Caterpillar Inc. $CAT Stock: Milestone Asset Management LLC Decreases Position

Milestone Asset Management LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT) by 94.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 332 shares of the industrial products company’s stock after selling 5,601 shares during the period. Milestone Asset Management LLC’s holdings in Caterpillar were worth $269,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Caterpillar in the 2nd quarter worth about $40,457,153,000. Bank of America Corp DE bought a new stake in Caterpillar in the second quarter worth about $5,818,150,000. Diamant Asset Management Inc. boosted its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock valued at $2,224,992,000 after buying an additional 3,136,020 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Caterpillar during the second quarter valued at approximately $3,192,710,000. Finally, Legal & General Group Plc bought a new position in shares of Caterpillar during the second quarter valued at approximately $2,783,451,000. 70.98% of the stock is currently owned by institutional investors.

Caterpillar Trading Down 0.8%

CAT stock traded down $5.63 during mid-day trading on Friday, reaching $730.01. The company had a trading volume of 2,867,128 shares, compared to its average volume of 2,612,442. The company has a market capitalization of $335.57 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. The firm has a 50 day moving average of $812.24 and a 200 day moving average of $855.37. Caterpillar Inc. has a 12 month low of $510.21 and a 12 month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.72 earnings per share. On average, equities analysts predict that Caterpillar Inc. will post 27.49 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders 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 yield of 0.9%. Caterpillar’s payout ratio is 28.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar will invest up to $10 million in North Carolina workforce training, supporting technicians and manufacturing workers as it expands its Sanford operations. The investment complements a previously announced roughly $1 billion facility investment intended to increase compact-equipment production. Caterpillar Invests in North Carolina’s Future Manufacturing Workforce
• Positive Sentiment: The acquisition of the Fabick CAT dealer network could strengthen Caterpillar’s distribution and customer-support footprint, although financial terms and the transaction’s earnings impact were not provided. Caterpillar acquires Fabick Cat dealer network
• Neutral Sentiment: Caterpillar scheduled its third-quarter 2026 results for October 29, giving investors a near-term catalyst to assess demand, margins and guidance. Caterpillar Third-Quarter 2026 Results Announcement
• Neutral Sentiment: Resource Industries President Denise Johnson will retire in February 2027, with Derrick York appointed as her successor effective November 1. Johnson will remain in an advisory role during the transition, limiting immediate disruption concerns. Caterpillar Announces Leadership Transition in Resource Industries
• Negative Sentiment: An analyst downgrade pressured the stock, while Oppenheimer issued a pessimistic forecast. These actions reinforce concerns about Caterpillar’s valuation and future earnings outlook. Caterpillar Shares Down on Analyst Downgrade
• Negative Sentiment: A broader unwind in the AI-related power trade also weighed on Caterpillar, as investors reassessed companies expected to benefit from data-center electricity demand. Comparisons with Generac highlighted differences in backlog, valuation and financial strength. AI Power Trade Unwinds

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAT. DA Davidson raised their price target on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Truist Financial cut their price objective on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Needham & Company LLC set a $980.00 target price on Caterpillar in a research note on Thursday, September 10th. Robert W. Baird set a $970.00 target price on Caterpillar in a research note on Wednesday, August 5th. Finally, Citigroup decreased their target price on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of “Moderate Buy” and a consensus target price of $967.83.

Insiders Place Their Bets

In other Caterpillar 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 value 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. This represents a 48.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Caterpillar Company 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.