Milestone Asset Management LLC Sells 5,601 Shares of Caterpillar Inc. $CAT

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

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

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. Truist Financial cut their price target on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Robert W. Baird set a $970.00 price objective on Caterpillar in a research note on Wednesday, August 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $749.00 price objective on shares of Caterpillar in a research report on Wednesday. UBS Group raised their price objective on Caterpillar from $900.00 to $925.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Finally, Needham & Company LLC set a $980.00 target price on Caterpillar in a research note on Thursday, September 10th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Caterpillar has an average rating of “Moderate Buy” and an average target price of $967.83.

Caterpillar Stock Down 0.8%

CAT traded down $5.63 during trading on Friday, hitting $730.01. The stock 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 PEG ratio of 1.27 and a beta of 1.58. Caterpillar Inc. has a twelve month low of $510.21 and a twelve month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The stock has a 50 day simple moving average of $812.24 and a two-hundred day simple moving average of $855.37.

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

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio is currently 28.06%.

Caterpillar News Roundup

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

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated 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 trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by corporate insiders.

Caterpillar 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.