3,135 Caterpillar Inc. $CAT Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 13.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,832 shares of the industrial products company’s stock after selling 3,135 shares during the period. Caterpillar accounts for approximately 0.8% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 25th largest position. Knights of Columbus Asset Advisors LLC’s holdings in Caterpillar were worth $16,080,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in Caterpillar during the 2nd quarter valued at approximately $40,457,153,000. State Street Corp grew its position in shares of Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after buying an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Caterpillar in the 2nd quarter worth approximately $5,818,150,000. Bank of New York Mellon Corp purchased a new position in shares of Caterpillar during the second quarter valued at approximately $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar during the second quarter valued at approximately $2,783,451,000. 70.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CAT. JPMorgan Chase & Co. dropped their price target on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Barclays boosted their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. President Capital began coverage on shares of Caterpillar in a report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective for the company. Truist Financial reaffirmed a “buy” rating and issued a $1,027.00 target price (down from $1,100.00) on shares of Caterpillar in a research report on Friday, October 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Stock Down 2.4%

Shares of NYSE:CAT opened at $584.28 on Wednesday. The firm has a market capitalization 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 company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. The stock has a 50 day moving average price of $751.89 and a 200-day moving average price of $805.68. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46.

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

Caterpillar Dividend Announcement

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

Insider Buying and Selling at Caterpillar

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

Key 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

Caterpillar Company 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.