TD Waterhouse Canada Inc. lowered its stake in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 32.9% during the third quarter, HoldingsChannel.com reports. The firm owned 130,355 shares of the industrial products company’s stock after selling 64,041 shares during the period. TD Waterhouse Canada Inc.’s holdings in Caterpillar were worth $107,760,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Peddock Capital Advisors LLC boosted its holdings in Caterpillar by 2.7% in the third quarter. Peddock Capital Advisors LLC now owns 877 shares of the industrial products company’s stock valued at $711,000 after acquiring an additional 23 shares during the last quarter. KFG Wealth Management LLC grew its position in Caterpillar by 32.6% during the third quarter. KFG Wealth Management LLC now owns 252 shares of the industrial products company’s stock valued at $204,000 after acquiring an additional 62 shares during the period. Banque Pictet & Cie SA increased its stake in Caterpillar by 175.0% during the third quarter. Banque Pictet & Cie SA now owns 1,100 shares of the industrial products company’s stock worth $892,000 after acquiring an additional 700 shares during the last quarter. Rise Advisors LLC increased its stake in Caterpillar by 3.9% during the third quarter. Rise Advisors LLC now owns 1,318 shares of the industrial products company’s stock worth $1,069,000 after acquiring an additional 49 shares during the last quarter. Finally, Cyr Financial Inc. raised its holdings in shares of Caterpillar by 2.1% in the 3rd quarter. Cyr Financial Inc. now owns 677 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 14 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Wall Street Zen raised shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Erste Group Bank downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Royal Bank Of Canada raised their price target on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, DA Davidson lifted their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar has a consensus rating of “Moderate Buy” and an average target price of $967.83.
Read Our Latest Stock Report on Caterpillar
Insider Buying and Selling at Caterpillar
In other news, CEO Joseph E. Creed sold 32,401 shares of the 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 in the company, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.
Key Headlines Impacting Caterpillar
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
Caterpillar Stock Down 0.8%
Shares of Caterpillar stock opened at $730.01 on Friday. The company has a fifty day moving average price of $812.24 and a 200 day moving average price of $855.37. 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 Inc. has a twelve month low of $510.21 and a twelve month high of $1,073.46. The stock has a market cap of $335.57 billion, a price-to-earnings ratio of 31.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.58.
Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly 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 firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the firm earned $4.72 EPS. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.
Caterpillar Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a $1.63 dividend. The ex-dividend date of this dividend 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%.
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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