Caterpillar Inc. $CAT Stock Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its position in Caterpillar Inc. (NYSE:CAT) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 34,249 shares of the industrial products company’s stock after acquiring an additional 1,608 shares during the period. Park Avenue Securities LLC’s holdings in Caterpillar were worth $27,769,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, October 5th. UBS Group reduced their price target on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a report on Monday. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reissued a “market perform” rating and set a $749.00 price objective on shares of Caterpillar in a research report on Wednesday, October 14th. Finally, Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a report on Thursday, September 10th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average price target of $947.42.

Caterpillar Trading Up 0.6%

Caterpillar stock opened at $691.39 on Tuesday. The firm has a 50-day moving average of $799.69 and a 200-day moving average of $805.95. Caterpillar Inc. has a one year low of $521.43 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The company has a market cap of $317.81 billion, a price-to-earnings ratio of 29.75, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.72 EPS. On average, equities analysts expect that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 yield of 0.9%. Caterpillar’s dividend payout ratio is 28.06%.

Insiders Place Their Bets

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 stock was sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar News Summary

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 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.