Caterpillar Inc. $CAT Stock Sold by Keybank National Association OH

Keybank National Association OH trimmed its holdings in Caterpillar Inc. (NYSE:CAT) by 1.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 233,827 shares of the industrial products company’s stock after selling 2,938 shares during the period. Keybank National Association OH’s holdings in Caterpillar were worth $189,585,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Caterpillar in the 2nd quarter valued at about $40,457,153,000. State Street Corp raised its stake in Caterpillar by 4.0% during the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE acquired a new stake in Caterpillar during the 2nd quarter worth approximately $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in Caterpillar during the 2nd quarter worth approximately $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar in the 2nd quarter valued at approximately $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CAT shares. Erste Group Bank lowered Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Morgan Stanley cut their price target on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th. President Capital assumed coverage on Caterpillar in a report on Friday, September 18th. They set a “buy” rating and a $999.00 price target for the company. Freedom Broker lowered their price objective on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Finally, Weiss Ratings cut shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $898.25.

Insider Activity

In other Caterpillar news, Director C Jr acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director directly owned 4,714 shares of the company’s stock, valued at approximately $2,924,518.46. This represents a 26.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

CAT opened at $584.28 on Wednesday. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46. The stock has a market cap of $267.36 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.04 and a beta of 1.65. The stock’s 50 day simple moving average is $751.89 and its 200 day simple moving average is $805.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The company had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. Caterpillar’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.95 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.38 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s payout ratio is 25.58%.

Caterpillar Profile

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.