Invesco Ltd. Reduces Stock Holdings in Caterpillar Inc. $CAT

Invesco Ltd. lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 9.7% during the third quarter, Holdings Channel reports. The fund owned 2,962,896 shares of the industrial products company’s stock after selling 319,824 shares during the quarter. Invesco Ltd.’s holdings in Caterpillar were worth $1,413,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Caterpillar in the second quarter worth about $2,165,899,000. Illinois Municipal Retirement Fund grew its holdings in Caterpillar by 7.3% during the third quarter. Illinois Municipal Retirement Fund now owns 17,262 shares of the industrial products company’s stock worth $8,237,000 after acquiring an additional 1,181 shares during the period. Groupe la Francaise raised its position in Caterpillar by 82.0% during the second quarter. Groupe la Francaise now owns 27,246 shares of the industrial products company’s stock valued at $10,820,000 after acquiring an additional 12,278 shares in the last quarter. Union Bancaire Privee UBP SA lifted its holdings in 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 acquiring an additional 28,773 shares during the period. Finally, Caprock Group LLC purchased a new stake in Caterpillar in the 3rd quarter worth approximately $8,893,000. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Citi raised its price target to $785 (from $760) and reiterated a Buy, citing strong U.S. construction demand shown at ConExpo — a validation of near-term equipment demand and a direct bullish signal for CAT shares. Article Title
• Positive Sentiment: Analyst upgrades (multiple outlets) have lifted the stock in recent sessions, reflecting improved sell-side conviction on growth and dividends. Upgrades can attract investor inflows and support the price. Article Title
• Positive Sentiment: Caterpillar signed a Global Framework Agreement to supply Atlas Energy Solutions with ~1.4 GW of power generation assets (~$840M) for 2027–2029 — a substantial multi-year order that diversifies revenue into power solutions and supports longer-term backlog and revenue visibility. Article Title
• Positive Sentiment: Cat Rentals brand refresh adds Cat AI Assistant and expanded telematics — this digital push can increase rental utilization, attach higher-margin services, and improve recurring service revenue and margins over time. Investors view services/telemetry as margin-accretive. Article Title
• Positive Sentiment: Oppenheimer and other analysts highlight an “AI-infused” industrial cycle (machines, power, physical AI) where Caterpillar is a beneficiary — a thematic tailwind that supports higher multiple / long-term demand for equipment and power infrastructure. Article Title
• Neutral Sentiment: Market note: recent data points and headlines show day-to-day volatility — e.g., reports that CAT “suffered a larger drop than the market” are descriptive of trading action but don’t change the underlying order/margin catalysts. Article Title
• Negative Sentiment: Broader market selloff (Dow fell sharply) is weighing on CAT today — macro-driven risk-off and concerns about financials/interest rates dragged industrial names, prompting the intraday decline despite company-level positives. Article Title

Caterpillar Price Performance

Shares of NYSE CAT opened at $700.55 on Friday. The firm has a market cap of $325.96 billion, a PE ratio of 37.22, a PEG ratio of 1.67 and a beta of 1.54. The firm has a fifty day moving average of $692.00 and a 200 day moving average of $582.12. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.94 and a current ratio of 1.44. Caterpillar Inc. has a one year low of $267.30 and a one year high of $789.81.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, January 29th. The industrial products company reported $5.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.67 by $0.49. Caterpillar had a net margin of 13.14% and a return on equity of 45.76%. The business had revenue of $19.13 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm posted $5.14 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Caterpillar in a report on Wednesday, January 7th. Barclays increased their price target on shares of Caterpillar from $610.00 to $625.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Evercore lifted their price objective on shares of Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. DA Davidson upped 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, February 2nd. Finally, UBS Group reissued a “neutral” rating and set a $677.00 target price on shares of Caterpillar in a research note on Monday, February 2nd. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $730.50.

Insider Activity

In related news, CFO Andrew R. J. Bonfield sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $575.06, for a total value of $5,750,600.00. Following the transaction, the chief financial officer directly owned 45,460 shares of the company’s stock, valued at approximately $26,142,227.60. This trade represents a 18.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Denise C. Johnson sold 39,138 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $681.08, for a total value of $26,656,109.04. Following the sale, the insider owned 43,350 shares of the company’s stock, valued at approximately $29,524,818. This trade represents a 47.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 135,950 shares of company stock worth $94,327,990. Company insiders own 0.33% of the company’s stock.

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.