Canandaigua National Trust Co of Florida Makes New $2.13 Million Investment in Caterpillar Inc. $CAT

Posted by Brian Himes on Oct 7th, 2026

Canandaigua National Trust Co of Florida purchased a new stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) during the third quarter, HoldingsChannel reports. The fund purchased 2,632 shares of the industrial products company’s stock, valued at approximately $2,134,000. Caterpillar accounts for approximately 1.2% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 22nd largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diversify Advisory Services LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $5,372,000. D.B. Root & Company LLC purchased a new stake in Caterpillar during the 2nd quarter valued at $850,000. Dearborn Partners LLC bought a new stake in Caterpillar in the second quarter worth $20,293,000. B. Metzler seel. Sohn & Co. AG boosted its stake in Caterpillar by 4.3% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after buying an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC increased its position in Caterpillar by 85.3% during the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 1,293 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Trading Down 5.8%

CAT stock traded down $50.41 during trading on Wednesday, hitting $813.03. The company had a trading volume of 3,336,613 shares, compared to its average volume of 2,820,896. Caterpillar Inc. has a 52-week low of $489.34 and a 52-week high of $1,073.46. The company has a 50 day simple moving average of $822.22 and a 200-day simple moving average of $852.27. The firm has a market capitalization of $373.73 billion, a P/E ratio of 34.98, a PEG ratio of 1.47 and a beta of 1.58. 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 data 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 company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.72 EPS. As a group, research analysts forecast that Caterpillar Inc. will post 27.42 earnings per share for the current fiscal year.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: North Carolina expansion supports long-term demand: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina, focusing on automation, advanced manufacturing technology, digital systems and workforce development. The project signals confidence in customer demand and reinforces the company’s U.S. manufacturing strategy. Caterpillar Commits $1 Billion to Expand North Carolina Manufacturing
Positive Sentiment: Analysts raised several future earnings estimates: Zacks Research increased its FY2026 EPS forecast to $27.36 from $27.01 and its FY2027 forecast to $32.44 from $31.43, while also lifting estimates for upcoming quarters through 2028. These revisions suggest expectations for continued earnings growth, although Zacks’ published rating was also reported as “Hold” in one update. Caterpillar Earnings Estimate Revisions
Neutral Sentiment: Potential physical-AI and data-center opportunities: Caterpillar and CoreWeave are working to accelerate development of physical-AI applications. Separately, commentary from Jim Cramer highlighted Caterpillar’s potential role in supplying power-related equipment for data centers. These opportunities could create longer-term growth, but their financial impact is not yet quantified. Caterpillar and CoreWeave Physical AI Partnership
Negative Sentiment: Higher interest rates are pressuring equipment demand: A sharp rise in long-term Treasury yields is weighing on manufacturers that sell expensive machinery financed through credit. Caterpillar was among the hardest-hit industrial names as investors reassessed the affordability of construction and agricultural equipment. Caterpillar Drops as Industrial Stocks Sell Off
Negative Sentiment: Regulatory uncertainty continues: The Federal Trade Commission and Department of Agriculture are soliciting public information about the farm-equipment market. Investors are concerned that the review could eventually lead to tighter rules affecting equipment repairs, distribution or manufacturer practices. Caterpillar and Deere Face Continuing Regulatory Pressure
Negative Sentiment: Valuation and rating concerns remain: With Caterpillar trading at a premium earnings multiple, investors may be less tolerant of macroeconomic or regulatory risks. Zacks Research also downgraded the stock from “Strong Buy” to “Hold,” adding to near-term caution. Caterpillar Stock Rating Cut to Hold

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CAT shares. Freedom Broker upgraded 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. Weiss Ratings lowered shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Wall Street Zen downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, September 26th. Zacks Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays upped their target price on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and an average target price of $989.17.

Get Our Latest Stock Report on Caterpillar

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of the 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 transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Caterpillar Company 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.