3,629 Caterpillar Inc. $CAT Shares Sold by Heritage Investors Management Corp

Posted by Stanley Muller on Nov 2nd, 2026

Heritage Investors Management Corp cut its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,773 shares of the industrial products company’s stock after selling 3,629 shares during the quarter. Caterpillar comprises 2.3% of Heritage Investors Management Corp’s investment portfolio, making the stock its 8th biggest position. Heritage Investors Management Corp’s holdings in Caterpillar were worth $81,706,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CAT. Diversify Advisory Services LLC acquired a new stake in shares of Caterpillar during the 2nd quarter worth approximately $5,372,000. D.B. Root & Company LLC purchased a new stake in shares of Caterpillar during the 2nd quarter valued at approximately $850,000. Dearborn Partners LLC acquired a new position in Caterpillar in the second quarter valued at approximately $20,293,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock valued at $66,802,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in Caterpillar by 85.3% in 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. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Key Stories 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.

Insider Buying and Selling at Caterpillar

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 shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a research report on Wednesday, October 14th. DA Davidson increased their target price on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Zacks Research cut shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Royal Bank Of Canada reduced their price target on shares of Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $913.96.

View Our Latest Stock Report on CAT

Caterpillar Price Performance

Caterpillar stock opened at $622.73 on Monday. The stock has a market cap of $286.25 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The company has a fifty day simple moving average of $783.25 and a 200-day simple moving average of $807.52. Caterpillar Inc. has a 12-month low of $537.08 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. Equities analysts expect that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio is presently 25.58%.

About Caterpillar

(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.