Caterpillar Inc. $CAT Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. reduced its position in Caterpillar Inc. (NYSE:CAT) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,829 shares of the industrial products company’s stock after selling 984 shares during the period. Caterpillar makes up 1.0% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Heritage Wealth Management Inc.’s holdings in Caterpillar were worth $3,915,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CAT. State of Wyoming grew its holdings in Caterpillar by 735.1% during the third quarter. State of Wyoming now owns 1,094 shares of the industrial products company’s stock worth $887,000 after buying an additional 963 shares in the last quarter. Petros Family Wealth LLC increased its holdings 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 acquiring an additional 84 shares during the last quarter. Whelan Financial increased its holdings in Caterpillar by 15.3% in the 3rd quarter. Whelan Financial now owns 385 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC raised its stake in Caterpillar by 78.5% in the 3rd quarter. International Assets Investment Management LLC now owns 10,000 shares of the industrial products company’s stock valued at $8,108,000 after acquiring an additional 4,398 shares during the period. Finally, Payden & Rygel raised its stake in Caterpillar by 4,333.3% in the 3rd quarter. Payden & Rygel now owns 13,300 shares of the industrial products company’s stock valued at $10,784,000 after acquiring an additional 13,000 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CAT. Truist Financial reissued a “buy” rating and issued a $1,027.00 price target (down from $1,100.00) on shares of Caterpillar in a research report on Friday. Citigroup dropped their target price on Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Freedom Broker raised Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price target for the company in a report on Thursday, September 10th. Royal Bank Of Canada reduced their price target on Caterpillar from $897.00 to $722.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Barclays increased their price objective on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $913.96.

Insiders Place Their Bets

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

Key Headlines Impacting Caterpillar

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 Price Performance

CAT stock opened at $622.73 on Friday. The firm has a 50 day simple moving average of $783.25 and a two-hundred day simple moving average of $807.52. The stock has a market cap of $286.25 billion, a PE ratio of 24.43, a P/E/G ratio of 1.11 and a beta of 1.58. 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 current ratio of 1.42 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The firm had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. During the same quarter last year, the company posted $4.95 EPS. The business’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts predict that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently announced 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. This represents a $6.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar’s dividend payout ratio is currently 25.58%.

Caterpillar 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.