Caterpillar Inc. $CAT Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in Caterpillar Inc. (NYSE:CAT) by 3.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,514 shares of the industrial products company’s stock after selling 923 shares during the period. Illinois Municipal Retirement Fund’s holdings in Caterpillar were worth $23,119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Diversify Advisory Services LLC bought a new stake in Caterpillar in the second quarter worth about $5,372,000. D.B. Root & Company LLC bought a new position in shares of Caterpillar during the 2nd quarter valued at about $850,000. Dearborn Partners LLC acquired a new position in shares of Caterpillar in the 2nd quarter worth approximately $20,293,000. B. Metzler seel. Sohn & Co. AG grew its stake in shares of Caterpillar by 4.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Van Hulzen Asset Management LLC raised its holdings in shares of Caterpillar by 85.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock worth $2,991,000 after purchasing an additional 1,293 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

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

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. The company had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the company posted $4.95 earnings per share. On average, analysts predict that Caterpillar Inc. will post 27.38 EPS for the current year.

Caterpillar Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is 25.58%.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Jr acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, with a total value of $620,390.00. Following the purchase, the director directly owned 4,714 shares in the company, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Caterpillar

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of 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. UBS Group decreased their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th. Weiss Ratings cut Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Barclays increased their price objective on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Erste Group Bank lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $898.25.

About Caterpillar

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.