Caterpillar Inc. $CAT Position Decreased by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its Caterpillar stake by 4.3% in the third quarter, selling 1,373 shares and retaining 30,494 shares valued at approximately $24.7 million. Caterpillar represents about 2.2% of the fund’s holdings.
• Institutional investors own 70.98% of Caterpillar, while CEO Joseph E. Creed sold 32,401 shares for roughly $26.2 million, reducing his direct ownership by 48.39%.
• Caterpillar reported quarterly earnings and revenue above expectations, supported by strong volume growth and a higher outlook, but shares face pressure from elevated interest rates, regulatory scrutiny, and unsettled technical conditions. Analysts maintain a “Moderate Buy” consensus with a $989.17 price target.

Jacobs & Co. CA lessened its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,494 shares of the industrial products company's stock after selling 1,373 shares during the quarter. Caterpillar comprises about 2.2% of Jacobs & Co. CA's holdings, making the stock its 12th largest holding. Jacobs & Co. CA's holdings in Caterpillar were worth $24,724,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Caterpillar in the 2nd quarter valued at $40,457,153,000. Bank of America Corp DE purchased a new position in shares of Caterpillar during the 2nd quarter worth $5,818,150,000. Diamant Asset Management Inc. boosted its position in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Caterpillar in the second quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in Caterpillar during the second quarter worth about $2,783,451,000. Hedge funds and other 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 company'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 sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company's stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong volume growth supports higher earnings expectations. Caterpillar’s first-half 2026 volume gains added approximately $5.4 billion to revenue, with momentum across all three major segments prompting a higher full-year outlook. Will Caterpillar's Strong Volume Growth Keep Driving Sales Up in 2026?
• Positive Sentiment: Analysts raised longer-term EPS forecasts. Zacks Research increased its estimates for first- and second-quarter 2028 earnings and lifted its FY2028 forecast to $39.15 per share from $36.64, reinforcing expectations for continued earnings growth, although it maintained a Hold rating. Zacks Research earnings estimates
• Positive Sentiment: North Carolina investment signals capacity expansion. Caterpillar plans to invest about $1 billion in a technology-enabled, automation-heavy facility in Sanford to produce compact track loaders and telehandlers. The project could broaden its reach among small contractors, rental fleets and light-industrial customers while improving manufacturing efficiency. Caterpillar to invest $1 billion in North Carolina manufacturing facility
• Positive Sentiment: Construction-cycle exposure remains a bullish theme. J.P. Morgan described CAT as a major beneficiary of an extended U.S. construction cycle, while coverage also highlighted Caterpillar’s dealer network and use of artificial intelligence to enhance heavy-industry operations. Caterpillar Is the Market in a Single Stock
• Neutral Sentiment: Technical conditions remain unsettled. CAT recently fell below its 50-day moving average after a sharp selloff, but analysts identify historical trendline support and argue that the company’s backlog and earnings outlook could enable a rebound. Caterpillar Stock Could Bounce From Key Trendline
• Negative Sentiment: Rates and regulatory scrutiny are weighing on sentiment. A sharp rise in long-term Treasury yields has pressured the valuation of this economically sensitive industrial stock, while scrutiny of agricultural-equipment practices adds headline risk. Truist also reduced its price target, though it remains above the current market level. Caterpillar Faces Regulatory And Rate Pressure

Wall Street Analyst Weigh In

Several research firms have weighed in on CAT. Freedom Broker upgraded shares of Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 target price on the stock in a report on Thursday, September 10th. Erste Group Bank cut Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. Zacks Research lowered Caterpillar from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Wells Fargo & Company raised their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings downgraded Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $989.17.

Caterpillar Price Performance

Caterpillar stock opened at $800.64 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 52-week low of $491.30 and a 52-week high of $1,073.46. The firm has a market cap of $368.04 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.58. The company's 50 day moving average is $822.31 and its two-hundred day moving average is $853.60.

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 the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion during 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%. The company's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.72 earnings per share. On average, research analysts expect that Caterpillar Inc. will post 27.50 EPS for the current fiscal year.

Caterpillar Company Profile

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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