Illinois Municipal Retirement Fund Sells 923 Shares of Caterpillar Inc. $CAT

Illinois Municipal Retirement Fund reduced its position in Caterpillar Inc. (NYSE:CAT) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 28,514 shares of the industrial products company’s stock after selling 923 shares during the period. Illinois Municipal Retirement Fund’s holdings in Caterpillar were worth $23,119,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CAT. Stonebridge Financial Group LLC grew its position in shares of Caterpillar by 0.7% in the second quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company’s stock valued at $1,741,000 after purchasing an additional 11 shares during the period. Inspirion Wealth Advisors LLC increased its stake in Caterpillar by 1.2% in the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company’s stock valued at $936,000 after purchasing an additional 11 shares during the last quarter. Bell Bank lifted its position in Caterpillar by 0.6% during the second quarter. Bell Bank now owns 1,865 shares of the industrial products company’s stock worth $1,986,000 after buying an additional 11 shares during the period. Cornerstone Advisory LLC lifted its position in Caterpillar by 0.7% during the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company’s stock worth $1,288,000 after buying an additional 12 shares during the period. Finally, Harbor Investment Advisory LLC boosted its stake in Caterpillar by 0.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 2,057 shares of the industrial products company’s stock worth $2,190,000 after buying an additional 13 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Caterpillar Stock Down 2.4%

Shares of NYSE CAT opened at $584.28 on Wednesday. Caterpillar Inc. has a 12-month low of $537.08 and a 12-month high of $1,073.46. The company has a market cap of $267.36 billion, a P/E ratio of 22.92, a P/E/G ratio of 1.04 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 stock has a fifty day moving average price of $751.89 and a 200 day moving average price 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, 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 during the quarter, compared to the consensus estimate of $20.76 billion. During the same quarter last year, the company earned $4.95 earnings per share. Caterpillar’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 27.38 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CAT. JPMorgan Chase & Co. cut their price objective on shares of Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a report on Wednesday, October 14th. Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a research report on Thursday, September 10th. Citigroup dropped their price target on shares of Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Wall Street Zen downgraded shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Caterpillar currently has an average rating of “Moderate Buy” and a consensus target price of $898.25.

Insider Activity

In other news, CEO Joseph Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James C. Fish, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were acquired at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the purchase, 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. Company insiders own 0.33% of the company’s stock.

Trending Headlines about 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

Caterpillar Profile

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.