International Assets Investment Management LLC Acquires 4,398 Shares of Caterpillar Inc. $CAT

International Assets Investment Management LLC raised its holdings in Caterpillar Inc. (NYSE:CAT) by 78.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the industrial products company’s stock after acquiring an additional 4,398 shares during the quarter. International Assets Investment Management LLC’s holdings in Caterpillar were worth $8,108,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAT. BlackRock Inc. bought a new stake in shares of Caterpillar during the 2nd quarter valued at $40,457,153,000. State Street Corp boosted its position in shares of Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after purchasing an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Caterpillar in the 2nd quarter worth $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar during the second quarter worth $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in shares of Caterpillar during the second quarter worth $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Needham & Company LLC set a $980.00 price objective on Caterpillar in a report on Thursday, September 10th. Wells Fargo & Company reduced their target price on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Robert W. Baird set a $970.00 target price on Caterpillar in a research report on Wednesday, August 5th. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Finally, Zacks Research cut Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $913.96.

Insider Transactions at Caterpillar

In other Caterpillar 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Down 3.8%

NYSE:CAT opened at $622.73 on Friday. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The stock has a 50-day moving average price of $783.25 and a two-hundred day moving average price of $807.52. The stock has a market cap of $286.25 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.58. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter last year, the firm posted $4.95 earnings per share. Caterpillar’s revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts expect that Caterpillar Inc. will post 27.75 earnings per share for the current year.

Caterpillar Announces Dividend

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

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.

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.