148,231 Shares in Caterpillar Inc. $CAT Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Caterpillar Inc. (NYSE:CAT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 148,231 shares of the industrial products company’s stock, valued at approximately $120,184,000.

A number of other hedge funds have also recently made changes to their positions in CAT. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Caterpillar in the 3rd quarter valued at $1,459,000. Aviance Capital Partners LLC lifted its stake in Caterpillar by 10.0% during the 3rd quarter. Aviance Capital Partners LLC now owns 747 shares of the industrial products company’s stock worth $606,000 after acquiring an additional 68 shares in the last quarter. Stevens Capital Partners boosted its holdings in Caterpillar by 17.2% during the 3rd quarter. Stevens Capital Partners now owns 321 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 47 shares during the period. Vise Technologies Inc. boosted its holdings in Caterpillar by 5.4% during the 3rd quarter. Vise Technologies Inc. now owns 46,615 shares of the industrial products company’s stock valued at $37,795,000 after acquiring an additional 2,378 shares during the period. Finally, Investment Partners LTD. grew its position in Caterpillar by 46.0% in the 3rd quarter. Investment Partners LTD. now owns 4,972 shares of the industrial products company’s stock valued at $4,030,000 after acquiring an additional 1,566 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CAT shares. Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a research note on Thursday, September 10th. Truist Financial reissued a “buy” rating and issued a $1,027.00 price objective (down from $1,100.00) on shares of Caterpillar in a research note on Friday. President Capital assumed coverage on shares of Caterpillar in a report on Friday, September 18th. They issued a “buy” rating and a $999.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and set a $1,009.00 target price on shares of Caterpillar in a research note on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Fifteen analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Caterpillar presently has a consensus rating of “Moderate Buy” and an average target price of $913.96.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares in the company, 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 at this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Price Performance

CAT stock opened at $622.73 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.85. The firm has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.07 and a beta of 1.58. The business’s 50-day moving average is $783.25 and its two-hundred day moving average is $807.52. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The business had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. During the same period in the previous year, the company posted $4.95 earnings per share. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. Analysts anticipate that Caterpillar Inc. will post 27.75 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.0%. Caterpillar’s payout ratio is currently 25.58%.

Caterpillar Company 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.