620 Caterpillar Inc. $CAT Shares Acquired by Steph & Co.

Steph & Co. lifted its stake in Caterpillar Inc. (NYSE:CAT) by 1,512.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 661 shares of the industrial products company’s stock after purchasing an additional 620 shares during the period. Steph & Co.’s holdings in Caterpillar were worth $536,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. increased its position in shares of Caterpillar by 440.0% during the second 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 period. Matrix Trust Co grew its stake in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in Caterpillar in the second quarter worth approximately $36,000. Lam Group Inc. purchased a new position in Caterpillar during the 1st quarter worth $26,000. Finally, Tacita Capital Inc bought a new stake in Caterpillar during the 2nd quarter valued at $47,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: North Carolina expansion supports long-term demand: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina, focusing on automation, advanced manufacturing technology, digital systems and workforce development. The project signals confidence in customer demand and reinforces the company’s U.S. manufacturing strategy. Caterpillar Commits $1 Billion to Expand North Carolina Manufacturing
• Positive Sentiment: Analysts raised several future earnings estimates: Zacks Research increased its FY2026 EPS forecast to $27.36 from $27.01 and its FY2027 forecast to $32.44 from $31.43, while also lifting estimates for upcoming quarters through 2028. These revisions suggest expectations for continued earnings growth, although Zacks’ published rating was also reported as “Hold” in one update. Caterpillar Earnings Estimate Revisions
• Neutral Sentiment: Potential physical-AI and data-center opportunities: Caterpillar and CoreWeave are working to accelerate development of physical-AI applications. Separately, commentary from Jim Cramer highlighted Caterpillar’s potential role in supplying power-related equipment for data centers. These opportunities could create longer-term growth, but their financial impact is not yet quantified. Caterpillar and CoreWeave Physical AI Partnership
• Negative Sentiment: Higher interest rates are pressuring equipment demand: A sharp rise in long-term Treasury yields is weighing on manufacturers that sell expensive machinery financed through credit. Caterpillar was among the hardest-hit industrial names as investors reassessed the affordability of construction and agricultural equipment. Caterpillar Drops as Industrial Stocks Sell Off
• Negative Sentiment: Regulatory uncertainty continues: The Federal Trade Commission and Department of Agriculture are soliciting public information about the farm-equipment market. Investors are concerned that the review could eventually lead to tighter rules affecting equipment repairs, distribution or manufacturer practices. Caterpillar and Deere Face Continuing Regulatory Pressure
• Negative Sentiment: Valuation and rating concerns remain: With Caterpillar trading at a premium earnings multiple, investors may be less tolerant of macroeconomic or regulatory risks. Zacks Research also downgraded the stock from “Strong Buy” to “Hold,” adding to near-term caution. Caterpillar Stock Rating Cut to Hold

Caterpillar Stock Down 5.8%

Shares of NYSE:CAT traded down $50.41 on Wednesday, reaching $813.03. The company had a trading volume of 3,336,613 shares, compared to its average volume of 2,820,896. The firm has a market capitalization of $373.73 billion, a PE ratio of 34.98, a PEG ratio of 1.47 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 52-week low of $489.34 and a 52-week high of $1,073.46. The firm’s 50 day simple moving average is $822.83 and its 200-day simple moving average is $853.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The firm had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the prior year, the business posted $4.72 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. As a group, analysts expect that Caterpillar Inc. will post 27.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on Friday, August 28th. The shares were 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. The trade was a 48.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CAT shares. UBS Group increased their price target on Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a report on Thursday, September 10th. Finally, Weiss Ratings downgraded shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $989.17.

Caterpillar 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.