Transactions in brief
Caterpillar (NYSE:CAT) Group President Bob De Lange executed a multi-part equity transaction on February 2, 2026. He sold 15,977 shares of company stock for approximately $10.9 million, with the sale prices ranging from $682.93 to $683.49. Those sale prices were near Caterpillar’s then-current trading price of $702.65.
On the same day, De Lange exercised options to acquire 20,512 shares of Caterpillar common stock at an exercise price of $151.12, for a total cost of $3,099,773. In conjunction with the option exercise, 4,535 shares were disposed of at $683.41, representing proceeds of $3,099,264.
Post-transaction ownership
After completing these moves, De Lange is recorded as directly owning 79,953 shares of Caterpillar common stock.
Market context and valuation
Caterpillar’s shares have advanced 93.73% over the past 12 months and are trading above the previous 52-week high of $691.38. The company has a market capitalization of $329.17 billion and trades at a price-to-earnings ratio of 37.19, a level that implies a premium valuation. Analysis indicates the stock may be slightly overvalued relative to its Fair Value.
Dividends and earnings performance
The industrial equipment maker has paid dividends for 56 consecutive years and has increased its dividend for 12 straight years. In other corporate developments, Caterpillar reported fourth-quarter 2025 earnings that exceeded expectations. The company posted earnings per share of $5.16 versus a projection of $4.70. Revenue for the quarter reached $19.1 billion, which was 7% higher than anticipated.
Analyst activity and corporate actions
There were no recent public announcements concerning mergers or acquisitions involving Caterpillar. Likewise, analyst firms have not indicated any recent upgrades or downgrades for the stock in the period referenced.
What this represents
The recorded transactions combine option exercises, share disposals tied to those exercises, and a separate larger sale of shares. The company’s recent financial beat and sustained dividend record sit alongside valuation measures that point to a premium multiple as of the figures reported.