Caterpillar Inc. $CAT Stake Increased by Triangle Securities Wealth Management

Triangle Securities Wealth Management increased its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 94.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,600 shares of the industrial products company’s stock after buying an additional 6,623 shares during the quarter. Caterpillar accounts for approximately 1.5% of Triangle Securities Wealth Management’s holdings, making the stock its 15th biggest position. Triangle Securities Wealth Management’s holdings in Caterpillar were worth $7,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CAT. Fisher Asset Management LLC grew its stake in Caterpillar by 2.3% during the 2nd quarter. Fisher Asset Management LLC now owns 9,418,321 shares of the industrial products company’s stock valued at $3,656,286,000 after acquiring an additional 208,196 shares in the last quarter. Norges Bank purchased a new stake in shares of Caterpillar in the second quarter worth approximately $2,165,899,000. Wellington Management Group LLP boosted its holdings in shares of Caterpillar by 3,949.8% during the third quarter. Wellington Management Group LLP now owns 5,228,058 shares of the industrial products company’s stock worth $2,494,568,000 after purchasing an additional 5,098,964 shares during the period. Bank of New York Mellon Corp grew its position in Caterpillar by 20.7% during 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 purchasing an additional 609,023 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Caterpillar by 4.5% in the 2nd quarter. Invesco Ltd. now owns 3,282,720 shares of the industrial products company’s stock valued at $1,274,385,000 after buying an additional 140,784 shares during the period. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Erste Group slightly raised its FY2026 EPS forecast for Caterpillar, a modest analyst upgrade that supports forward earnings expectations. Erste Group raises FY2026 estimate for Caterpillar
• Positive Sentiment: Analysis highlighting Caterpillar’s role supplying equipment for Nscale’s large AI compute campus frames a material long-term revenue opportunity if equipment and service demand materializes. Assessing Caterpillar’s Valuation As It Powers Nscale’s Massive AI Compute Campus
• Positive Sentiment: Caterpillar debuted a new 1‑ton 301 CR mini excavator — product expansion that helps address compact equipment demand and supports aftermarket/service revenue. Cat Debuts its Smallest Mini Excavator Yet, the 1-Ton 301 CR
• Neutral Sentiment: Local education and workforce partnerships (e.g., Alvernia collaboration on STEM) are positive for long-term talent/PR but have limited near-term revenue impact. Alvernia and Caterpillar collaborate to strengthen STEM education
• Neutral Sentiment: Be careful not to confuse tickers: a press release from “CAT Strategic Metals” (ticker CAT on other exchanges) concerns a mining project and is unrelated to Caterpillar Inc. (NYSE:CAT). CAT Strategic Metals Consolidates 100% Ownership…
• Negative Sentiment: Washington state advocates praised the sale of $62M in Caterpillar bonds — a public divestment tied to ESG/policy concerns that can pressure investor sentiment. Advocates praise WA for selling off $62M in Caterpillar bonds
• Negative Sentiment: Broad market weakness contributed to a Dow decline that cited losses in Caterpillar among others, amplifying short‑term downside risk. Dow drops nearly 350 points on losses for NVIDIA Corp., Caterpillar stocks
• Negative Sentiment: Analysts remain mixed on a power‑generation equipment agreement with Atlas Energy, creating uncertainty about margins and the deal’s contribution to near-term earnings. Analysts Remain Mixed on Caterpillar (CAT) Amid Power-Generation Equipment Agreement with Atlas Energy
• Negative Sentiment: Operating margins slipped in 2025 and rising tariff costs are highlighted as a continuing headwind into 2026 — a direct pressure on profitability. Caterpillar’s Operating Margins Slipped in 2025: Bounce Back Ahead?
• Negative Sentiment: Ongoing litigation: Caterpillar has counter‑sued Bobcat/Doosan over alleged patent infringement and raised industrial‑espionage claims — legal exposure and distraction that can increase costs and create uncertainty. Caterpillar countersues Bobcat for infringing machinery patents Caterpillar Challenges Doosan Bobcat Patent Lawsuit, Alleges Industrial Espionage

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CAT shares. HSBC increased their target price on shares of Caterpillar from $660.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. DA Davidson upped their price target on shares of Caterpillar from $569.00 to $650.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Williams Trading set a $825.00 price objective on Caterpillar in a research report on Tuesday, March 10th. Sanford C. Bernstein restated a “market perform” rating and issued a $678.00 target price on shares of Caterpillar in a research note on Friday, January 30th. Finally, JPMorgan Chase & Co. upped their target price on Caterpillar from $765.00 to $860.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $730.50.

Caterpillar Stock Down 2.4%

Caterpillar stock opened at $701.96 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 0.94. Caterpillar Inc. has a fifty-two week low of $267.30 and a fifty-two week high of $789.81. The firm has a fifty day moving average price of $707.68 and a two-hundred day moving average price of $601.23. The firm has a market cap of $326.61 billion, a price-to-earnings ratio of 37.30, a P/E/G ratio of 1.70 and a beta of 1.54.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results 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 return on equity of 45.76% and a net margin of 13.14%.The company 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 business posted $5.14 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, analysts forecast that Caterpillar Inc. will post 19.86 earnings per share for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, insider Anthony D. Fassino sold 7,891 shares of Caterpillar stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $776.90, for a total value of $6,130,517.90. Following the transaction, the insider directly owned 46,643 shares of the company’s stock, valued at $36,236,946.70. The trade was a 14.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO William E. Schaupp sold 972 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $764.20, for a total value of $742,802.40. Following the completion of the sale, the chief accounting officer directly owned 824 shares of the company’s stock, valued at $629,700.80. This represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 135,950 shares of company stock worth $94,327,990. 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.