillar Inc. $CAT

Peregrine Asset Advisers Inc. grew its position in Caterpillar Inc. (NYSE:CAT) by 95.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,851 shares of the industrial products company’s stock after acquiring an additional 1,884 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Caterpillar were worth $1,742,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Caterpillar in the second quarter worth $2,165,899,000. Groupe la Francaise increased its holdings in shares of Caterpillar by 82.0% in the 2nd quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after purchasing an additional 12,278 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in shares of Caterpillar by 155.9% in the third quarter. Union Bancaire Privee UBP SA now owns 47,231 shares of the industrial products company’s stock valued at $21,014,000 after purchasing an additional 28,773 shares during the period. ZEGA Investments LLC boosted its holdings in Caterpillar by 149.6% during the third quarter. ZEGA Investments LLC now owns 4,184 shares of the industrial products company’s stock worth $1,996,000 after buying an additional 2,508 shares in the last quarter. Finally, Palmer Knight Co acquired a new position in Caterpillar during the second quarter worth about $5,884,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Lange Bob De sold 15,977 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $682.99, for a total transaction of $10,912,131.23. Following the transaction, the insider directly owned 79,953 shares in the company, valued at $54,607,099.47. This represents a 16.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anthony D. Fassino sold 10,671 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $680.45, for a total transaction of $7,261,081.95. Following the completion of the sale, the insider directly owned 41,151 shares in the company, valued at $28,001,197.95. This represents a 20.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,539 shares of company stock valued at $40,339,032 in the last three months. Company insiders own 0.33% of the company’s stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Q4 earnings beat and data-center demand — Caterpillar reported revenue and EPS above estimates, with Power & Energy sales up sharply as data-center buildouts drove demand for natural-gas turbines and backup power. That beat reinforces near-term earnings momentum. CAT Earnings Beat
• Positive Sentiment: Analysts raising price targets — Multiple firms (including Truist and Citi) bumped CAT targets and kept buy ratings, giving the stock fresh upward catalysts and validating the post-earnings narrative. Analyst Price Target Raises
• Positive Sentiment: Record backlog and multi-year growth visibility — Management cites a record ~$51B backlog and sees 5–7% annual sales through 2030, supported by planned capacity spend (higher 2026 capex) that could convert backlog into revenue over time. MarketBeat CAT Analysis
• Positive Sentiment: Large shareholder returns narrative — Coverage highlighting the company’s strong free-cash-flow returns and sizable capital returns program can support investor sentiment. Forbes: Shareholder Returns
• Neutral Sentiment: Strategic tech partnership — ACI won a multi-year engagement to modernize Caterpillar’s digital infrastructure; operationally useful but unlikely to move near-term revenue much. ACI Partnership PR
• Neutral Sentiment: Product rollout — New compact 308CR mini-excavator announced; supports product-cycle narrative but is incremental to overall results. 308CR Mini-Excavator
• Negative Sentiment: Insider selling — Two senior insiders disclosed sizable sales (multi-million-dollar disposals), reducing their stakes. While often routine, large insider sales can weigh on sentiment if interpreted as profit-taking at lofty valuations. Insider Sale Filing

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CAT shares. UBS Group reiterated a “neutral” rating and set a $677.00 price target on shares of Caterpillar in a research report on Monday. Morgan Stanley lifted their price objective on Caterpillar from $400.00 to $425.00 and gave the stock an “underweight” rating in a report on Tuesday. Citigroup upped their target price on Caterpillar from $710.00 to $760.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada raised their price target on Caterpillar from $587.00 to $658.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, DA Davidson boosted their price objective on shares of Caterpillar from $569.00 to $650.00 and gave the stock a “neutral” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $679.48.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $702.84 on Wednesday. The company has a 50-day simple moving average of $609.65 and a 200-day simple moving average of $524.56. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. The company has a market cap of $328.92 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.58. Caterpillar Inc. has a 12 month low of $267.30 and a 12 month high of $710.03.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.67 by $0.49. The firm had revenue of $19.13 billion for the quarter, compared to analyst estimates of $17.81 billion. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. Caterpillar’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business earned $5.14 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, January 20th will be paid a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s dividend payout ratio is presently 32.09%.

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.