Caterpillar Inc. $CAT Stock Sold by Searle & CO.

Searle & CO. cut its holdings in Caterpillar Inc. (NYSE:CAT) by 4.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,375 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Caterpillar accounts for approximately 3.7% of Searle & CO.’s investment portfolio, making the stock its 4th largest position. Searle & CO.’s holdings in Caterpillar were worth $15,709,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Narwhal Capital Management lifted its position in Caterpillar by 5.4% in the third quarter. Narwhal Capital Management now owns 23,369 shares of the industrial products company’s stock worth $18,947,000 after buying an additional 1,189 shares during the last quarter. D Orazio & Associates Inc. increased its position in Caterpillar by 3.9% during the third quarter. D Orazio & Associates Inc. now owns 1,118 shares of the industrial products company’s stock valued at $906,000 after acquiring an additional 42 shares during the last quarter. DMKC Advisory Services LLC raised its stake in shares of Caterpillar by 31.3% in the third quarter. DMKC Advisory Services LLC now owns 1,094 shares of the industrial products company’s stock valued at $887,000 after acquiring an additional 261 shares during the period. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Caterpillar by 5.2% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 7,576 shares of the industrial products company’s stock valued at $6,143,000 after acquiring an additional 372 shares during the period. Finally, 71 West Capital Partners raised its stake in shares of Caterpillar by 4.3% in the third quarter. 71 West Capital Partners now owns 4,324 shares of the industrial products company’s stock valued at $3,506,000 after acquiring an additional 179 shares during the period. Institutional investors own 70.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director James C. Fish, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the purchase, the director directly owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This trade represents a 26.93% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joseph Creed sold 32,401 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CAT shares. Freedom Broker dropped their price target on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Zacks Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. DA Davidson decreased their price objective on shares of Caterpillar from $882.00 to $685.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Citigroup dropped their target price on Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $898.25.

Caterpillar Trading Down 2.4%

NYSE CAT opened at $584.28 on Wednesday. Caterpillar Inc. has a one year low of $537.08 and a one year high of $1,073.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42. The company has a market capitalization of $267.36 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company’s 50-day simple moving average is $751.89 and its two-hundred day simple moving average is $805.68.

Caterpillar (NYSE:CAT) last issued 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. The company had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. Caterpillar’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 earnings per share. Equities analysts forecast that Caterpillar Inc. will post 27.38 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business 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. This represents a $6.52 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is 25.58%.

Key Headlines Impacting Caterpillar

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

Caterpillar 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.