Caterpillar Inc. $CAT Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its position in Caterpillar Inc. (NYSE:CAT) by 29.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,380 shares of the industrial products company’s stock after selling 990 shares during the quarter. Philadelphia Trust Co.’s holdings in Caterpillar were worth $1,930,000 at the end of the most recent reporting period.

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

Caterpillar Price Performance

CAT stock opened at $584.28 on Wednesday. The company has a market capitalization of $267.36 billion, a P/E ratio of 22.92, a PEG ratio of 1.04 and a beta of 1.65. The company has a fifty day moving average price of $751.89 and a 200-day moving average price of $805.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping the consensus estimate of $7.06 by $0.14. The company had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. Caterpillar’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, equities analysts expect that Caterpillar Inc. will post 27.38 EPS for the current year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued 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 1.1%. Caterpillar’s payout ratio is presently 25.58%.

Insider Activity

In related news, Director James C. Fish, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was bought at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director directly owned 4,714 shares of the company’s stock, valued at $2,924,518.46. The trade was a 26.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Joseph Creed sold 32,401 shares of the firm’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 transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.33% of the stock is currently owned by insiders.

Caterpillar News Summary

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAT. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. President Capital assumed coverage on Caterpillar in a report on Friday, September 18th. They issued a “buy” rating and a $999.00 target price for the company. Truist Financial reiterated a “buy” rating and issued a $1,027.00 target price (down from $1,100.00) on shares of Caterpillar in a research report on Friday, October 30th. Erste Group Bank lowered Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Citigroup reduced their price target on Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $898.25.

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.