Caterpillar Inc. (NYSE:CAT) Shares Sold by Charles Schwab Trust Co

05 Jun 2025, 17:48 by Michael Walen · The Markets Daily

Charles Schwab Trust Co decreased its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 5.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,994 shares of the industrial products company’s stock after selling 290 shares during the quarter. Charles Schwab Trust Co’s holdings in Caterpillar were worth $1,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Caterpillar in the fourth quarter valued at $2,184,364,000. GAMMA Investing LLC increased its stake in Caterpillar by 43,447.3% in the 1st quarter. GAMMA Investing LLC now owns 3,730,259 shares of the industrial products company’s stock valued at $1,230,239,000 after buying an additional 3,721,693 shares during the period. Capital Research Global Investors raised its holdings in shares of Caterpillar by 69.3% during the fourth quarter. Capital Research Global Investors now owns 2,924,054 shares of the industrial products company’s stock worth $1,060,730,000 after acquiring an additional 1,196,861 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Caterpillar during the 4th quarter valued at about $353,231,000. Finally, Proficio Capital Partners LLC grew its position in Caterpillar by 50,072.7% in the fourth quarter. Proficio Capital Partners LLC now owns 804,770 shares of the industrial products company’s stock worth $291,938,000 after acquiring an additional 803,166 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Activity

In other news, Director David Maclennan acquired 375 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $320.70 per share, with a total value of $120,262.50. Following the acquisition, the director now owns 6,653 shares of the company’s stock, valued at $2,133,617.10. This trade represents a 5.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CAT. Citigroup upped their price target on Caterpillar from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Oppenheimer upgraded Caterpillar from a “market perform” rating to an “outperform” rating and set a $395.00 price target on the stock in a report on Thursday, May 1st. Robert W. Baird upgraded shares of Caterpillar from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $309.00 to $395.00 in a research note on Tuesday, May 13th. Truist Financial reiterated a “buy” rating and issued a $396.00 target price (up from $389.00) on shares of Caterpillar in a research note on Thursday, May 1st. Finally, DA Davidson boosted their target price on shares of Caterpillar from $325.00 to $331.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $372.92.

Get Our Latest Stock Analysis on Caterpillar

Caterpillar Stock Performance

NYSE:CAT opened at $349.64 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.42 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $164.70 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 1.87 and a beta of 1.35. Caterpillar Inc. has a 12-month low of $267.30 and a 12-month high of $418.50. The firm has a 50-day moving average price of $319.90 and a 200 day moving average price of $350.35.

Caterpillar (NYSE:CAT – Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $4.25 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.10). The firm had revenue of $14.25 billion for the quarter, compared to the consensus estimate of $14.64 billion. Caterpillar had a return on equity of 58.18% and a net margin of 16.65%. Caterpillar’s quarterly revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $5.60 earnings per share. Research analysts anticipate that Caterpillar Inc. will post 19.86 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Monday, April 21st were given a dividend of $1.41 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $5.64 dividend on an annualized basis and a dividend yield of 1.61%. Caterpillar’s payout ratio is currently 27.49%.

About Caterpillar

(Free Report)

Caterpillar Inc manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.