Umpleby III, Caterpillar executive chairman, sells $7.08 million in stock

Donald J. Umpleby III, Executive Chairman of CATERPILLAR INC (NYSE:CAT), sold 17,168 shares of common stock on September 2, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as Caterpillar , a prominent player in the machinery industry with a market capitalization of $194 billion, trades near its 52-week high of $441.15. According to InvestingPro analysis, the stock is currently trading above its Fair Value, following a strong 26% return over the past six months.

The shares were sold at a weighted average price of $412.87, for a total value of $7,088,152. Prices for the transactions ranged from $410.37 to $414.50. Following the transaction, Umpleby directly owns 482,505 shares of Caterpillar. He also indirectly owns 59,000 shares held by an Irrevocable Trust for Descendants, 36,040 shares held by a Children’s Irrevocable Trust and 1,028 shares held by a 401(k) Plan. The company maintains a strong financial health score and has consistently paid dividends for 55 consecutive years, with 11 years of consecutive dividend increases.

In other recent news, Caterpillar has revised its tariff cost projections, estimating a financial impact of $500-$600 million for the third quarter and $1.5-$1.8 billion for 2025. This adjustment has led to several analyst firms revising their price targets for the company. Bernstein maintained its Market Perform rating with a price target of $447, while JPMorgan lowered its target to $505, citing concerns over new tariff guidelines affecting steel and aluminum components. Oppenheimer also reduced its target to $480, reflecting Caterpillar’s updated tariff impact outlook. Additionally, Caterpillar disclosed that the raised estimates for 2025 tariffs follow new clarifications and tariffs introduced since its last earnings report. In other developments, Norway’s sovereign-wealth fund has divested from Caterpillar, citing potential involvement in human rights violations in conflict situations. These updates reflect the ongoing challenges and strategic adjustments facing Caterpillar in the current economic environment.

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