5,377 Caterpillar Inc. $CAT Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.5% in the third quarter, Holdings Channel reports. The firm owned 66,093 shares of the industrial products company’s stock after selling 5,377 shares during the period. Caterpillar comprises approximately 0.6% of Oppenheimer & Co. Inc.’s holdings, making the stock its 27th biggest position. Oppenheimer & Co. Inc.’s holdings in Caterpillar were worth $53,588,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Decker Retirement Planning Inc. increased its stake in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares during the last quarter. Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new stake in shares of Caterpillar during the 2nd quarter valued at about $36,000. PFS Partners LLC boosted its position in shares of Caterpillar by 1,750.0% during the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 35 shares during the last quarter. Finally, Tacita Capital Inc purchased a new position in shares of Caterpillar during the second quarter worth about $47,000. Institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the 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 $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 Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on CAT shares. Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. DA Davidson lifted their target price on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Truist Financial dropped their target price on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, October 5th. UBS Group cut their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $749.00 price target on shares of Caterpillar in a report on Wednesday, October 14th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $947.42.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-driven power demand strengthens the outlook. Caterpillar is benefiting from rising demand for power-generation equipment used by data centers, helping drive a reported record $72 billion backlog with orders extending through 2030. The company is also investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing and confirmed its $1.63 quarterly dividend payable November 19, 2026. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Analyst estimates moved higher. Erste Group Bank raised its earnings estimates for Caterpillar, adding to the favorable expectations surrounding the company’s upcoming results. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Neutral Sentiment: Resource Industries leadership transition announced. Group President Denise Johnson plans to retire in early 2027, with Derrick York, currently associated with Solar Turbines and other Caterpillar operations, named as her successor. Johnson is credited with improving the mining business during a difficult industry downturn; investors may monitor execution during the handoff. Caterpillar Taps Derrick York as Denise Johnson Sets Early 2027 Retirement
• Neutral Sentiment: Third-quarter earnings are the next major catalyst. Analysts expect another quarter of revenue and earnings growth, with investors looking beyond headline estimates to margins, segment performance, backlog conversion and management’s outlook. Caterpillar Q3 Earnings Preview
• Negative Sentiment: Tariffs and recent share-price weakness remain concerns. Rising tariffs could pressure Caterpillar’s margins, while the stock has declined sharply over the past month despite the backlog and a reported first-ever $20 billion quarter. The October 29 report will test whether backlog strength can support a rebound. Can Caterpillar’s $72B Backlog Save Its Stock From a 10% Slump?

Caterpillar Trading Up 0.6%

Shares of CAT stock opened at $691.39 on Tuesday. The business has a 50-day moving average price of $799.69 and a two-hundred day moving average price of $805.95. Caterpillar Inc. has a 12-month low of $521.43 and a 12-month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market cap of $317.81 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.72 EPS. Equities analysts anticipate that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 0.9%. Caterpillar’s dividend payout ratio is currently 28.06%.

Caterpillar 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.