696 Caterpillar Inc. $CAT Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC grew its stake in Caterpillar Inc. (NYSE:CAT) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,260 shares of the industrial products company’s stock after acquiring an additional 696 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Caterpillar were worth $18,859,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Forbes J M & Co. LLP lifted its holdings in shares of Caterpillar by 1.2% in the 3rd quarter. Forbes J M & Co. LLP now owns 1,907 shares of the industrial products company’s stock worth $1,546,000 after acquiring an additional 22 shares during the last quarter. USA Financial Formulas acquired a new stake in Caterpillar in the 3rd quarter valued at approximately $60,000. Fulcrum Wealth Advisors LLC purchased a new stake in Caterpillar in the third quarter valued at approximately $2,158,000. Kintegral Advisory LLC raised its position in Caterpillar by 0.6% in the third quarter. Kintegral Advisory LLC now owns 11,527 shares of the industrial products company’s stock valued at $9,346,000 after purchasing an additional 65 shares during the period. Finally, AWM Capital LLC lifted its stake in Caterpillar by 16.7% during the third quarter. AWM Capital LLC now owns 574 shares of the industrial products company’s stock worth $466,000 after purchasing an additional 82 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Key Stories 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 Performance

Shares of CAT stock opened at $730.01 on Friday. 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 Inc. has a 52 week low of $510.21 and a 52 week high of $1,073.46. The stock has a market capitalization of $335.57 billion, a PE ratio of 31.41, a P/E/G ratio of 1.26 and a beta of 1.58. The firm has a 50 day moving average of $812.24 and a two-hundred day moving average of $855.37.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the firm posted $4.72 earnings per share. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts predict that Caterpillar Inc. will post 27.49 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be issued a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is 28.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CAT shares. Barclays lifted their price objective on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. President Capital began coverage on Caterpillar in a research note on Friday, September 18th. They set a “buy” rating and a $999.00 target price on the stock. Needham & Company LLC set a $980.00 target price on Caterpillar in a report on Thursday, September 10th. Oppenheimer lowered their target price on Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, DA Davidson lifted their target price on 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 given a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $967.83.

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink. 0.33% of the stock is owned by insiders.

Caterpillar Company 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.