Waddell & Associates LLC Takes Position in Caterpillar Inc. $CAT

Waddell & Associates LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 686 shares of the industrial products company’s stock, valued at approximately $393,000.

A number of other institutional investors have also recently made changes to their positions in CAT. Fox Run Management L.L.C. purchased a new stake in Caterpillar in the fourth quarter worth $694,000. TIAA Trust National Association boosted its holdings in Caterpillar by 1.4% in the fourth quarter. TIAA Trust National Association now owns 22,727 shares of the industrial products company’s stock valued at $13,020,000 after acquiring an additional 314 shares in the last quarter. Montis Financial LLC boosted its holdings in Caterpillar by 2.7% in the fourth quarter. Montis Financial LLC now owns 3,767 shares of the industrial products company’s stock valued at $2,158,000 after acquiring an additional 99 shares in the last quarter. Cerity Partners LLC boosted its holdings in Caterpillar by 5.0% in the fourth quarter. Cerity Partners LLC now owns 270,926 shares of the industrial products company’s stock valued at $155,267,000 after acquiring an additional 12,972 shares in the last quarter. Finally, Omnitrust Wealth Management Inc bought a new stake in Caterpillar in the fourth quarter valued at $309,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Zacks Research upgraded Caterpillar from hold to strong-buy, a fresh analyst boost that can support the stock by signaling improved conviction in the company’s outlook. Zacks.com
• Positive Sentiment: Recent coverage highlighted Caterpillar’s strong Q1 2026 results, with sales up 22% and volume growth across Construction and Power & Energy, suggesting demand remains healthy and could drive further upside. Article Title
• Positive Sentiment: Multiple articles pointed to Caterpillar as a potential beneficiary of the AI data center build-out, especially through higher demand for power generation, cooling, and grid equipment. Article Title
• Positive Sentiment: Caterpillar was also named on Zacks’ Strong Buy momentum stocks list, reinforcing the idea that near-term price momentum and analyst sentiment remain favorable. Article Title
• Neutral Sentiment: Several pieces questioned whether Caterpillar is already priced for perfection after its huge one-year run, which may temper upside expectations even as the bullish case remains intact. Article Title
• Neutral Sentiment: Some articles were broad sector roundups or broker-commentary pieces that did not add much new company-specific information, so their stock impact is limited. Article Title

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $915.29 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $421.57 billion, a P/E ratio of 45.56, a P/E/G ratio of 1.81 and a beta of 1.59. The business has a fifty day simple moving average of $840.65 and a two-hundred day simple moving average of $720.71. Caterpillar Inc. has a 12 month low of $355.70 and a 12 month high of $946.83.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, beating the consensus estimate of $4.65 by $0.89. The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a return on equity of 48.21% and a net margin of 13.33%.The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.25 earnings per share. On average, equities analysts forecast that Caterpillar Inc. will post 24.68 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th were given a dividend of $1.51 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a $6.04 annualized dividend and a yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is currently 30.06%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Oppenheimer set a $980.00 price target on shares of Caterpillar and gave the company an “outperform” rating in a report on Friday, May 1st. Bank of America lifted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Caterpillar in a report on Friday, May 8th. Sanford C. Bernstein lifted their price target on shares of Caterpillar from $769.00 to $879.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Finally, Truist Financial set a $1,043.00 price target on shares of Caterpillar in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average price target of $933.27.

Insider Buying and Selling at Caterpillar

In other news, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total value of $14,928,254.40. Following the completion of the transaction, the insider owned 46,041 shares of the company’s stock, valued at $42,210,388.80. The trade was a 26.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Kaiser sold 5,642 shares of Caterpillar stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $883.03, for a total value of $4,982,055.26. Following the completion of the transaction, the insider directly owned 9,594 shares of the company’s stock, valued at approximately $8,471,789.82. This represents a 37.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,773 shares of company stock valued at $87,642,635. Company 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.