Caterpillar Inc. $CAT Shares Purchased by ZEGA Investments LLC

13 Jan 2026, 09:34 by Renee Jackson · The Cerbat Gem

ZEGA Investments LLC grew its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 149.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,184 shares of the industrial products company’s stock after purchasing an additional 2,508 shares during the period. ZEGA Investments LLC’s holdings in Caterpillar were worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kilter Group LLC purchased a new stake in shares of Caterpillar in the second quarter valued at about $27,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Caterpillar during the 2nd quarter valued at $28,000. Marquette Asset Management LLC increased its position in Caterpillar by 1,060.0% during the third quarter. Marquette Asset Management LLC now owns 58 shares of the industrial products company’s stock worth $28,000 after buying an additional 53 shares in the last quarter. Family Legacy Financial Solutions LLC acquired a new position in shares of Caterpillar in the second quarter worth $32,000. Finally, RiverPark Advisors LLC purchased a new stake in shares of Caterpillar in the second quarter valued at $32,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Caterpillar Trading Up 1.9%

NYSE CAT opened at $629.52 on Tuesday. The firm has a market capitalization of $294.60 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 2.39 and a beta of 1.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. Caterpillar Inc. has a one year low of $267.30 and a one year high of $630.98. The company’s 50 day moving average price is $580.50 and its 200 day moving average price is $496.54.

Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.43. The company had revenue of $17.64 billion during the quarter, compared to analyst estimates of $16.72 billion. Caterpillar had a net margin of 14.34% and a return on equity of 47.16%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.17 earnings per share. On average, sell-side analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be given a $1.51 dividend. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $6.04 annualized dividend and a yield of 1.0%. Caterpillar’s dividend payout ratio (DPR) is 31.01%.

Insider Buying and Selling at Caterpillar

In other news, CFO Andrew R. J. Bonfield sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 45,460 shares in the company, valued at approximately $26,142,227.60. This represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lange Bob De sold 14,638 shares of Caterpillar stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $562.36, for a total transaction of $8,231,825.68. Following the sale, the insider directly owned 80,209 shares in the company, valued at $45,106,333.24. This trade represents a 15.43% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,729 shares of company stock valued at $31,084,308. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CAT. Hsbc Global Res raised shares of Caterpillar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Morgan Stanley increased their price target on Caterpillar from $380.00 to $395.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 10th. HSBC raised Caterpillar from a “hold” rating to a “buy” rating and lifted their price objective for the company from $405.00 to $660.00 in a research report on Wednesday, November 5th. Royal Bank Of Canada assumed coverage on Caterpillar in a research report on Wednesday, October 22nd. They set a “sector perform” rating and a $560.00 target price on the stock. Finally, Evercore ISI lifted their price target on Caterpillar from $476.00 to $630.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $618.70.

Read Our Latest Report on Caterpillar

About Caterpillar

(Free Report)

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.