American National Bank & Trust Lowers Stake in Caterpillar Inc. $CAT

Key Points

• American National Bank & Trust reduced its Caterpillar stake by 4.7% in the third quarter, selling 1,251 shares and retaining 25,461 shares valued at approximately $20.6 million. Institutional investors collectively own 70.98% of CAT.
• Analyst sentiment remains broadly positive, with 15 Buy ratings and 12 Hold ratings; Caterpillar has a consensus rating of “Moderate Buy” and an average price target of $989.17. However, Zacks downgraded the stock from “Strong Buy” to “Hold.”
• CEO Joseph E. Creed sold 32,401 shares for about $26.2 million, reducing his direct holdings by 48.39%. CAT recently traded at $815.78, while its latest quarterly results exceeded expectations, including $8.17 in EPS and $20.54 billion in revenue.

American National Bank & Trust cut its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,461 shares of the industrial products company's stock after selling 1,251 shares during the quarter. Caterpillar comprises about 1.8% of American National Bank & Trust's holdings, making the stock its 15th largest position. American National Bank & Trust's holdings in Caterpillar were worth $20,644,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First Community Trust NA lifted its holdings in Caterpillar by 20.5% during the 3rd quarter. First Community Trust NA now owns 1,523 shares of the industrial products company's stock worth $1,235,000 after purchasing an additional 259 shares in the last quarter. Weaver Consulting Group grew its position in Caterpillar by 5.6% during the third quarter. Weaver Consulting Group now owns 507 shares of the industrial products company's stock worth $411,000 after buying an additional 27 shares in the last quarter. Nautilus Advisors LLC grew its holdings in shares of Caterpillar by 3.1% during the third quarter. Nautilus Advisors LLC now owns 957 shares of the industrial products company's stock worth $776,000 after purchasing an additional 29 shares in the last quarter. Byrne Asset Management LLC lifted its position in Caterpillar by 19.8% during the third quarter. Byrne Asset Management LLC now owns 4,121 shares of the industrial products company's stock valued at $3,087,000 after purchasing an additional 681 shares during the last quarter. Finally, Legacy Private Trust Co. raised its holdings in shares of Caterpillar by 1.8% during the 3rd quarter. Legacy Private Trust Co. now owns 2,851 shares of the industrial products company's stock valued at $2,312,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CAT. Royal Bank Of Canada increased their price objective on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Citigroup reissued a "buy" rating on shares of Caterpillar in a research report on Monday, September 14th. Zacks Research lowered Caterpillar from a "strong-buy" rating to a "hold" rating in a research report on Monday. Weiss Ratings lowered shares of Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. Finally, 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. 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $989.17.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction that occurred 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 in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher earnings forecasts: Zacks raised its estimates for Caterpillar’s third-quarter and full-year 2026 earnings, as well as multiple 2027 quarters. Its FY2027 EPS forecast increased to $32.44 from $31.43, signaling stronger expected profitability. Caterpillar earnings estimate report
• Positive Sentiment: North Carolina expansion: Caterpillar announced a $1 billion investment to expand Cat Compact manufacturing capacity in North Carolina. The project will add advanced automation and digital systems to support customer demand, U.S. production and workforce development. Caterpillar North Carolina manufacturing expansion
• Positive Sentiment: AI and infrastructure opportunity: Caterpillar’s collaboration with CoreWeave aims to accelerate the development of physical-AI applications, while analysts and commentators continue to highlight potential demand from data centers, power infrastructure and broader AI-related construction. Caterpillar and CoreWeave physical AI collaboration
• Neutral Sentiment: Mixed investor views: Some research commentary upgraded Caterpillar to “Buy” ahead of earnings, and Jim Cramer described the pullback as a possible buying opportunity. However, these opinions are discretionary and do not represent formal company guidance. Caterpillar Buy rating commentary
• Negative Sentiment: Zacks rating cut: Despite raising several EPS estimates, Zacks downgraded CAT from “Strong Buy” to “Hold.” The change may be weighing on the stock, particularly with shares trading at a premium valuation and investors concerned that much of the AI and infrastructure optimism is already reflected in the price. Caterpillar Zacks rating downgrade

Caterpillar Stock Performance

NYSE:CAT traded down $47.66 on Wednesday, hitting $815.78. The stock had a trading volume of 1,584,829 shares, compared to its average volume of 2,811,381. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock has a market cap of $375.00 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.58. The business's 50-day simple moving average is $822.22 and its two-hundred day simple moving average is $852.27. Caterpillar Inc. has a 52-week low of $489.34 and a 52-week high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the prior year, the business posted $4.72 EPS. Caterpillar's revenue was up 23.7% on a year-over-year basis. As a group, research analysts predict that Caterpillar Inc. will post 27.42 earnings per share for the current year.

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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