Key Points
- Rodney Michael Shurman sold 5,639 shares of Caterpillar on May 5 at an average price of $903.18 for about $5.09M, leaving him with 2,546 shares (a 68.89% reduction); the sale was disclosed in an SEC filing.
- Q1 results beat expectations: Caterpillar reported $5.54 EPS vs. $4.65 expected and $17.42B in revenue vs. $16.53B expected, with revenue up 22.2% year‑over‑year and solid margins (net margin 13.33%, ROE 48.21%).
- Analyst sentiment and demand narrative lifted: Multiple firms raised price targets (HSBC to $1,100, Oppenheimer $980) and coverage highlighting AI/data‑center power and longer lead times is supporting momentum; the stock’s average target is $890.27.
Caterpillar Inc. (NYSE:CAT - Get Free Report) insider Rodney Michael Shurman sold 5,639 shares of Caterpillar stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $903.18, for a total transaction of $5,093,032.02. Following the completion of the sale, the insider owned 2,546 shares in the company, valued at approximately $2,299,496.28. This represents a 68.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Rodney Michael Shurman also recently made the following trade(s):
- On Monday, February 23rd, Rodney Michael Shurman sold 2,278 shares of Caterpillar stock. The shares were sold at an average price of $759.61, for a total transaction of $1,730,391.58.
- On Tuesday, February 17th, Rodney Michael Shurman sold 1,764 shares of Caterpillar stock. The shares were sold at an average price of $763.39, for a total transaction of $1,346,619.96.
Caterpillar Trading Up 2.5%
Shares of NYSE:CAT opened at $927.22 on Thursday. The company has a market cap of $427.07 billion, a PE ratio of 46.15, a P/E/G ratio of 1.85 and a beta of 1.63. The company's 50-day moving average price is $753.19 and its 200 day moving average price is $662.31. Caterpillar Inc. has a fifty-two week low of $318.11 and a fifty-two week high of $930.54. The company has a quick ratio of 0.81, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.
Caterpillar (NYSE:CAT - Get Free Report) last issued 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 $17.42 billion for the quarter, compared to the consensus estimate of $16.53 billion. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. Caterpillar's quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm posted $4.25 EPS. Sell-side analysts anticipate that Caterpillar Inc. will post 23.84 earnings per share for the current year.
Caterpillar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Monday, April 20th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, April 20th. Caterpillar's payout ratio is 30.06%.
Analyst Upgrades and Downgrades
CAT has been the topic of a number of recent analyst reports. Daiwa Securities Group boosted their price target on shares of Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Rothschild & Co Redburn boosted their price target on shares of Caterpillar from $650.00 to $700.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 4th. HSBC boosted their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday. Oppenheimer set a $980.00 target price on shares of Caterpillar and gave the stock an "outperform" rating in a report on Friday, May 1st. Finally, CICC Research began coverage on shares of Caterpillar in a report on Friday, February 6th. They issued an "outperform" rating on the stock. Sixteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $890.27.
Read Our Latest Research Report on CAT
More Caterpillar News
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Q1 results: Caterpillar reported solid top‑line and margin beats and big construction equipment revenue growth, giving investors confidence in near‑term demand and backlog expansion. Caterpillar Reports 38% Boost to Construction Equipment Revenue for Q1 2026
- Positive Sentiment: Analyst target lifts: Multiple shops boosted their targets (Argus to $990; HSBC raised its target as well), providing fresh buy‑side ammunition and supporting higher valuations. Argus Raises Caterpillar (NYSE:CAT) Price Target to $990.00 HSBC Raises Caterpillar Price Target to $1,100
- Positive Sentiment: AI / data‑center power narrative: Coverage framing CAT as an AI‑infrastructure beneficiary (generators, power systems, onsite electrification) is driving incremental demand expectations and momentum buying. Industrial-Strength Rally: Why Caterpillar Is Up 53%...
- Positive Sentiment: Order visibility: Third‑party notes on supplier/peer dynamics (Archrock) point to much longer lead times — a signal that equipment and power demand are sustained. Longer lead times support pricing power and future revenue. Archrock reaffirms outlook as Caterpillar lead times near 160
- Positive Sentiment: Commercial wins & product traction: New deployments of CAT autonomy and power solutions (e.g., Carmeuse deal) show product diversification and aftermarket / technology monetization potential. Carmeuse selects Caterpillar’s autonomous hauling solution
- Positive Sentiment: Insider support: A director added shares (modest buy), which is a small but constructive insider signal. SEC filing: Director purchase
- Neutral Sentiment: Mixed analyst posture: Some firms (DA Davidson) raised targets after the quarter but kept Neutral ratings, indicating disagreement on how much upside is left versus the premium valuation. DA Davidson Raises Caterpillar (CAT) Target Following Better-Than-Expected Quarter
- Neutral Sentiment: Attention/volatility: Heavy media coverage and elevated options interest are amplifying near‑term moves but do not by themselves change fundamentals. Do Options Traders Know Something About Caterpillar Stock?
- Negative Sentiment: Insider sales: Two insiders disclosed sizable share sales (one trimmed ~37%, another sold >5,600 shares), which some investors may interpret as profit‑taking and a modest caution flag. SEC filing: Insider sale SEC filing: Insider sale (Shurman)
Institutional Trading of Caterpillar
Hedge funds and other institutional investors have recently made changes to their positions in the business. Pacific Point Advisors LLC purchased a new position in shares of Caterpillar in the fourth quarter worth approximately $579,000. Brighton Jones LLC increased its position in shares of Caterpillar by 51.5% in the fourth quarter. Brighton Jones LLC now owns 7,409 shares of the industrial products company's stock worth $2,688,000 after acquiring an additional 2,519 shares in the last quarter. United Bank increased its position in shares of Caterpillar by 108.5% in the second quarter. United Bank now owns 4,083 shares of the industrial products company's stock worth $1,585,000 after acquiring an additional 2,125 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of Caterpillar by 3.9% in the second quarter. Schnieders Capital Management LLC. now owns 9,147 shares of the industrial products company's stock worth $3,551,000 after acquiring an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Caterpillar by 6.5% in the second quarter. Alliancebernstein L.P. now owns 572,165 shares of the industrial products company's stock worth $222,120,000 after acquiring an additional 34,846 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.
About Caterpillar
(
Get 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.
In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.
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