Caterpillar Inc. $CAT Shares Purchased by State of Alaska Department of Revenue

Key Points

• State of Alaska increased its Caterpillar stake by 7.3% in the third quarter, purchasing 3,302 additional shares and bringing its holdings to 48,432 shares valued at approximately $37.1 million. Institutional investors collectively own nearly 71% of CAT’s outstanding stock.
• Analysts maintain a generally positive outlook, with 15 Buy ratings and 12 Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $967.83. Caterpillar recently exceeded earnings and revenue expectations, reporting $8.17 in quarterly EPS and $20.54 billion in revenue.
• CAT shares opened at $736.33, well below their 12-month high of $1,073.46, while the company maintained its quarterly dividend at $1.63 per share. Recent pressure has reflected profit-taking, valuation concerns and weakness in the broader AI-related power trade.

State of Alaska Department of Revenue boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,432 shares of the industrial products company's stock after purchasing an additional 3,302 shares during the period. State of Alaska Department of Revenue's holdings in Caterpillar were worth $37,128,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lam Group Inc. acquired a new stake in shares of Caterpillar during the 1st quarter worth $26,000. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% in the 2nd 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 period. Matrix Trust Co raised its position in shares of Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after buying an additional 15 shares during the period. Monetary Solutions Ltd acquired a new position in Caterpillar in the fourth quarter valued at $35,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in Caterpillar by 82.1% in the first quarter. Cedar Mountain Advisors LLC now owns 51 shares of the industrial products company's stock valued at $36,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CAT. Wells Fargo & Company upped their price target 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. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. Needham & Company LLC set a $980.00 price objective on Caterpillar in a research note on Thursday, September 10th. UBS Group boosted their target price on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Finally, Oppenheimer decreased their target price on Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating for the company in a report on Wednesday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $967.83.

Caterpillar Stock Down 1.7%

Shares of NYSE CAT opened at $736.33 on Friday. The stock has a fifty day moving average price of $814.53 and a 200 day moving average price of $856.25. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 12-month low of $510.21 and a 12-month high of $1,073.46. The company has a market cap of $338.47 billion, a P/E ratio of 31.68, a P/E/G ratio of 1.29 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter in the previous year, the firm posted $4.72 earnings per share. The firm's quarterly revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 27.49 EPS for the current fiscal year.

Caterpillar Dividend Announcement

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

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar announced plans to acquire the Fabick Cat dealer network, expanding its distribution footprint and potentially strengthening access to construction and resource-industry customers. Caterpillar acquires Fabick Cat dealer network
• Positive Sentiment: The company will invest up to $10 million in North Carolina workforce training as part of its five-year, $100 million Building the Future Workforce Initiative. The investment could support long-term manufacturing capacity and help address skilled-labor needs. Caterpillar invests in North Carolina's future manufacturing workforce
• Positive Sentiment: Oppenheimer lowered its price target to $1,009 from $1,118 but retained an “outperform” rating, implying substantial potential upside from recent levels. The reduced target nevertheless reflects a more cautious valuation outlook.
• Positive Sentiment: Caterpillar maintained its quarterly dividend at $1.63 per share, preserving its long record of cash distributions. The dividend is scheduled for payment on November 19 to shareholders of record before the ex-dividend date. Caterpillar maintains dividend
• Neutral Sentiment: Resource Industries president Denise Johnson will retire on February 1, 2027. Derrick York, currently president of Solar Turbines, will succeed her on November 1, with Johnson remaining in an advisory role to support the transition. Caterpillar announces leadership transition
• Neutral Sentiment: Caterpillar will report third-quarter 2026 results before the market opens on October 29. The upcoming report is likely to be the next major catalyst as investors assess demand, margins and forward guidance. Caterpillar third-quarter 2026 earnings announcement
• Negative Sentiment: The stock came under pressure despite broader market gains, according to Zacks, indicating continued profit-taking and weak investor sentiment. Caterpillar stock sinks as market gains
• Negative Sentiment: A broader unwind in the artificial-intelligence power trade, along with inflation concerns, pressured Caterpillar and other equipment makers. The stock’s sizable retreat from its record high also highlights valuation risk after its strong multiyear advance. AI power trade unwinds

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated 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 owned 34,555 shares of the company's stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.