1,808 Caterpillar Inc. $CAT Shares Sold by Cadinha & Co. LLC

Key Points

• Cadinha & Co. reduced its Caterpillar holdings by 8.1%, selling 1,808 shares and retaining 20,443 shares valued at approximately $16.6 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $967.83, although ratings range from “Buy” to “Hold.”
• Caterpillar reported strong quarterly results, including $8.17 in EPS and $20.54 billion in revenue, while maintaining a quarterly dividend of $1.63 per share. CEO Joseph Creed separately sold 32,401 shares, reducing his ownership by 48.39%.

Cadinha & Co. LLC cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,443 shares of the industrial products company's stock after selling 1,808 shares during the quarter. Caterpillar accounts for 2.7% of Cadinha & Co. LLC's investment portfolio, making the stock its 16th largest position. Cadinha & Co. LLC's holdings in Caterpillar were worth $16,575,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CAT. BlackRock Inc. purchased a new position in Caterpillar in the second quarter valued at $40,457,153,000. State Street Corp increased its holdings in Caterpillar by 4.0% during the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company's stock worth $37,120,529,000 after purchasing an additional 1,396,356 shares during the period. Bank of America Corp DE acquired a new stake in Caterpillar in the 2nd quarter valued at about $5,818,150,000. Bank of New York Mellon Corp acquired a new stake in Caterpillar in the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $2,783,451,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. President Capital initiated coverage on Caterpillar in a research report on Friday, September 18th. They set a "buy" rating and a $999.00 price objective for the company. Royal Bank Of Canada boosted their price target on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Erste Group Bank downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. Oppenheimer reduced their price objective on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Finally, UBS Group lifted their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $967.83.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar 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 approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.33% of the company's stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts have been raising their earnings estimates, while Caterpillar’s history of positive earnings surprises and favorable Earnings ESP point to potential upside if the company exceeds expectations next week. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: A recent hammer chart pattern suggests CAT may have found technical support following its decline. The article also highlights broad Wall Street agreement on higher earnings estimates, strengthening the case for a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Caterpillar is maintaining its dividend while benefiting from strong cash generation, a reported record $72 billion backlog and a higher 2026 sales-growth outlook. These factors support earnings visibility and the potential for future dividend increases. CAT Keeps Dividend Unchanged
• Neutral Sentiment: Brokerages’ reported consensus price target of $967.83 implies substantial long-term upside, although target prices are estimates rather than guarantees. Caterpillar Consensus Target Price
• Negative Sentiment: Some investors remain concerned about how far CAT could fall after its recent rally, and reported ETF net selling may add short-term technical pressure. How Big Could Caterpillar Stock’s Next Fall Be?

Caterpillar Stock Down 5.0%

Shares of NYSE:CAT opened at $703.30 on Friday. The firm has a 50 day simple moving average of $802.23 and a 200-day simple moving average of $856.84. Caterpillar Inc. has a twelve month low of $513.01 and a twelve month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $323.28 billion, a PE ratio of 30.26, a P/E/G ratio of 1.27 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period last year, the firm posted $4.72 EPS. The company's revenue was up 23.7% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders 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 annualized dividend and a dividend yield of 0.9%. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

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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