61,977 Caterpillar Inc. $CAT Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer reduced its Caterpillar position by 10.2% in the third quarter, selling 61,977 shares and retaining 548,242 shares worth approximately $445.9 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong third-quarter results, with sales rising 17.3% year over year to $20.68 billion and adjusted EPS of $7.20 beating estimates. Power-generation sales climbed 30%, and the company’s backlog reached a record $78.1 billion.
• Despite the earnings beat, shares have faced pressure after management maintained its annual outlook and cited only moderate fourth-quarter growth. Analysts including RBC, UBS and Morgan Stanley cut their price targets, while CEO Joseph Creed sold 32,401 shares worth about $26.2 million.

Bank Julius Baer & Co. Ltd Zurich lessened its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 548,242 shares of the industrial products company's stock after selling 61,977 shares during the quarter. Caterpillar makes up about 1.1% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 21st biggest holding. Bank Julius Baer & Co. Ltd Zurich owned 0.12% of Caterpillar worth $445,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC lifted its holdings in Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company's stock valued at $1,741,000 after purchasing an additional 11 shares during the last quarter. Inspirion Wealth Advisors LLC increased its position in shares of Caterpillar by 1.2% during the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company's stock valued at $936,000 after buying an additional 11 shares during the period. Bell Bank boosted its stake in Caterpillar by 0.6% in the second quarter. Bell Bank now owns 1,865 shares of the industrial products company's stock worth $1,986,000 after buying an additional 11 shares in the last quarter. Cornerstone Advisory LLC increased its stake in shares of Caterpillar by 0.7% during the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company's stock valued at $1,288,000 after buying an additional 12 shares during the period. Finally, Harbor Investment Advisory LLC increased its stake in shares of Caterpillar by 0.6% during the second quarter. Harbor Investment Advisory LLC now owns 2,057 shares of the industrial products company's stock valued at $2,190,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The stock was 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 directly owned 34,555 shares of the company's stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CAT shares. Oppenheimer reiterated an "outperform" rating and set a $1,009.00 target price on shares of Caterpillar in a research report on Thursday. Zacks Research cut shares of Caterpillar from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Royal Bank Of Canada reduced their target price on Caterpillar from $897.00 to $722.00 and set a "sector perform" rating on the stock in a report on Friday. Erste Group Bank lowered Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. Finally, UBS Group decreased their price target on Caterpillar from $925.00 to $750.00 and set a "neutral" rating for the company in a research note on Monday, October 26th. Fifteen research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $913.96.

Caterpillar Trading Down 0.0%

Shares of CAT stock opened at $622.73 on Monday. The company has a market capitalization of $286.25 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.65. The company has a 50-day simple moving average of $783.25 and a two-hundred day simple moving average of $807.52. Caterpillar Inc. has a 52-week low of $537.08 and a 52-week high of $1,073.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.88 and a current ratio of 1.42.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The business had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same period last year, the company earned $4.95 EPS. Caterpillar's revenue for the quarter was up 17.3% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be paid 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 yield of 1.0%. Caterpillar's dividend payout ratio is presently 25.58%.

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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