St. Louis Financial Planners Asset Management LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 3,527 shares of the industrial products company’s stock, valued at approximately $2,764,000. Caterpillar makes up about 1.2% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 29th biggest position.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Caterpillar during the second quarter worth $40,457,153,000. State Street Corp grew its stake in Caterpillar by 4.0% during the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares in the last quarter. Bank of America Corp DE bought a new stake in Caterpillar in the 2nd quarter valued at $5,818,150,000. Diamant Asset Management Inc. increased its holdings in Caterpillar by 68,427.2% in the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Caterpillar in the 2nd quarter worth $3,192,710,000. Institutional investors own 70.98% of the company’s stock.
Caterpillar News Summary
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar will invest up to $10 million in North Carolina workforce training, supporting technicians and manufacturing workers as it expands its Sanford operations. The investment complements a previously announced roughly $1 billion facility investment intended to increase compact-equipment production. Caterpillar Invests in North Carolina’s Future Manufacturing Workforce
- Positive Sentiment: The acquisition of the Fabick CAT dealer network could strengthen Caterpillar’s distribution and customer-support footprint, although financial terms and the transaction’s earnings impact were not provided. Caterpillar acquires Fabick Cat dealer network
- Neutral Sentiment: Caterpillar scheduled its third-quarter 2026 results for October 29, giving investors a near-term catalyst to assess demand, margins and guidance. Caterpillar Third-Quarter 2026 Results Announcement
- Neutral Sentiment: Resource Industries President Denise Johnson will retire in February 2027, with Derrick York appointed as her successor effective November 1. Johnson will remain in an advisory role during the transition, limiting immediate disruption concerns. Caterpillar Announces Leadership Transition in Resource Industries
- Negative Sentiment: An analyst downgrade pressured the stock, while Oppenheimer issued a pessimistic forecast. These actions reinforce concerns about Caterpillar’s valuation and future earnings outlook. Caterpillar Shares Down on Analyst Downgrade
- Negative Sentiment: A broader unwind in the AI-related power trade also weighed on Caterpillar, as investors reassessed companies expected to benefit from data-center electricity demand. Comparisons with Generac highlighted differences in backlog, valuation and financial strength. AI Power Trade Unwinds
Insider Activity
In other 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 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 $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.
Analysts Set New Price Targets
Several research analysts have commented on CAT shares. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Royal Bank Of Canada lifted their target price on Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Truist Financial decreased their target price on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Finally, Robert W. Baird set a $970.00 price target on Caterpillar in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $967.83.
Check Out Our Latest Report on CAT
Caterpillar Stock Performance
Shares of NYSE:CAT opened at $730.01 on Friday. Caterpillar Inc. has a 52 week low of $510.21 and a 52 week high of $1,073.46. The stock has a market capitalization of $335.57 billion, a P/E ratio of 31.41, a PEG ratio of 1.26 and a beta of 1.58. The firm has a fifty day simple moving average of $812.24 and a two-hundred day simple moving average of $855.37. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.
Caterpillar (NYSE:CAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter last year, the business posted $4.72 earnings per share. On average, analysts expect that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The business 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 is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. Caterpillar’s dividend payout ratio is 28.06%.
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.
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