Caterpillar Inc. $CAT Holdings Trimmed by Conning Inc.

Posted by Francis Steltz on Oct 29th, 2026

Conning Inc. trimmed its position in Caterpillar Inc. (NYSE:CAT – Free Report) by 81.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,783 shares of the industrial products company’s stock after selling 34,015 shares during the period. Conning Inc.’s holdings in Caterpillar were worth $6,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. boosted its stake in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co increased its position in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 15 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of Caterpillar during the second quarter valued at approximately $36,000. PFS Partners LLC lifted its holdings in Caterpillar by 1,750.0% during the third quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 35 shares during the period. Finally, Tacita Capital Inc bought a new stake in Caterpillar during the second quarter worth $47,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $715.07 on Thursday. The stock has a fifty day simple moving average of $790.42 and a two-hundred day simple moving average of $807.41. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46. The firm has a market cap of $328.70 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT – Get Free Report) last issued 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. The firm had revenue of $20.54 billion for 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 business’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.72 earnings per share. Analysts anticipate that Caterpillar Inc. will post 27.74 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. Caterpillar’s dividend payout ratio is presently 28.06%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CAT shares. Wells Fargo & Company cut their price objective on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group cut their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial reduced their price target on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a report on Wednesday, August 5th. Finally, President Capital assumed coverage on shares of Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $947.42.

Check Out Our Latest Report on Caterpillar

Insiders Place Their Bets

In related news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Wall Street expects Caterpillar to report strong third-quarter sales and earnings growth, with revenue projected to exceed second-quarter sales. A beat, resilient margins, or an improved outlook could help reverse the recent pullback. Caterpillar Q3 2026 earnings preview: Revenue expected to top Q2 sales
Positive Sentiment: Investors are watching demand for Caterpillar’s power systems, including potential AI and data-center infrastructure demand. Strong orders or backlog commentary would reinforce the company’s long-term growth narrative. Caterpillar Earnings Are Yet Another Bet on AI
Positive Sentiment: One valuation analysis suggests CAT could be roughly 20% undervalued after its recent decline, based on expected future cash generation, its heavy-equipment and power businesses, and its substantial order pipeline. Caterpillar Stock May Be 20% Undervalued Following Backlog Questions
Neutral Sentiment: Analysts have recently adjusted their forecasts and price targets ahead of the earnings release, making the report and management’s guidance important catalysts for the stock. Caterpillar Gears Up For Q3 Print
Neutral Sentiment: Articles comparing Caterpillar with Eaton and Deere highlight its dealer network, free-cash-flow generation, and dividend profile, but also show investors weighing CAT against faster-growing electrical-infrastructure opportunities. Caterpillar vs. Eaton
Negative Sentiment: The recent selloff reflects concerns that Caterpillar’s valuation already discounts strong execution, while questions about backlog quality and future cash flows could limit upside if the earnings report disappoints. Caterpillar Dropped 10% in a Month
Negative Sentiment: Caterpillar’s legal challenge involving the United Kingdom’s post-Brexit tariffs introduces a potential trade-cost and regulatory overhang, although the immediate financial impact is unclear. Caterpillar mounts landmark legal test of UK’s post-Brexit tariffs

Caterpillar Profile

(Free Report)

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.