Asset One Wealth Management LLC Purchases 9,696 Shares of Caterpillar Inc. $CAT

Key Points

• Asset One Wealth Management opened a Caterpillar position in the third quarter, buying 9,696 shares valued at approximately $7.86 million. Institutional investors and hedge funds own about 71% of the stock.
• Caterpillar’s latest quarterly earnings beat estimates at $7.20 per share, and revenue rose 17.3% year over year, though revenue came in slightly below forecasts. The article cites a $78.1 billion backlog as a support for the company’s outlook.
• Analyst views are mixed but lean positive: the consensus rating is “Moderate Buy,” with an average price target of $898.25. Caterpillar also announced a quarterly dividend of $1.63 per share, equivalent to a 1.2% yield.

Asset One Wealth Management LLC bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,696 shares of the industrial products company's stock, valued at approximately $7,861,000.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CAT. JPMorgan Chase & Co. lowered their price target on shares of Caterpillar from $1,100.00 to $1,000.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Oppenheimer reiterated an "outperform" rating and issued a $1,009.00 price target on shares of Caterpillar in a research report on Thursday, October 29th. Barclays upped their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Wall Street Zen cut Caterpillar from a "buy" rating to a "hold" rating in a research note on Saturday, October 31st. Finally, Royal Bank Of Canada lowered their price target on Caterpillar from $897.00 to $722.00 and set a "sector perform" rating on the stock in a research report on Friday, October 30th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $898.25.

Caterpillar Trading Up 1.0%

Shares of Caterpillar stock opened at $559.32 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $257.10 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 1.05 and a beta of 1.65. The firm's 50-day moving average price is $760.19 and its two-hundred day moving average price is $806.23. Caterpillar Inc. has a 12-month low of $537.08 and a 12-month high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, beating analysts' consensus estimates of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The firm had revenue of $20.68 billion during the quarter, compared to analyst estimates of $20.76 billion. During the same period last year, the firm posted $4.95 earnings per share. Caterpillar's revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts forecast that Caterpillar Inc. will post 27.62 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.2%. Caterpillar's dividend payout ratio (DPR) is currently 25.58%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong results and backlog support the outlook. Caterpillar’s third-quarter earnings beat estimates, while its $78.1 billion backlog, stronger cash flow and expanding margins point to solid demand. The company is also expanding capacity to meet power-generation demand. Article: CAT Shares Fall Despite Q3 Earnings Beat
• Neutral Sentiment: Upcoming investor event. Construction Industries Group President Rod Shurman is scheduled to take part in a Bernstein-hosted fireside chat on Nov. 17; no new financial guidance was announced. Article: Caterpillar executive to participate in Bernstein fireside chat
• Negative Sentiment: AI-trade selling and valuation concerns weigh on the stock. Investors have been selling Caterpillar alongside other industrial companies amid worries that AI-related investment could slow. The market increasingly treats CAT as a data-center power play, exposing it to shifts in sentiment even though power generation accounted for about 15% of 2025 sales. Article: AI selloff spreads to industrials
• Negative Sentiment: Execution and cyclical risks remain. Reports cite orders falling, dealers trimming inventories, and tariffs, manufacturing costs and production constraints pressuring margins. Morgan Stanley also cut its price target by 26% after earnings, highlighting the risk of a cyclical test despite the backlog. Article: Morgan Stanley cuts Caterpillar price target

Insider Activity

In other Caterpillar news, Director James C. Fish, Jr. bought 1,000 shares of Caterpillar stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director owned 4,714 shares of the company's stock, valued at $2,924,518.46. This represents a 26.93% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joseph Creed sold 32,401 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value 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. The trade was a 48.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.33% of the company's stock.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company's products are commonly sold under the Cat brand.

Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.

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