Caterpillar Inc. $CAT Stock Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. trimmed its position in Caterpillar Inc. (NYSE:CAT) by 3.6% in the third quarter, HoldingsChannel.com reports. The firm owned 28,614 shares of the industrial products company’s stock after selling 1,072 shares during the quarter. Caterpillar comprises approximately 2.4% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Stockman Wealth Management Inc.’s holdings in Caterpillar were worth $23,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Caterpillar during the 2nd quarter valued at $40,457,153,000. Bank of America Corp DE bought a new stake in shares of Caterpillar in the 2nd quarter worth $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in shares of Caterpillar in the second quarter valued at $3,192,710,000. Legal & General Group Plc acquired a new stake in shares of Caterpillar in the second quarter valued at $2,783,451,000. Finally, Ascentis Wealth Management LLC lifted its holdings in shares of Caterpillar by 110,539.0% in the second quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company’s stock valued at $2,711,772,000 after buying an additional 2,515,867 shares during the period. 70.98% of the stock is owned by institutional investors.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wall Street expects Caterpillar to report strong third-quarter sales and earnings growth, with revenue projected to exceed second-quarter sales. A beat, resilient margins, or an improved outlook could help reverse the recent pullback. Caterpillar Q3 2026 earnings preview: Revenue expected to top Q2 sales
• Positive Sentiment: Investors are watching demand for Caterpillar’s power systems, including potential AI and data-center infrastructure demand. Strong orders or backlog commentary would reinforce the company’s long-term growth narrative. Caterpillar Earnings Are Yet Another Bet on AI
• Positive Sentiment: One valuation analysis suggests CAT could be roughly 20% undervalued after its recent decline, based on expected future cash generation, its heavy-equipment and power businesses, and its substantial order pipeline. Caterpillar Stock May Be 20% Undervalued Following Backlog Questions
• Neutral Sentiment: Analysts have recently adjusted their forecasts and price targets ahead of the earnings release, making the report and management’s guidance important catalysts for the stock. Caterpillar Gears Up For Q3 Print
• Neutral Sentiment: Articles comparing Caterpillar with Eaton and Deere highlight its dealer network, free-cash-flow generation, and dividend profile, but also show investors weighing CAT against faster-growing electrical-infrastructure opportunities. Caterpillar vs. Eaton
• Negative Sentiment: The recent selloff reflects concerns that Caterpillar’s valuation already discounts strong execution, while questions about backlog quality and future cash flows could limit upside if the earnings report disappoints. Caterpillar Dropped 10% in a Month
• Negative Sentiment: Caterpillar’s legal challenge involving the United Kingdom’s post-Brexit tariffs introduces a potential trade-cost and regulatory overhang, although the immediate financial impact is unclear. Caterpillar mounts landmark legal test of UK’s post-Brexit tariffs

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CAT. UBS Group decreased their target price on Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company dropped their price target 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. DA Davidson upped their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Oppenheimer reduced their price objective on shares of Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating for the company in a research report on Wednesday, October 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $947.42.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

Caterpillar Price Performance

NYSE CAT opened at $715.07 on Thursday. The stock has a market capitalization of $328.70 billion, a P/E ratio of 30.77, a P/E/G ratio of 1.18 and a beta of 1.58. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The business’s fifty day moving average is $790.42 and its two-hundred day moving average is $807.41. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data 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 company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company’s quarterly 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 EPS. On average, research analysts forecast that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. 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 0.9%. Caterpillar’s payout ratio is 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.