Caterpillar CEO Joseph Creed Acquires Company Shares
Joseph Creed, CEO of Caterpillar, purchased 16 shares on June 26, 2026.
Key Points
- Caterpillar CEO Joseph Creed bought 16 shares at $997.47 each, totaling $15,959.52 on June 26, 2026.
- Caterpillar has a market cap of $459.4 billion and a P/E ratio of 49.7, with shares trading near $1,033.19.
- Analysts maintain a 'buy' rating with a target mean price of $951.03, while insiders continue to purchase shares.
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Joseph Creed, the CEO of Caterpillar Inc. (NYSE: CAT), recently bought 16 shares of the company at $997.47 each, totaling $15,959.52. This transaction took place on June 26, 2026, and wasn't part of a planned trading program.
Insider Buying and Selling at Caterpillar Inc.
On June 26, 2026, Caterpillar's CEO, Joseph Creed, purchased 16 shares at an average price of $997.47, amounting to $15,959.52. This was not under a Rule 10b5-1 plan. Other executives, including Group President Jason Kaiser and CFO Kyle Joseph Epley, also bought shares on the same day. Earlier in June, insiders like James Fish Jr., David MacLennan, and Nazzic Keene each acquired 211 shares.
Other Institutional Activity in Caterpillar Inc.
Institutional investors are also active in Caterpillar. BlackRock, Inc. increased its holdings by 960,658 shares, bringing its total to 37,169,433 shares valued at about $26.3 billion, marking a 2.7% increase. Meanwhile, State Street Corp reduced its position by 507,946 shares, ending with 34,880,604 shares worth approximately $24.7 billion, a decrease of 1.4%. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, holding 30,234,453 and 11,705,890 shares, respectively. Geode Capital Management, LLC added 517,301 shares, now holding 11,127,483 shares valued at $7.9 billion, a 4.9% increase.
Caterpillar Inc. Stock Up 29.1%
Shares of NYSE:CAT traded near $1,033.19 on Tuesday. Caterpillar Inc. boasts a market capitalization of $459.4 billion and a P/E ratio of 49.7, with a forward P/E of 33.1. The stock has a beta of 1.603, indicating higher volatility compared to the market. It has seen a 52-week low of $384.25 and a high of $1,057.07. The 50-day moving average is $895.37, and the 200-day moving average is $685.13. Caterpillar maintains a current ratio of 1.353 and a quick ratio of 0.73, with a debt-to-equity ratio of 230.793.
$CAT stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
In its most recent quarter, Caterpillar reported revenue of $70.76 billion, reflecting a 22.2% growth. The company's net margin stood at 13.3%, and it achieved a return on equity of 51.3%. Earnings per share (EPS) were $20.05. Caterpillar is expected to announce its next earnings 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 0.65%. The dividend payout ratio is 29.58%, indicating a sustainable payout relative to earnings.
Analysts Set New Price Targets
On June 23, 2026, Wells Fargo maintained its 'buy' rating for Caterpillar with a price target of $1,155. Other firms like Argus Research and Citigroup also maintained 'buy' ratings with targets of $990 and $1,020, respectively, in May. The consensus among 26 analysts is a 'buy' rating, with a target mean price of $951.03.
About Caterpillar Inc.
Caterpillar Inc., based 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 through segments like Construction Industries, Resource Industries, Energy & Transportation, and Financial Products, serving a global market. Led by CEO Ms. Christine M. Pambianchi, Caterpillar employs about 118,000 people.
Bottom Line
Joseph Creed's purchase of Caterpillar shares highlights insider confidence in the company. Investors closely watch such transactions for insights into management's view of the company's prospects. While this insider activity is noteworthy, it's important to remember that such filings reflect past actions and may not indicate future performance.
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