2,308 Caterpillar Inc. $CAT Shares Purchased by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors increased its Caterpillar stake by 6.7%, purchasing 2,308 shares to own 36,970 shares valued at approximately $30 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Analysts maintain a cautiously positive outlook, with 15 Buy ratings and 12 Holds producing a consensus “Moderate Buy” rating and an average price target of $967.83, despite several recent target-price reductions.
• Caterpillar reported strong quarterly results, including $8.17 in earnings per share and $20.54 billion in revenue, but the stock has declined from its highs; CEO Joseph Creed also sold 32,401 shares worth about $26.2 million.

Turtle Creek Wealth Advisors LLC increased its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,970 shares of the industrial products company's stock after acquiring an additional 2,308 shares during the quarter. Caterpillar comprises approximately 1.5% of Turtle Creek Wealth Advisors LLC's portfolio, making the stock its 12th largest holding. Turtle Creek Wealth Advisors LLC's holdings in Caterpillar were worth $29,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversify Advisory Services LLC purchased a new position in Caterpillar during the 2nd quarter worth approximately $5,372,000. D.B. Root & Company LLC acquired a new position in Caterpillar during the second quarter worth approximately $850,000. Dearborn Partners LLC acquired a new position in Caterpillar during the second quarter worth approximately $20,293,000. B. Metzler seel. Sohn & Co. AG lifted its stake in Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company's stock valued at $66,802,000 after buying an additional 2,590 shares during the last quarter. Finally, Van Hulzen Asset Management LLC lifted its stake in Caterpillar by 85.3% in the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company's stock valued at $2,991,000 after buying an additional 1,293 shares during the last quarter. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CAT has been the subject of several research analyst reports. Wall Street Zen raised Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Weiss Ratings upgraded shares of Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Truist Financial cut their target price on shares of Caterpillar from $1,225.00 to $1,100.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Citigroup reduced their price target on shares of Caterpillar from $1,100.00 to $950.00 and set a "buy" rating for the company in a research report on Monday. Finally, Oppenheimer decreased their price target on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating for the company in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and an average price target of $967.83.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. 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 transaction 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. This represents a 48.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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: Caterpillar announced plans to acquire the Fabick Cat dealer network, expanding its distribution footprint and potentially strengthening access to construction and resource-industry customers. Caterpillar acquires Fabick Cat dealer network
• Positive Sentiment: The company will invest up to $10 million in North Carolina workforce training as part of its five-year, $100 million Building the Future Workforce Initiative. The investment could support long-term manufacturing capacity and help address skilled-labor needs. Caterpillar invests in North Carolina's future manufacturing workforce
• Positive Sentiment: Oppenheimer lowered its price target to $1,009 from $1,118 but retained an “outperform” rating, implying substantial potential upside from recent levels. The reduced target nevertheless reflects a more cautious valuation outlook.
• Positive Sentiment: Caterpillar maintained its quarterly dividend at $1.63 per share, preserving its long record of cash distributions. The dividend is scheduled for payment on November 19 to shareholders of record before the ex-dividend date. Caterpillar maintains dividend
• Neutral Sentiment: Resource Industries president Denise Johnson will retire on February 1, 2027. Derrick York, currently president of Solar Turbines, will succeed her on November 1, with Johnson remaining in an advisory role to support the transition. Caterpillar announces leadership transition
• Neutral Sentiment: Caterpillar will report third-quarter 2026 results before the market opens on October 29. The upcoming report is likely to be the next major catalyst as investors assess demand, margins and forward guidance. Caterpillar third-quarter 2026 earnings announcement
• Negative Sentiment: The stock came under pressure despite broader market gains, according to Zacks, indicating continued profit-taking and weak investor sentiment. Caterpillar stock sinks as market gains
• Negative Sentiment: A broader unwind in the artificial-intelligence power trade, along with inflation concerns, pressured Caterpillar and other equipment makers. The stock’s sizable retreat from its record high also highlights valuation risk after its strong multiyear advance. AI power trade unwinds

Caterpillar Trading Down 1.7%

Shares of CAT stock opened at $736.33 on Friday. The company has a market capitalization of $338.47 billion, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 1.29 and a beta of 1.58. 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 business's 50 day moving average is $814.53 and its two-hundred day moving average is $856.25. Caterpillar Inc. has a twelve month low of $510.21 and a twelve month high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the prior year, the business earned $4.72 earnings per share. The company's quarterly revenue was up 23.7% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 27.49 EPS for the current year.

Caterpillar Announces Dividend

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 paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, October 26th. Caterpillar's payout ratio is currently 28.06%.

Caterpillar Profile

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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