Treasurer of the State of North Carolina Sells 29,092 Shares of Caterpillar Inc. $CAT

12 Dec 2025, 14:40 by Sarita Garza · The Markets Daily

Treasurer of the State of North Carolina lowered its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 11.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,302 shares of the industrial products company’s stock after selling 29,092 shares during the period. Treasurer of the State of North Carolina’s holdings in Caterpillar were worth $83,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kilter Group LLC bought a new stake in shares of Caterpillar in the second quarter worth about $27,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Caterpillar in the 2nd quarter valued at approximately $28,000. Family Legacy Financial Solutions LLC bought a new stake in Caterpillar during the 2nd quarter worth approximately $32,000. RiverPark Advisors LLC acquired a new stake in Caterpillar during the 2nd quarter worth approximately $32,000. Finally, Harbor Asset Planning Inc. bought a new position in Caterpillar in the second quarter valued at approximately $34,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In other news, insider Jason Kaiser sold 10,707 shares of Caterpillar stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $563.60, for a total value of $6,034,465.20. Following the completion of the transaction, the insider owned 8,649 shares of the company’s stock, valued at $4,874,576.40. This trade represents a 55.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lange Bob De sold 14,638 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 80,209 shares in the company, valued at $45,106,333.24. This represents a 15.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 79,061 shares of company stock valued at $41,949,366. 0.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Caterpillar from $670.00 to $690.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their target price on shares of Caterpillar from $485.00 to $555.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Robert W. Baird lifted their price target on Caterpillar from $612.00 to $680.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Caterpillar in a research report on Wednesday, November 5th. Finally, DA Davidson increased their price objective on Caterpillar from $408.00 to $569.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $612.16.

Read Our Latest Research Report on CAT

Caterpillar Price Performance

NYSE:CAT opened at $625.59 on Friday. Caterpillar Inc. has a 52-week low of $267.30 and a 52-week high of $626.81. The company has a market cap of $292.76 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.90 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. The stock’s 50-day simple moving average is $552.64 and its 200 day simple moving average is $459.04.

Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.52 by $0.43. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The firm had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. During the same period last year, the company earned $5.17 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 19.86 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Caterpillar Company Profile

(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.