13,000 Caterpillar Inc. $CAT Shares Purchased by Payden & Rygel

Payden & Rygel increased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 4,333.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,300 shares of the industrial products company's stock after purchasing an additional 13,000 shares during the quarter. Payden & Rygel's holdings in Caterpillar were worth $10,784,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Canopy Partners LLC lifted its stake in shares of Caterpillar by 1.8% in the third quarter. Canopy Partners LLC now owns 3,482 shares of the industrial products company's stock worth $2,823,000 after buying an additional 62 shares in the last quarter. Brian Low Financial Group LLC purchased a new stake in Caterpillar during the 3rd quarter valued at about $1,538,000. Strid Group LLC grew its stake in Caterpillar by 11.0% during the 3rd quarter. Strid Group LLC now owns 372 shares of the industrial products company's stock valued at $302,000 after acquiring an additional 37 shares in the last quarter. Parcion Private Wealth LLC raised its holdings in Caterpillar by 5.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 8,765 shares of the industrial products company's stock valued at $7,107,000 after acquiring an additional 453 shares during the last quarter. Finally, Partners Wealth Management LLC raised its holdings in Caterpillar by 159.5% in the 3rd quarter. Partners Wealth Management LLC now owns 1,726 shares of the industrial products company's stock valued at $1,400,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Stock Down 3.8%

CAT opened at $622.73 on Friday. 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 Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The stock has a market capitalization of $286.25 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.11 and a beta of 1.58. The business has a 50 day simple moving average of $783.25 and a 200-day simple moving average of $807.52.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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 return on equity of 59.87% and a net margin of 15.21%. The firm had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter in the prior year, the company posted $4.95 earnings per share. Caterpillar's quarterly revenue was up 17.3% on a year-over-year basis. On average, equities analysts anticipate that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be issued a dividend of $1.63 per share. 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 1.0%. Caterpillar's payout ratio is currently 28.06%.

Key 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.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer directly owned 34,555 shares in the company, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Erste Group Bank cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Citigroup dropped their price objective on shares of Caterpillar from $950.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday. Wall Street Zen downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial reiterated a "buy" rating and set a $1,027.00 price target (down from $1,100.00) on shares of Caterpillar in a research note on Friday. Finally, Oppenheimer restated an "outperform" rating and issued a $1,009.00 price objective on shares of Caterpillar in a research note on Thursday. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus price target of $913.96.

About Caterpillar

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.

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