Caterpillar Inc. $CAT Stock Position Increased by ZWJ Investment Counsel Inc.

Posted by Brenda Bartman on Oct 15th, 2026

ZWJ Investment Counsel Inc. boosted its stake in Caterpillar Inc. (NYSE:CAT – Free Report) by 5,857.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,689 shares of the industrial products company’s stock after purchasing an additional 81,301 shares during the quarter. Caterpillar comprises approximately 1.9% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 17th largest holding. ZWJ Investment Counsel Inc.’s holdings in Caterpillar were worth $67,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Triangle Securities Wealth Management grew its holdings in Caterpillar by 98.4% during the 3rd quarter. Triangle Securities Wealth Management now owns 12,221 shares of the industrial products company’s stock valued at $9,909,000 after buying an additional 6,060 shares in the last quarter. Mather Group LLC. increased its stake in Caterpillar by 19.9% in the 3rd quarter. Mather Group LLC. now owns 22,742 shares of the industrial products company’s stock worth $17,594,000 after acquiring an additional 3,768 shares during the last quarter. West Wealth Group LLC raised its holdings in shares of Caterpillar by 2.5% during the 3rd quarter. West Wealth Group LLC now owns 1,097 shares of the industrial products company’s stock worth $890,000 after acquiring an additional 27 shares in the last quarter. First Pacific Financial raised its holdings in shares of Caterpillar by 2.8% during the 3rd quarter. First Pacific Financial now owns 1,421 shares of the industrial products company’s stock worth $1,141,000 after acquiring an additional 39 shares in the last quarter. Finally, Reliant Investment Management LLC purchased a new stake in shares of Caterpillar during the 3rd quarter worth approximately $11,165,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Performance

Caterpillar stock opened at $747.18 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The firm has a market capitalization of $343.46 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58. Caterpillar Inc. has a 1-year low of $510.21 and a 1-year high of $1,073.46. The company’s 50-day moving average is $816.99 and its 200 day moving average is $855.96.

Caterpillar (NYSE:CAT – Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the business earned $4.72 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 27.49 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 19th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, October 19th. Caterpillar’s dividend payout ratio is presently 28.06%.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Oppenheimer lowered its Caterpillar price target from $1,118 to $1,009 but maintained an “outperform” rating. The new target implies substantial potential upside from recent levels, suggesting the analyst still sees attractive long-term value after the pullback. Benzinga analyst price target report
Positive Sentiment: Caterpillar’s board maintained its quarterly dividend at $1.63 per share, payable November 19 to shareholders of record October 19. The annualized dividend is $6.52 per share, or approximately a 0.9% yield, reinforcing the company’s long record of returning cash to shareholders. Caterpillar maintains dividend
Neutral Sentiment: Caterpillar is attracting elevated investor attention, while comparisons with Deere and Timken focus on relative valuation, cyclical exposure and the outlook for industrial demand. These reports may increase trading interest but do not represent new company-specific operating developments. Caterpillar investor attention report
Negative Sentiment: Shares contributed to declines in the Dow as investors continued selling AI- and data-center-related beneficiaries amid inflation concerns. Caterpillar has fallen roughly 30% from its record high, reflecting a sharp reassessment of the premium investors had assigned to its data-center power opportunity. Caterpillar AI selloff and inflation concerns
Negative Sentiment: Analysts have reduced expectations: Erste Group cut its fiscal 2027 EPS forecast to $32.14 from $32.28 and kept a “hold” rating, while Citi and Truist reportedly lowered their price targets. Investors are also questioning whether Caterpillar’s elevated earnings multiple can be sustained if data-center-related demand moderates. Caterpillar analyst target cuts

Insider Buying and Selling 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 stock was 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 of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

CAT has been the subject of a number of recent research reports. Freedom Broker raised shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 target price for the company in a report on Thursday, September 10th. Citigroup decreased their price target on shares of Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research note on Monday. Robert W. Baird set a $970.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research report on Thursday, September 10th. Finally, Weiss Ratings raised shares of Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $967.83.

Read Our Latest Research Report on Caterpillar

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.