Wedmont Private Capital Acquires 1,159 Shares of Caterpillar Inc. $CAT

Posted by Geri Gentry on Oct 9th, 2026

Wedmont Private Capital lifted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 11.6% during the 3rd quarter, Holdings Channel reports. The firm owned 11,171 shares of the industrial products company’s stock after purchasing an additional 1,159 shares during the quarter. Wedmont Private Capital’s holdings in Caterpillar were worth $8,634,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Intelligence Driven Advisers LLC boosted its holdings in shares of Caterpillar by 5.2% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 568 shares of the industrial products company’s stock worth $461,000 after buying an additional 28 shares in the last quarter. Journey Retirement Planning & Investment Management LLC lifted its position in shares of Caterpillar by 53.3% during the 3rd quarter. Journey Retirement Planning & Investment Management LLC now owns 736 shares of the industrial products company’s stock valued at $597,000 after acquiring an additional 256 shares during the period. Cadent Capital Advisors LLC boosted its stake in Caterpillar by 14.7% during the third quarter. Cadent Capital Advisors LLC now owns 2,532 shares of the industrial products company’s stock worth $2,053,000 after acquiring an additional 325 shares in the last quarter. Lawood & Co. bought a new stake in Caterpillar in the third quarter valued at $3,589,000. Finally, Insight Wealth Strategies LLC boosted its position in shares of Caterpillar by 6.1% during the 3rd quarter. Insight Wealth Strategies LLC now owns 280 shares of the industrial products company’s stock worth $227,000 after purchasing an additional 16 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on CAT shares. JPMorgan Chase & Co. raised their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Barclays upped their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Finally, DA Davidson raised their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $989.17.

View Our Latest Stock Report on Caterpillar

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Volume growth is boosting sales expectations. Caterpillar’s higher equipment volumes contributed approximately $5.4 billion to first-half 2026 revenue, with Construction Industries, Resource Industries and Energy & Transportation all gaining momentum. The strength has prompted a more optimistic full-year outlook. Will Caterpillar’s Strong Volume Growth Keep Driving Sales Up in 2026?
Positive Sentiment: Analysts continue to raise longer-term earnings estimates. Zacks Research increased its Q1 2028 EPS forecast to $8.14, Q2 2028 to $10.52 and full-year 2028 to $39.15 from $36.64, reinforcing expectations for continued earnings growth. The firm nevertheless maintains a “Hold” rating. Caterpillar analyst estimates
Positive Sentiment: Construction-cycle and AI themes support the investment case. J.P. Morgan reportedly views Caterpillar as a major beneficiary of an extended U.S. construction cycle. Separately, the company’s use of artificial intelligence to improve industrial productivity without replacing workers could strengthen efficiency and competitiveness. Caterpillar Is the Market in a Single Stock
Positive Sentiment: Expansion spending signals confidence in domestic demand. Caterpillar plans to invest $1 billion in a North Carolina manufacturing facility, potentially increasing capacity and supporting future U.S. production. Caterpillar to invest $1 billion in North Carolina manufacturing facility
Neutral Sentiment: The Caterpillar Foundation’s recovery support for Nepal floods is positive for corporate reputation but is unlikely to materially affect near-term earnings. Caterpillar Foundation Provides Recovery Support for Nepal Floods
Negative Sentiment: Higher Treasury yields have pressured industrial valuations. A sharp rise in long-term yields contributed to recent selling, while Caterpillar’s move below its 50-day moving average has increased near-term technical caution despite its backlog and earnings outlook. Caterpillar Stock Fell as Treasury Yields Hit 24-Year Highs
Negative Sentiment: Truist lowered its Caterpillar price target from $1,225 to $1,100, potentially weighing on sentiment. In addition, FTC and USDA inquiries into the farm-equipment market create regulatory uncertainty for Caterpillar and Deere. Truist cuts target for Caterpillar stock

Caterpillar Stock Up 0.9%

Caterpillar stock traded up $7.36 during trading on Friday, hitting $803.53. 779,736 shares of the company were exchanged, compared to its average volume of 2,810,120. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business’s 50 day moving average is $822.61 and its 200 day moving average is $853.98. Caterpillar Inc. has a 52 week low of $491.30 and a 52 week high of $1,073.46. The company has a market capitalization of $369.36 billion, a P/E ratio of 34.53, a PEG ratio of 1.40 and a beta of 1.58.

Caterpillar (NYSE:CAT – Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 EPS. Analysts predict that Caterpillar Inc. will post 27.5 earnings per share for the current year.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. 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 completion of the sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Caterpillar Profile

(Free Report)

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.