Caterpillar Inc. $CAT Stock Bought by Partners Wealth Management LLC

Partners Wealth Management LLC raised its position in Caterpillar Inc. (NYSE:CAT) by 159.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,726 shares of the industrial products company’s stock after acquiring an additional 1,061 shares during the period. Partners Wealth Management LLC’s holdings in Caterpillar were worth $1,400,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CAT. Choreo LLC raised its position in shares of Caterpillar by 3.9% in the 3rd quarter. Choreo LLC now owns 25,369 shares of the industrial products company’s stock valued at $20,569,000 after purchasing an additional 963 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC grew its position in Caterpillar by 10.8% during the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,395 shares of the industrial products company’s stock worth $1,131,000 after purchasing an additional 136 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in Caterpillar by 13.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 2,060 shares of the industrial products company’s stock valued at $1,703,000 after purchasing an additional 242 shares in the last quarter. D.A. Davidson & CO. increased its stake in Caterpillar by 4.3% during the 3rd quarter. D.A. Davidson & CO. now owns 81,061 shares of the industrial products company’s stock valued at $65,724,000 after purchasing an additional 3,375 shares in the last quarter. Finally, North Dakota State Investment Board increased its stake in Caterpillar by 3.9% during the 3rd quarter. North Dakota State Investment Board now owns 13,912 shares of the industrial products company’s stock valued at $11,280,000 after purchasing an additional 523 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CAT has been the subject of several research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $749.00 price objective on shares of Caterpillar in a research note on Wednesday, October 14th. Royal Bank Of Canada cut their target price on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating on the stock in a research report on Friday. Zacks Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings lowered Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Freedom Broker raised 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. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $913.96.

More 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.

Caterpillar Stock Performance

CAT opened at $622.73 on Friday. Caterpillar Inc. has a 12-month low of $537.08 and a 12-month high of $1,073.46. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $286.25 billion, a PE ratio of 24.43, a P/E/G ratio of 1.11 and a beta of 1.58. The firm has a 50 day moving average of $783.25 and a two-hundred day moving average of $807.52.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating the consensus estimate of $7.06 by $0.14. The business had revenue of $20.68 billion during 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 business’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business posted $4.95 EPS. On average, analysts anticipate that Caterpillar Inc. will post 27.74 EPS 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. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 1.0%. Caterpillar’s payout ratio is currently 28.06%.

Insider Buying and Selling

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 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 of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Caterpillar Company Profile

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.