Marin Bay Wealth Advisors LLC Acquires 1,146 Shares of Caterpillar Inc. $CAT

Marin Bay Wealth Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,146 shares of the industrial products company’s stock, valued at approximately $930,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Left Brain Wealth Management LLC grew its position in Caterpillar by 1.1% during the third quarter. Left Brain Wealth Management LLC now owns 5,136 shares of the industrial products company’s stock valued at $4,164,000 after acquiring an additional 58 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Caterpillar by 15.8% during the 3rd quarter. Modera Wealth Management LLC now owns 8,626 shares of the industrial products company’s stock valued at $6,994,000 after purchasing an additional 1,178 shares during the last quarter. Greenup Street Wealth Management LLC grew its holdings in shares of Caterpillar by 95.1% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 402 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 196 shares during the last quarter. State of Wyoming raised its position in Caterpillar by 735.1% in the 3rd quarter. State of Wyoming now owns 1,094 shares of the industrial products company’s stock worth $887,000 after purchasing an additional 963 shares during the period. Finally, Petros Family Wealth LLC raised its position in Caterpillar by 10.9% in the 3rd quarter. Petros Family Wealth LLC now owns 855 shares of the industrial products company’s stock worth $693,000 after purchasing an additional 84 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Trading Down 3.8%

Shares of CAT opened at $622.73 on Friday. The stock has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.58. Caterpillar Inc. has a twelve month low of $537.08 and a twelve month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The firm has a fifty day simple moving average of $783.25 and a two-hundred day simple moving average of $807.52.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. The firm had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company’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 company earned $4.95 earnings per share. On average, research analysts anticipate that Caterpillar Inc. will post 27.75 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s payout ratio is currently 25.58%.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’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 transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on CAT shares. Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target for the company in a research report on Thursday, September 10th. UBS Group decreased their price objective on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a report on Monday, October 26th. Morgan Stanley lowered their target price on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research note on Friday. Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citigroup reduced their price target on Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $913.96.

Key Caterpillar News

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.

About Caterpillar

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.