3,965 Caterpillar Inc. $CAT Shares Sold by Investment House LLC

Key Points

• Investment House LLC reduced its Caterpillar stake by 68.4% in the third quarter, selling 3,965 shares and retaining 1,833 shares valued at approximately $1.49 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar CEO Joseph E. Creed sold 32,401 shares for about $26.2 million, reducing his ownership by 48.39%; insiders now own just 0.33% of the company.
• Caterpillar reported strong quarterly results, with $8.17 in EPS and $20.54 billion in revenue, both above estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $967.83, while the company declared a quarterly dividend of $1.63 per share.

Investment House LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 68.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,833 shares of the industrial products company's stock after selling 3,965 shares during the period. Investment House LLC's holdings in Caterpillar were worth $1,486,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CAT. Decker Retirement Planning Inc. increased its holdings in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares during the last quarter. Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock valued at $33,000 after buying an additional 15 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Caterpillar in the second quarter worth $36,000. Lam Group Inc. bought a new stake in shares of Caterpillar during the first quarter valued at about $26,000. Finally, PFS Partners LLC boosted its stake in shares of Caterpillar by 1,750.0% during the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. This trade 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 is available at the SEC website. 0.33% of the stock is currently owned by insiders.

Key Stories Impacting 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 Price Performance

CAT opened at $703.30 on Friday. The firm has a market cap of $323.28 billion, a PE ratio of 30.26, a P/E/G ratio of 1.27 and a beta of 1.58. The stock has a 50-day moving average price of $802.23 and a 200-day moving average price of $856.84. Caterpillar Inc. has a 1 year low of $513.01 and a 1 year high of $1,073.46. 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 (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for 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%. Caterpillar's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.72 EPS. Sell-side analysts predict that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. Caterpillar's dividend payout ratio is presently 28.06%.

Analysts Set New Price Targets

Several equities analysts have commented on CAT shares. Truist Financial lowered their price objective on Caterpillar from $1,225.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, October 5th. Oppenheimer reduced their target price on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 14th. DA Davidson lifted their price target on shares of Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a report on Saturday, October 10th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and an average price target of $967.83.

Caterpillar Company Profile

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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