Caterpillar Inc. $CAT Shares Newly Purchased by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,800 shares of the industrial products company’s stock, valued at approximately $1,459,000. Caterpillar makes up approximately 0.3% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 28th largest position.

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

Wall Street Analyst Weigh In

CAT has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating on the stock in a report on Friday. Wall Street Zen lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday. Freedom Broker upgraded Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 target price on the stock in a research note on Thursday, September 10th. Needham & Company LLC set a $980.00 target price on Caterpillar in a research note on Thursday, September 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and an average price target of $913.96.

Insiders Place Their Bets

In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $622.73 on Friday. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. The stock has a market cap of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.07 and a beta of 1.58. The company has a 50 day moving average of $783.25 and a 200 day moving average of $807.52.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 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 business had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. During the same period in the previous year, the business earned $4.95 earnings per share. The firm’s revenue was up 17.3% on a year-over-year basis. As a group, sell-side analysts forecast that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

More Caterpillar News

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.

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.