New insider activity at Caterpillar ( (CAT) ) has taken place on February 3, 2026.
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Group Presidents Bob De Lange and Anthony D. Fassino collectively unloaded 26,648 Caterpillar shares, with De Lange moving 15,977 shares for $10,912,131 and Fassino divesting 10,671 shares for $7,261,081, underscoring significant insider selling at the industrial giant.
Recent Updates on CAT stock
In the last 24 hours, Caterpillar’s stock has traded against the backdrop of a Q4 earnings call that showed record revenue, a record backlog, and strong free cash flow, but also highlighted mounting profitability pressures that are influencing analysts’ outlooks and valuation frameworks. The main drivers behind recent price‑target reassessments center on a tension between very strong structural demand and rising external and internal cost headwinds. On the positive side, analysts are factoring in record annual and quarterly sales, a historic $51 billion backlog that provides multi‑year revenue visibility, and especially strong momentum in the Power & Energy segment that is being fueled by data‑center and energy‑infrastructure demand. They also point to high and consistent free cash flow supporting sizeable buybacks and dividends, expanding higher‑margin services and digital offerings that deepen recurring revenue, and growing autonomy and large commercial wins (such as major mining and data‑center power contracts) that support a more durable long‑term growth narrative. Offsetting these positives, analysts are revising their models to incorporate sharply higher tariffs that are already compressing margins by several hundred basis points in key segments and are expected to rise further in 2026, along with higher manufacturing costs, incentive compensation, and stepped‑up capital and R&D spending that weigh on near‑term earnings and free cash flow. They are also building in softer conditions in certain regions, a cautious mining capex backdrop, limited pricing tailwinds relative to cost inflation, and execution risk tied to capacity constraints and the long‑dated nature of the backlog. Together, these factors are driving more nuanced price‑target changes that reflect confidence in Caterpillar’s long‑term growth and cash generation but a more constrained view on near‑term margin expansion and earnings power given the tariff and cost environment.
Spark’s Take on CAT Stock
According to Spark, TipRanks’ AI Analyst, CAT is a Outperform.
CAT scores well on fundamentals and trend: strong profitability and free cash flow, plus clear bullish technical positioning above key moving averages. The main offsets are expensive valuation (high P/E and low yield) and earnings-call risks centered on rising tariffs and margin compression despite strong backlog-driven visibility.
To see Spark’s full report on CAT stock, click here.
More about Caterpillar
YTD Price Performance: 20.89%
Average Trading Volume: 2,529,916
Technical Sentiment Signal: Buy
Current Market Cap: $307.6B