1,732 Caterpillar Inc. $CAT Shares Acquired by Strong Retirement Solutions LLC

Key Points

• Strong Retirement Solutions increased its Caterpillar stake by 438.5% in the third quarter, acquiring 1,732 additional shares for a total position valued at approximately $1.73 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 beating estimates of $6.22 and revenue of $20.54 billion exceeding forecasts. Revenue rose 23.7% year over year, while analysts maintain a “Moderate Buy” consensus and an average price target of $989.17.
• CAT shares recently traded at $816.53, below the analyst consensus target, amid mixed signals: the company raised earnings forecasts and announced a $1 billion North Carolina expansion, but Zacks downgraded the stock to “Hold” and CEO Joseph Creed sold roughly $26.2 million in shares.

Strong Retirement Solutions LLC boosted its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 438.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,127 shares of the industrial products company's stock after acquiring an additional 1,732 shares during the period. Strong Retirement Solutions LLC's holdings in Caterpillar were worth $1,725,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CAT. Lam Group Inc. acquired a new stake in shares of Caterpillar during the 1st quarter worth approximately $26,000. Decker Retirement Planning Inc. raised its stake in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 22 shares in the last quarter. Cornerstone Financial Management LLC bought a new position in Caterpillar in the fourth quarter worth $32,000. Matrix Trust Co boosted its stake in Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after buying an additional 15 shares in the last quarter. Finally, Monetary Solutions Ltd bought a new stake in Caterpillar in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of CAT traded down $46.91 during trading hours on Wednesday, hitting $816.53. The stock had a trading volume of 1,669,936 shares, compared to its average volume of 2,811,663. The stock has a market capitalization of $375.34 billion, a price-to-earnings ratio of 35.14, a P/E/G ratio of 1.47 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The company's fifty day moving average is $822.22 and its two-hundred day moving average is $852.27. Caterpillar Inc. has a 52 week low of $489.34 and a 52 week high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm's quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the firm posted $4.72 EPS. On average, analysts anticipate that Caterpillar Inc. will post 27.42 EPS for the current year.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an "overweight" rating in a research note on Wednesday, June 17th. Wells Fargo & Company upped their target price on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a research note on Tuesday, June 23rd. Weiss Ratings lowered shares of Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. Citigroup restated a "buy" rating on shares of Caterpillar in a research note on Monday, September 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $1,118.00 price objective on shares of Caterpillar in a report on Tuesday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average price target of $989.17.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher earnings forecasts: Zacks raised its estimates for Caterpillar’s third-quarter and full-year 2026 earnings, as well as multiple 2027 quarters. Its FY2027 EPS forecast increased to $32.44 from $31.43, signaling stronger expected profitability. Caterpillar earnings estimate report
• Positive Sentiment: North Carolina expansion: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina. The project will add advanced automation and digital systems to support customer demand, U.S. production and workforce development. Caterpillar North Carolina manufacturing expansion
• Positive Sentiment: AI and infrastructure opportunity: Caterpillar’s collaboration with CoreWeave aims to accelerate the development of physical-AI applications, while analysts and commentators continue to highlight potential demand from data centers, power infrastructure and broader AI-related construction. Caterpillar and CoreWeave physical AI collaboration
• Neutral Sentiment: Mixed investor views: Some research commentary upgraded Caterpillar to “Buy” ahead of earnings, and Jim Cramer described the pullback as a possible buying opportunity. However, these opinions are discretionary and do not represent formal company guidance. Caterpillar Buy rating commentary
• Negative Sentiment: Zacks rating cut: Despite raising several EPS estimates, Zacks downgraded CAT from “Strong Buy” to “Hold.” The change may be weighing on the stock, particularly with shares trading at a premium valuation and investors concerned that much of the AI and infrastructure optimism is already reflected in the price. Caterpillar Zacks rating downgrade

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred 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 in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company's stock.

About Caterpillar

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.

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