933 Caterpillar Inc. $CAT Shares Sold by Convergence Financial LLC

Convergence Financial LLC lowered its holdings in Caterpillar Inc. (NYSE:CAT) by 48.6% during the third quarter, Holdings Channel reports. The fund owned 988 shares of the industrial products company’s stock after selling 933 shares during the quarter. Convergence Financial LLC’s holdings in Caterpillar were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Diversify Advisory Services LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $5,372,000. D.B. Root & Company LLC purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $850,000. Dearborn Partners LLC purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $20,293,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Caterpillar by 4.3% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock worth $66,802,000 after purchasing an additional 2,590 shares during the period. Finally, Van Hulzen Asset Management LLC raised its holdings in Caterpillar by 85.3% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock worth $2,991,000 after purchasing an additional 1,293 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’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 transaction of $26,211,760.98. Following the completion of the sale, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and issued a $1,009.00 price objective on shares of Caterpillar in a report on Thursday. Robert W. Baird set a $970.00 target price on Caterpillar in a research note on Wednesday, August 5th. Wells Fargo & Company decreased their target price on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research report on Monday. Sanford C. Bernstein reiterated a “market perform” rating and set a $749.00 target price on shares of Caterpillar in a research report on Wednesday, October 14th. Finally, DA Davidson lifted their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $947.42.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenue of $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded analysts’ $7.06 estimate. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Demand tied to data-center and power-generation infrastructure remained strong. Power-generation sales rose about 30%, and Caterpillar highlighted a record $78.1 billion backlog, supporting longer-term growth prospects. Caterpillar Q3 2026 Earnings Call Transcript
• Positive Sentiment: The company deployed $2.0 billion toward share repurchases and dividends during the quarter, providing shareholder returns alongside strong profit growth. Caterpillar Reports Third-Quarter 2026 Results
• Neutral Sentiment: Management maintained its annual sales outlook and expects only “moderate” revenue growth in the fourth quarter. This signals continued demand but offers little upside relative to the elevated expectations embedded in CAT’s valuation. Caterpillar Revenue Miss, Outlook Digs Hole for Dow Jones Industrial Average
• Negative Sentiment: Revenue of $20.68 billion fell slightly short of the roughly $20.76 billion consensus forecast. Investors also cited rising inventories, tariff-related costs and capacity constraints, making the earnings beat less persuasive and raising concerns about near-term margins and growth. Caterpillar Stock Slides After Missing Revenue Forecasts

Caterpillar Trading Down 9.3%

CAT stock opened at $647.22 on Friday. 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 12-month low of $537.08 and a 12-month high of $1,073.46. The stock has a market cap of $297.51 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 1.22 and a beta of 1.58. The business’s 50-day moving average is $787.07 and its 200 day moving average is $807.56.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. During the same quarter in the prior year, the firm earned $4.95 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.0%. Caterpillar’s payout ratio is currently 28.06%.

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.