Modera Wealth Management LLC raised its position in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,626 shares of the industrial products company’s stock after acquiring an additional 1,178 shares during the period. Modera Wealth Management LLC’s holdings in Caterpillar were worth $6,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Caterpillar during the second quarter valued at $40,457,153,000. State Street Corp increased 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 worth $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new stake in Caterpillar during the second quarter worth approximately $5,818,150,000. Bank of New York Mellon Corp purchased a new stake in Caterpillar during the second quarter valued at approximately $3,192,710,000. Finally, Legal & General Group Plc purchased a new stake in Caterpillar during the second quarter valued at approximately $2,783,451,000. 70.98% of the stock is currently owned by institutional investors.
Key Headlines Impacting Caterpillar
Here are the key news stories impacting Caterpillar this week:
- Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
- Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
- Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
- Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
- Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
- Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.
Caterpillar Price Performance
Shares of CAT stock opened at $622.73 on Friday. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.42. The firm has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.07 and a beta of 1.58. The stock has a 50 day moving average price of $783.25 and a 200 day moving average price of $807.52.
Caterpillar (NYSE:CAT – Get Free Report) last released its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The business had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $4.95 earnings per share. As a group, sell-side analysts predict that Caterpillar Inc. will post 27.75 earnings per share for the current 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 $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s payout ratio is 25.58%.
Insider Transactions at Caterpillar
In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business’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 $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CAT shares. Freedom Broker upgraded 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. Truist Financial reissued a “buy” rating and set a $1,027.00 target price (down from $1,100.00) on shares of Caterpillar in a research report on Friday. Oppenheimer restated an “outperform” rating and set a $1,009.00 price target on shares of Caterpillar in a report on Thursday. JPMorgan Chase & Co. lowered their price target on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada dropped their price objective on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $913.96.
Caterpillar Profile
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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