KCM Investment Advisors LLC Sells 1,265 Shares of Caterpillar Inc. $CAT

KCM Investment Advisors LLC trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,176 shares of the industrial products company’s stock after selling 1,265 shares during the quarter. KCM Investment Advisors LLC’s holdings in Caterpillar were worth $23,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CAT. Norges Bank bought a new stake in Caterpillar during the second quarter valued at about $2,165,899,000. Massachusetts Financial Services Co. MA raised its stake in shares of Caterpillar by 1,851.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,830,414 shares of the industrial products company’s stock worth $873,382,000 after acquiring an additional 1,736,631 shares in the last quarter. Marshall Wace LLP lifted its position in Caterpillar by 425.2% during the second quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock valued at $295,738,000 after acquiring an additional 616,739 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Caterpillar by 20.7% in the third quarter. Bank of New York Mellon Corp now owns 3,553,930 shares of the industrial products company’s stock valued at $1,695,757,000 after acquiring an additional 609,023 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in Caterpillar by 36.9% in the third quarter. Voya Investment Management LLC now owns 1,777,589 shares of the industrial products company’s stock worth $848,177,000 after purchasing an additional 478,972 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. HSBC raised their price objective on Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Argus raised their price target on Caterpillar from $625.00 to $820.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Truist Financial increased their price objective on shares of Caterpillar from $729.00 to $786.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Raymond James Financial restated a “market perform” rating on shares of Caterpillar in a research note on Wednesday, January 7th. Finally, Evercore lifted their price objective on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $717.05.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: JPMorgan raised its price target on CAT to $860 and maintained an “overweight” rating, citing sustained demand and upgradeable earnings — a clear analyst vote of confidence that supports further upside. JPMorgan Adjusts Price Target
• Positive Sentiment: Research notes and coverage highlight an underappreciated AI-related catalyst: localized on‑site power demand for compute. Analysts argue CAT is well positioned to sell gensets and energy solutions to meet AI’s edge power needs. Caterpillar: Everyone Is Betting On AI Bottlenecks
• Positive Sentiment: Product and tech showcases at CONEXPO — including an AI-driven heavy-duty truck concept and an advanced smart pickup concept tied to jobsite autonomy — reinforce CAT’s push into connected/autonomous worksites, supporting long‑term differentiation. Caterpillar’s New Heavy-Duty Truck Concept
• Positive Sentiment: Strategic partnerships targeting data-center power and carbon-capture solutions expand CAT’s addressable market in on-site power and sustainability services. This diversifies revenue beyond traditional construction equipment. Caterpillar Partners on Nat Gas & Carbon Capture
• Neutral Sentiment: Caterpillar is promoting workforce development through global technician/operator challenges — positive for brand and dealer support but slow to move near‑term results. Caterpillar Elevates Skilled Trades
• Negative Sentiment: Some intraday volatility reflects profit‑taking: earlier headlines showed CAT as a drag on the Dow amid short‑term selling, indicating traders are locking gains after recent rallies. Caterpillar Biggest Drag on the Dow
• Negative Sentiment: Valuation is a concern: coverage warns CAT trades at a premium after strong results, and at least one note views shares as fairly valued or downgraded — a potential headwind for fresh buyers. Caterpillar Trades at Premium Valuation

Insider Activity at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 39,138 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $681.08, for a total value of $26,656,109.04. Following the completion of the transaction, the insider owned 43,350 shares in the company, valued at approximately $29,524,818. This represents a 47.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO William E. Schaupp sold 972 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total value of $742,802.40. Following the sale, the chief accounting officer owned 824 shares in the company, valued at $629,700.80. This trade represents a 54.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 133,450 shares of company stock valued at $92,530,665 in the last quarter. 0.33% of the stock is currently owned by insiders.

Caterpillar Trading Up 1.5%

NYSE CAT opened at $732.74 on Thursday. Caterpillar Inc. has a 1 year low of $267.30 and a 1 year high of $789.81. 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 capitalization of $340.94 billion, a PE ratio of 38.93, a P/E/G ratio of 1.71 and a beta of 1.54. The company has a fifty day moving average of $677.02 and a 200 day moving average of $571.40.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Thursday, January 29th. The industrial products company reported $5.16 earnings per share for the quarter, topping the consensus estimate of $4.67 by $0.49. The company 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 45.76% and a net margin of 13.14%.The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $5.14 EPS. Research analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Tuesday, January 20th were paid a $1.51 dividend. This represents a $6.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, January 20th. Caterpillar’s payout ratio is currently 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.