Gotham Asset Management Reduces $6M in Caterpillar Inc. ($CAT)
Gotham Asset Management cut its Caterpillar holdings by 4.39% in its latest SEC filing.
Key Points
- Gotham Asset Management trimmed its position in Caterpillar by 5,377 shares, reducing its stake by 4.39% to 117,096 shares valued at $106.9 million.
- Caterpillar shares are trading near $913.08 with a market cap of $419.4 billion and a P/E ratio of 45.28.
- Insiders at Caterpillar have been buying, and analysts have maintained various ratings with price targets ranging from $800 to $1,125.
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Gotham Asset Management recently filed a Form 13F with the SEC, revealing that it trimmed its position in Caterpillar Inc. (NYSE: CAT). The firm reduced its holdings by 5,377 shares, which is a 4.39% decrease, leaving it with 117,096 shares valued at approximately $106.9 million as of the filing date.
What Changed in Gotham Asset Management's Caterpillar Position
Gotham Asset Management scaled back its investment in Caterpillar, moving from 122,473 shares to 117,096 shares. This reduction of 5,377 shares reflects a 4.39% decrease in its stake. The value of this position stands at $106.9 million based on the latest share price.
Other Institutional Activity in Caterpillar
In addition to Gotham's move, other major funds have also adjusted their holdings in Caterpillar. BlackRock, Inc. increased its position by 960,658 shares, bringing its total to 37,169,433 shares worth about $26.3 billion. Conversely, State Street Corp reduced its stake by 507,946 shares, ending with 34,880,604 shares valued at $24.7 billion. Vanguard Capital Management LLC made a substantial addition, now holding 30,234,453 shares valued at $21.4 billion. State Farm Mutual Automobile Insurance Co decreased its holdings by 2,866,464 shares, resulting in 14,564,726 shares worth $10.3 billion. Meanwhile, Geode Capital Management, LLC added 517,301 shares, totaling 11,127,483 shares valued at $7.9 billion.
Caterpillar Inc. Stock Up 33.1%
Shares of Caterpillar (NYSE: CAT) are trading near $913.08. The company has a market capitalization of $419.4 billion and a P/E ratio of 45.28. Its forward P/E is 30.25, and the stock has a beta of 1.603. Caterpillar's 52-week range spans from $355.70 to $946.83, with a 50-day moving average of $851.60 and a 200-day moving average of $657.36. The current ratio stands at 1.353, and the quick ratio is 0.73, with a debt-to-equity ratio of 230.79.
$CAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Caterpillar reported revenue of $70.76 billion, showing a growth of 22.2%. The company posted an EPS of $20.11, with a net margin of 13.33% and a return on equity of 51.33%. The next earnings report is expected on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 18.8%. Revenue beat estimates by 3.8%.
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Profit surprise
EBITDA beat by 32 percent. Operating income beat by 34 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 7 target raises.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Caterpillar had a strong first quarter with revenue of 17.4 billion dollars, up 22 percent from last year, and adjusted earnings per share of 5.54 dollars, beating consensus of 4.55 dollars. Backlog hit a record 63 billion dollars, with particularly strong demand for power generation equipment serving data centers. Management is investing aggressively in capacity expansion because customers are committing to long term orders for backup power, prime power, and gas compression applications across multiple industries.
Guidance Caterpillar raised its 2026 sales outlook to low double digit growth from expectations set in January. The company expects continued growth across all three segments driven by strong backlog and resilient end markets, especially in power generation for data centers. Management plans to expand large reciprocating engine capacity to nearly 3 times 2024 levels by 2030.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Caterpillar offers an annual dividend rate of $6.52, yielding 0.73%. The dividend payout ratio is 29.58%.
Insider Buying and Selling at Caterpillar Inc.
Several insiders at Caterpillar have been buying shares recently. On June 10, 2026, insiders including James Jr Fish, David MacLennan, Nazzic Keene, Debra Reed, Gerald Johnson, and Susan Schwab each purchased 211 shares, though the transaction prices were not disclosed.
Analysts Set New Price Targets
On May 5, 2026, Argus Research maintained its 'buy' rating for Caterpillar with a price target of $990. Citigroup also maintained a 'buy' rating with a target of $1,020 on May 4. DA Davidson kept a 'hold' rating with a target of $845, while JP Morgan maintained a 'buy' rating with a target of $1,125 on May 1. The consensus among analysts is a 'buy' rating, with a mean target price of $944.10 based on 26 opinions.
About Caterpillar Inc.
Caterpillar Inc., headquartered in Irving, Texas, is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company operates in various segments, including Construction Industries, Resource Industries, Energy & Transportation, and Financial Products. Caterpillar serves a global market and is led by CEO Joseph E. Creed. The company employs approximately 118,000 people.
Bottom Line
Gotham Asset Management's recent reduction in its Caterpillar stake is part of its latest reported holdings as of the SEC filing. Investors track these filings to gauge institutional sentiment. It's important to remember that 13F filings are historical and may not reflect current positions. Caterpillar remains a significant player in the industrial sector, attracting attention from both institutional investors and analysts.
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