David Maclennan Buys Shares of Caterpillar Inc.
David Maclennan acquired 22 shares of Caterpillar Inc. valued at $23,217.26.
Key Points
- David Maclennan purchased 22 shares of Caterpillar Inc. on June 30, 2026, at an average price of $1,055.33 per share.
- Shares of Caterpillar Inc. traded near $1,064.90 on Wednesday, with a market cap of about $490.5 billion and a P/E ratio of 52.9.
- Analysts from Wells Fargo and others maintain a 'buy' rating on Caterpillar, with price targets up to $1,155.00.
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On June 30, 2026, David Maclennan purchased 22 shares of Caterpillar Inc. (NYSE:CAT) at an average price of $1,055.33 per share. The total value of this transaction was $23,217.26. This insider buying activity did not occur as part of a pre-planned trading program.
Insider Buying and Selling at Caterpillar Inc.
David Maclennan's recent purchase of 22 shares adds to a series of insider activities at Caterpillar. On June 26, 2026, Joseph Creed, the CEO, bought 16 shares at $997.47 each. Other executives, including Group President Jason Kaiser and CFO Kyle Joseph Epley, also acquired shares at the same price on that day. Earlier in June, James Fish Jr. and David Maclennan both bought 211 shares each, though these transactions did not specify a purchase price.
Caterpillar Inc. Stock Up 33.1%
Shares of NYSE:CAT traded near $1,064.90 on Wednesday. Caterpillar Inc. has a market cap of approximately $490.5 billion and a P/E ratio of 52.9. It has a forward P/E of 35.4 and a beta of 1.603, indicating its volatility compared to the market. The stock's 52-week range is between $384.25 and $1,073.46, with a 50-day moving average of $900.58 and a 200-day moving average of $688.18. Caterpillar's balance sheet shows 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
Caterpillar reported revenue of $70.76 billion, reflecting a growth of 22.2%. The company's net margin stands at 13.3%, with a return on equity of 51.3%. Earnings per share were $20.13. The next earnings release is scheduled for 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 per share, which translates to a yield of 0.61%. The payout ratio is 29.58%, indicating the proportion of earnings paid out as dividends to shareholders.
Analysts Set New Price Targets
On June 23, 2026, Wells Fargo maintained its 'buy' rating on Caterpillar with a price target of $1,155.00. Other analysts, including those from Argus Research and Citigroup, also sustained a 'buy' rating with targets of $990.00 and $1,020.00, respectively. The consensus among 26 analysts is a 'buy' recommendation, with an average target price of $951.03.
About Caterpillar Inc.
Caterpillar Inc., headquartered in Irving, Texas, is a leading provider 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. Under the leadership of CEO Christine M. Pambianchi, Caterpillar employs around 118,000 people and serves customers worldwide.
Bottom Line
David Maclennan's recent purchase of Caterpillar shares is a notable insider transaction, reflecting confidence in the company's prospects. Investors often watch insider activity for potential signals about a company's future. However, it's important to remember that these transactions are reported after the fact and may not predict future stock performance.
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