Caterpillar Inc. $CAT Stock: Calamos Advisors LLC Raises Stake

Calamos Advisors LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,359 shares of the industrial products company’s stock after buying an additional 11,098 shares during the quarter. Calamos Advisors LLC’s holdings in Caterpillar were worth $130,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Caterpillar in the second quarter worth approximately $40,457,153,000. State Street Corp grew its position in Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new position in Caterpillar in the 2nd quarter valued at $5,818,150,000. Bank of New York Mellon Corp purchased a new stake in Caterpillar in the second quarter worth $3,192,710,000. Finally, Legal & General Group Plc purchased a new stake in Caterpillar in the second quarter worth $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Stock Up 1.0%

Shares of Caterpillar stock traded up $5.68 during trading on Friday, hitting $559.32. 4,786,353 shares of the stock traded hands, compared to its average volume of 3,287,856. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The stock’s fifty day simple moving average is $760.19 and its 200 day simple moving average is $806.23. The firm has a market cap of $257.10 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The company had revenue of $20.68 billion during the quarter, compared to analyst estimates of $20.76 billion. During the same period in the prior year, the firm earned $4.95 earnings per share. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts predict that Caterpillar Inc. will post 27.62 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently disclosed 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 of this dividend is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.2%. Caterpillar’s payout ratio is 25.58%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research report on Friday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a report on Thursday, September 10th. Barclays boosted their price objective on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Finally, Freedom Broker dropped their target price on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating on the stock in a research note on Monday, November 2nd. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $898.25.

Insider Buying and Selling

In related news, Director James C. Fish, Jr. purchased 1,000 shares of Caterpillar stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, with a total value of $620,390.00. Following the transaction, the director owned 4,714 shares in the company, valued at approximately $2,924,518.46. The trade was a 26.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joseph 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 sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.33% of the company’s stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong results and backlog support the outlook. Caterpillar’s third-quarter earnings beat estimates, while its $78.1 billion backlog, stronger cash flow and expanding margins point to solid demand. The company is also expanding capacity to meet power-generation demand. Article: CAT Shares Fall Despite Q3 Earnings Beat
• Neutral Sentiment: Upcoming investor event. Construction Industries Group President Rod Shurman is scheduled to take part in a Bernstein-hosted fireside chat on Nov. 17; no new financial guidance was announced. Article: Caterpillar executive to participate in Bernstein fireside chat
• Negative Sentiment: AI-trade selling and valuation concerns weigh on the stock. Investors have been selling Caterpillar alongside other industrial companies amid worries that AI-related investment could slow. The market increasingly treats CAT as a data-center power play, exposing it to shifts in sentiment even though power generation accounted for about 15% of 2025 sales. Article: AI selloff spreads to industrials
• Negative Sentiment: Execution and cyclical risks remain. Reports cite orders falling, dealers trimming inventories, and tariffs, manufacturing costs and production constraints pressuring margins. Morgan Stanley also cut its price target by 26% after earnings, highlighting the risk of a cyclical test despite the backlog. Article: Morgan Stanley cuts Caterpillar price target

About Caterpillar

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.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.