Caterpillar Inc. $CAT Holdings Cut by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 13.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,832 shares of the industrial products company’s stock after selling 3,135 shares during the quarter. Caterpillar accounts for 0.8% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 25th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Caterpillar were worth $16,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC grew its stake in shares of Caterpillar by 1.3% in the third quarter. Cornerstone Wealth Management LLC now owns 9,501 shares of the industrial products company’s stock worth $7,703,000 after acquiring an additional 122 shares during the last quarter. Narwhal Capital Management raised its position in shares of Caterpillar by 5.4% in the 3rd quarter. Narwhal Capital Management now owns 23,369 shares of the industrial products company’s stock worth $18,947,000 after purchasing an additional 1,189 shares during the last quarter. D Orazio & Associates Inc. raised its position in shares of Caterpillar by 3.9% in the 3rd quarter. D Orazio & Associates Inc. now owns 1,118 shares of the industrial products company’s stock worth $906,000 after purchasing an additional 42 shares during the last quarter. DMKC Advisory Services LLC raised its position in shares of Caterpillar by 31.3% in the 3rd quarter. DMKC Advisory Services LLC now owns 1,094 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 261 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in Caterpillar by 5.2% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 7,576 shares of the industrial products company’s stock worth $6,143,000 after purchasing an additional 372 shares in the last quarter. 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: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Analyst Upgrades and Downgrades

Several brokerages recently commented on CAT. President Capital assumed coverage on shares of Caterpillar in a research report on Friday, September 18th. They set a “buy” rating and a $999.00 price objective on the stock. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a report on Thursday, September 10th. Morgan Stanley dropped their target price on shares of Caterpillar from $915.00 to $675.00 and set an “equal weight” rating on the stock in a research note on Friday, October 30th. Weiss Ratings cut shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Finally, DA Davidson reduced their price target on shares of Caterpillar from $882.00 to $685.00 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Trading Down 2.4%

Shares of NYSE:CAT opened at $584.28 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The company has a market cap of $267.36 billion, a P/E ratio of 22.92, a PEG ratio of 1.04 and a beta of 1.65. The stock’s fifty day moving average price is $751.89 and its 200-day moving average price is $805.68.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The company had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. During the same period last year, the company earned $4.95 EPS. Caterpillar’s revenue for the quarter was up 17.3% on a year-over-year basis. Sell-side analysts expect that Caterpillar Inc. will post 27.38 earnings per share for the current year.

Caterpillar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

Insider Transactions at Caterpillar

In related news, Director James C. Fish, Jr. acquired 1,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director directly owned 4,714 shares in the company, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Creed sold 32,401 shares of the firm’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 owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.