2,938 Caterpillar Inc. $CAT Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 233,827 shares of the industrial products company’s stock after selling 2,938 shares during the period. Keybank National Association OH owned about 0.05% of Caterpillar worth $189,585,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Management LLC increased its holdings in Caterpillar by 1.3% in the third quarter. Cornerstone Wealth Management LLC now owns 9,501 shares of the industrial products company’s stock valued at $7,703,000 after buying an additional 122 shares during the last quarter. Narwhal Capital Management raised its stake in Caterpillar by 5.4% in the third quarter. Narwhal Capital Management now owns 23,369 shares of the industrial products company’s stock valued at $18,947,000 after buying an additional 1,189 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in Caterpillar by 3.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,118 shares of the industrial products company’s stock worth $906,000 after buying an additional 42 shares during the last quarter. DMKC Advisory Services LLC lifted its holdings in Caterpillar by 31.3% during the 3rd quarter. DMKC Advisory Services LLC now owns 1,094 shares of the industrial products company’s stock worth $887,000 after buying an additional 261 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in shares of Caterpillar by 5.2% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 7,576 shares of the industrial products company’s stock worth $6,143,000 after acquiring an additional 372 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. DA Davidson cut their target price on Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $749.00 price target on shares of Caterpillar in a report on Wednesday, October 14th. Finally, Zacks Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $898.25.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director C Jr purchased 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were purchased at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the transaction, the director owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.33% of the stock is owned by corporate insiders.

Caterpillar Stock Performance

NYSE CAT opened at $584.28 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The company has a market capitalization of $267.36 billion, a PE ratio of 22.92, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a fifty day moving average of $751.89 and a two-hundred day moving average of $805.68.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company posted $4.95 earnings per share. The business’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 27.38 earnings per share for the current year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 dividend on an annualized basis and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio is 25.58%.

About Caterpillar

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.