Caterpillar Inc. $CAT Shares Purchased by State of Wyoming

State of Wyoming increased its holdings in Caterpillar Inc. (NYSE:CAT) by 735.1% during the third quarter, HoldingsChannel reports. The fund owned 1,094 shares of the industrial products company’s stock after acquiring an additional 963 shares during the quarter. State of Wyoming’s holdings in Caterpillar were worth $887,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CAT. BlackRock Inc. purchased a new position in shares of Caterpillar during the second quarter valued at approximately $40,457,153,000. State Street Corp boosted its holdings 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 worth $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE purchased a new position in Caterpillar during the 2nd quarter worth $5,818,150,000. Bank of New York Mellon Corp bought a new stake in shares of Caterpillar in the 2nd quarter worth $3,192,710,000. Finally, Legal & General Group Plc purchased a new stake in shares of Caterpillar in the second quarter valued at about $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Analysts Set New Price Targets

Several research firms recently weighed in on CAT. Zacks Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Royal Bank Of Canada cut their price objective on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a research report on Friday. Citigroup cut their price target on shares of Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and an average target price of $913.96.

Caterpillar Stock Down 3.8%

CAT stock opened at $622.73 on Friday. Caterpillar Inc. has a twelve month low of $537.08 and a twelve month high of $1,073.46. The firm has a market capitalization of $286.25 billion, a PE ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.58. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The stock has a 50-day simple moving average of $783.25 and a two-hundred day simple moving average of $807.52.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. During the same quarter in the previous year, the company earned $4.95 earnings per share. Caterpillar’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is 25.58%.

About Caterpillar

Caterpillar Inc is a manufacturer of construction, mining, and industrial equipment. Its product portfolio includes excavators, bulldozers, wheel loaders, motor graders, articulated trucks, and other machinery used in construction, infrastructure development, mining, quarrying, forestry, and related industries. The company also produces diesel and natural gas engines, industrial gas turbines, generator sets, and other power-generation and transportation equipment.

Caterpillar operates through businesses focused on construction industries, resource industries, and energy and transportation.