Caterpillar Inc. $CAT Stock Purchased by M&G PLC

M&G PLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT) by 377.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,151 shares of the industrial products company’s stock after purchasing an additional 15,927 shares during the period. M&G PLC’s holdings in Caterpillar were worth $16,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CAT. Kestra Investment Management LLC lifted its stake in shares of Caterpillar by 49.6% in the 3rd quarter. Kestra Investment Management LLC now owns 2,792 shares of the industrial products company’s stock worth $2,264,000 after purchasing an additional 926 shares during the period. AlphaCore Capital LLC boosted its holdings in shares of Caterpillar by 18.8% in the third quarter. AlphaCore Capital LLC now owns 5,144 shares of the industrial products company’s stock worth $4,171,000 after buying an additional 813 shares during the last quarter. Clear Wave Wealth Management LLC grew its position in Caterpillar by 26.2% during the third quarter. Clear Wave Wealth Management LLC now owns 487 shares of the industrial products company’s stock valued at $395,000 after buying an additional 101 shares during the period. Fulcrum Asset Management LLP grew its position in Caterpillar by 13.1% during the third quarter. Fulcrum Asset Management LLP now owns 8,097 shares of the industrial products company’s stock valued at $6,693,000 after buying an additional 939 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Caterpillar by 9.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,448 shares of the industrial products company’s stock valued at $29,293,000 after buying an additional 2,991 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of several recent research reports. Truist Financial reiterated 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, October 30th. Freedom Broker cut their price objective on shares of Caterpillar from $980.00 to $800.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Weiss Ratings lowered Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Finally, Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Caterpillar currently has an average rating of “Moderate Buy” and a consensus price target of $898.25.

Caterpillar Trading Down 2.4%

Caterpillar stock opened at $584.28 on Wednesday. The firm has a 50 day moving average of $751.89 and a 200 day moving average of $805.68. The firm has a market capitalization of $267.36 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.04 and a beta of 1.65. 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 0.88 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS 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 for the quarter, compared to analysts’ expectations of $20.76 billion. During the same quarter last year, the business earned $4.95 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts predict that Caterpillar Inc. will post 27.38 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders 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 dividend yield of 1.1%. Caterpillar’s dividend payout ratio is 25.58%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph 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 completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James C. Fish, Jr. purchased 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was acquired at an average price of $620.39 per share, with a total value of $620,390.00. Following the purchase, the director directly owned 4,714 shares in the company, valued at $2,924,518.46. This represents a 26.93% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is owned by company insiders.

Caterpillar Company Profile

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.