2,632 Shares of Caterpillar Inc. $CAT Acquired by Canandaigua National Trust Co of Florida

Key Points

• Canandaigua National Trust Co. of Florida initiated a Caterpillar position by purchasing 2,632 shares valued at approximately $2.13 million, making CAT its 22nd-largest holding. Institutional investors collectively own about 70.98% of Caterpillar.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, exceeding analyst estimates and representing 23.7% year-over-year revenue growth.
• Despite a consensus “Moderate Buy” rating and a $989.17 price target, risks include higher interest rates pressuring equipment demand, regulatory uncertainty, premium valuation concerns and recent insider selling by the CEO.

Canandaigua National Trust Co of Florida bought a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,632 shares of the industrial products company's stock, valued at approximately $2,134,000. Caterpillar comprises approximately 1.2% of Canandaigua National Trust Co of Florida's holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also recently made changes to their positions in CAT. Exchange Bank increased its holdings in shares of Caterpillar by 1.2% in the 3rd quarter. Exchange Bank now owns 7,561 shares of the industrial products company's stock worth $6,130,000 after purchasing an additional 89 shares in the last quarter. Greenfield Savings Bank boosted its position in shares of Caterpillar by 0.5% during the third quarter. Greenfield Savings Bank now owns 6,378 shares of the industrial products company's stock valued at $5,171,000 after buying an additional 30 shares during the last quarter. Decision Investments Inc. raised its holdings in Caterpillar by 17.9% in the 3rd quarter. Decision Investments Inc. now owns 612 shares of the industrial products company's stock worth $496,000 after purchasing an additional 93 shares during the period. Wealth Enhancement Trust Services Inc. lifted its position in Caterpillar by 106.8% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 4,008 shares of the industrial products company's stock valued at $3,250,000 after purchasing an additional 2,070 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC bought a new stake in Caterpillar during the third quarter valued at about $503,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT traded down $50.41 during mid-day trading on Wednesday, reaching $813.03. The company's stock had a trading volume of 3,336,613 shares, compared to its average volume of 2,820,896. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. Caterpillar Inc. has a 52 week low of $489.34 and a 52 week high of $1,073.46. The stock has a fifty day moving average of $822.22 and a two-hundred day moving average of $852.27. The firm has a market capitalization of $373.73 billion, a PE ratio of 34.98, a P/E/G ratio of 1.47 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same period in the previous year, the firm earned $4.72 EPS. The firm's revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Caterpillar Inc. will post 27.42 EPS for the current fiscal year.

Insider Buying and Selling at Caterpillar

In related 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: North Carolina expansion supports long-term demand: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina, focusing on automation, advanced manufacturing technology, digital systems and workforce development. The project signals confidence in customer demand and reinforces the company’s U.S. manufacturing strategy. Caterpillar Commits $1 Billion to Expand North Carolina Manufacturing
• Positive Sentiment: Analysts raised several future earnings estimates: Zacks Research increased its FY2026 EPS forecast to $27.36 from $27.01 and its FY2027 forecast to $32.44 from $31.43, while also lifting estimates for upcoming quarters through 2028. These revisions suggest expectations for continued earnings growth, although Zacks’ published rating was also reported as “Hold” in one update. Caterpillar Earnings Estimate Revisions
• Neutral Sentiment: Potential physical-AI and data-center opportunities: Caterpillar and CoreWeave are working to accelerate development of physical-AI applications. Separately, commentary from Jim Cramer highlighted Caterpillar’s potential role in supplying power-related equipment for data centers. These opportunities could create longer-term growth, but their financial impact is not yet quantified. Caterpillar and CoreWeave Physical AI Partnership
• Negative Sentiment: Higher interest rates are pressuring equipment demand: A sharp rise in long-term Treasury yields is weighing on manufacturers that sell expensive machinery financed through credit. Caterpillar was among the hardest-hit industrial names as investors reassessed the affordability of construction and agricultural equipment. Caterpillar Drops as Industrial Stocks Sell Off
• Negative Sentiment: Regulatory uncertainty continues: The Federal Trade Commission and Department of Agriculture are soliciting public information about the farm-equipment market. Investors are concerned that the review could eventually lead to tighter rules affecting equipment repairs, distribution or manufacturer practices. Caterpillar and Deere Face Continuing Regulatory Pressure
• Negative Sentiment: Valuation and rating concerns remain: With Caterpillar trading at a premium earnings multiple, investors may be less tolerant of macroeconomic or regulatory risks. Zacks Research also downgraded the stock from “Strong Buy” to “Hold,” adding to near-term caution. Caterpillar Stock Rating Cut to Hold

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CAT. Erste Group Bank cut Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. DA Davidson boosted their price objective on Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Sanford C. Bernstein reissued a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a report on Thursday, September 10th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $989.17.

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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