1,251 Caterpillar Inc. $CAT Shares Sold by American National Bank & Trust

American National Bank & Trust cut its stake in Caterpillar Inc. (NYSE:CAT) by 4.7% in the third quarter, Holdings Channel reports. The institutional investor owned 25,461 shares of the industrial products company’s stock after selling 1,251 shares during the period. Caterpillar makes up about 1.8% of American National Bank & Trust’s investment portfolio, making the stock its 15th biggest holding. American National Bank & Trust’s holdings in Caterpillar were worth $20,644,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Caterpillar in the 2nd quarter worth about $40,457,153,000. Bank of America Corp DE bought a new stake in shares of Caterpillar in the second quarter valued at about $5,818,150,000. Diamant Asset Management Inc. grew its holdings in Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Caterpillar during the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $2,783,451,000. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CAT. Sanford C. Bernstein reissued a “market perform” rating and issued a $1,002.00 price target on shares of Caterpillar in a research report on Wednesday, August 5th. DA Davidson raised their price objective on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Wells Fargo & Company boosted their price target on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 23rd. UBS Group lifted their target price on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Finally, Truist Financial cut their target price on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Monday. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $989.17.

Caterpillar Price Performance

CAT stock traded down $47.66 during mid-day trading on Wednesday, reaching $815.78. 1,584,829 shares of the company’s stock were exchanged, compared to its average volume of 2,811,381. 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 $375.00 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. The stock’s 50 day moving average is $822.22 and its 200 day moving average is $852.27. Caterpillar Inc. has a 12-month low of $489.34 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The business 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%.The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.72 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 27.42 EPS for the current year.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher earnings forecasts: Zacks raised its estimates for Caterpillar’s third-quarter and full-year 2026 earnings, as well as multiple 2027 quarters. Its FY2027 EPS forecast increased to $32.44 from $31.43, signaling stronger expected profitability. Caterpillar earnings estimate report
• Positive Sentiment: North Carolina expansion: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina. The project will add advanced automation and digital systems to support customer demand, U.S. production and workforce development. Caterpillar North Carolina manufacturing expansion
• Positive Sentiment: AI and infrastructure opportunity: Caterpillar’s collaboration with CoreWeave aims to accelerate the development of physical-AI applications, while analysts and commentators continue to highlight potential demand from data centers, power infrastructure and broader AI-related construction. Caterpillar and CoreWeave physical AI collaboration
• Neutral Sentiment: Mixed investor views: Some research commentary upgraded Caterpillar to “Buy” ahead of earnings, and Jim Cramer described the pullback as a possible buying opportunity. However, these opinions are discretionary and do not represent formal company guidance. Caterpillar Buy rating commentary
• Negative Sentiment: Zacks rating cut: Despite raising several EPS estimates, Zacks downgraded CAT from “Strong Buy” to “Hold.” The change may be weighing on the stock, particularly with shares trading at a premium valuation and investors concerned that much of the AI and infrastructure optimism is already reflected in the price. Caterpillar Zacks rating downgrade

Insider Buying and Selling at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar 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 transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $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 available through this link. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.