Nichols & Pratt Advisers LLP MA Sells 2,671 Shares of Caterpillar Inc. $CAT

Nichols & Pratt Advisers LLP MA trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,721 shares of the industrial products company’s stock after selling 2,671 shares during the period. Caterpillar comprises approximately 2.6% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 14th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in Caterpillar were worth $40,893,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CAT. Vanguard Group Inc. lifted its stake in shares of Caterpillar by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 46,385,185 shares of the industrial products company’s stock worth $26,572,681,000 after acquiring an additional 442,164 shares during the period. State Street Corp increased its position in Caterpillar by 1.1% during the 4th quarter. State Street Corp now owns 35,388,550 shares of the industrial products company’s stock valued at $20,273,039,000 after purchasing an additional 385,204 shares during the period. Geode Capital Management LLC increased its position in Caterpillar by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 10,610,182 shares of the industrial products company’s stock valued at $6,072,572,000 after purchasing an additional 94,524 shares during the period. Fisher Asset Management LLC raised its holdings in Caterpillar by 0.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,493,266 shares of the industrial products company’s stock worth $5,438,408,000 after purchasing an additional 54,069 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Caterpillar by 16.0% in the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company’s stock worth $3,860,457,000 after purchasing an additional 928,974 shares during the period. 70.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Denise C. Johnson sold 12,605 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the completion of the sale, the insider owned 49,825 shares in the company, valued at $45,236,615.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrew R. J. Bonfield sold 15,674 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $918.71, for a total value of $14,399,860.54. Following the completion of the transaction, the chief financial officer owned 52,935 shares in the company, valued at approximately $48,631,913.85. This represents a 22.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,773 shares of company stock valued at $87,642,635. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Rothschild & Co Redburn increased their price objective on shares of Caterpillar from $700.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the company an “outperform” rating in a report on Friday, May 1st. Morgan Stanley set a $915.00 price target on Caterpillar and gave the stock an “equal weight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 17th. Finally, Wells Fargo & Company boosted their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the company an “overweight” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $970.81.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar expanded its mining technology portfolio by acquiring Skycatch, adding near-real-time spatial data, processing, and AI tools that could improve mine safety, planning, and productivity. Caterpillar expands mining technology capabilities with Skycatch acquisition
• Positive Sentiment: The company is reportedly eyeing a multimillion-dollar expansion of its global headquarters, which may signal continued investment and long-term growth confidence. Caterpillar eyes multimillion-dollar global headquarters expansion
• Positive Sentiment: Analysts highlighted Caterpillar’s capital-return profile, including dividends and buybacks, as a reason the stock remains attractive to income-focused investors. Why Caterpillar’s (CAT) Dividend Hike and Buybacks Make Capital-Return Mix Central to Its Tax Profile
• Neutral Sentiment: Market commentary notes that industrial stocks have been leading in 2026, with Caterpillar benefiting from themes like AI infrastructure spending and defense demand, but the broader ETF discussion is not a direct company catalyst. Industrials Are Leading in 2026, But These ETFs Take Different Routes (CAT)
• Neutral Sentiment: Several articles compared CAT with peers or discussed its long-term positioning as an industrial bellwether, which adds context but does not materially change the near-term outlook. TEX vs. CAT: Which Stock Is the Better Value Option?
• Negative Sentiment: Some coverage pointed to shares falling after the Skycatch deal, suggesting investors may be questioning the valuation or immediate payoff from the acquisition. Caterpillar (CAT) Stock Falls 5% Following Skycatch AI Mining Acquisition
• Negative Sentiment: Michael Burry reportedly initiated a short position in Caterpillar, which could weigh on sentiment even though some commentary argued investors should not overreact. Michael Burry Is Shorting Caterpillar Stock for the First Time. Why You Shouldn’t Rush to Do the Same.

Caterpillar Stock Up 1.0%

Shares of NYSE CAT opened at $949.07 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The firm has a market cap of $437.13 billion, a PE ratio of 47.24, a P/E/G ratio of 1.85 and a beta of 1.57. The company’s fifty day simple moving average is $925.59 and its 200 day simple moving average is $778.34. Caterpillar Inc. has a 12-month low of $396.88 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, April 30th. The industrial products company reported $5.54 earnings per share for the quarter, beating the consensus estimate of $4.65 by $0.89. The firm had revenue of $17.41 billion for the quarter, compared to analyst estimates of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.25 earnings per share. As a group, sell-side analysts forecast that Caterpillar Inc. will post 24.71 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, July 20th will be paid a dividend of $1.63 per share. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a yield of 0.7%. Caterpillar’s dividend payout ratio (DPR) is currently 30.06%.

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.