Caterpillar Inc. $CAT Shares Sold by Bokf Na

Key Points

• Bokf Na reduced its Caterpillar stake by 18.6% in the third quarter, selling 6,698 shares and retaining 29,260 shares valued at approximately $23.7 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Caterpillar CEO Joseph Creed sold 32,401 shares for about $26.2 million, reducing his position by 48.39%; company insiders now own 0.33% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $947.42, while Caterpillar recently reported better-than-expected quarterly earnings and declared a $1.63-per-share dividend.

Bokf Na cut its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 18.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,260 shares of the industrial products company's stock after selling 6,698 shares during the period. Bokf Na's holdings in Caterpillar were worth $23,724,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CAT. BlackRock Inc. acquired a new stake in Caterpillar in the 2nd quarter valued at approximately $40,457,153,000. Bank of America Corp DE purchased a new stake in Caterpillar in the second quarter valued at approximately $5,818,150,000. Bank of New York Mellon Corp acquired a new position in Caterpillar during the second quarter worth $3,192,710,000. Legal & General Group Plc acquired a new position in Caterpillar during the second quarter worth $2,783,451,000. Finally, Ascentis Wealth Management LLC boosted its position in shares of Caterpillar by 110,539.0% during the second quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company's stock worth $2,711,772,000 after buying an additional 2,515,867 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CAT. Royal Bank Of Canada lifted 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. Needham & Company LLC set a $980.00 price objective on Caterpillar in a report on Thursday, September 10th. Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Robert W. Baird set a $970.00 target price on Caterpillar in a report on Wednesday, August 5th. Finally, Erste Group Bank downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. Fifteen 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 currently has an average rating of "Moderate Buy" and a consensus target price of $947.42.

Caterpillar Stock Performance

NYSE:CAT opened at $715.07 on Thursday. Caterpillar Inc. has a 52 week low of $537.08 and a 52 week high of $1,073.46. The company has a fifty day simple moving average of $790.42 and a two-hundred day simple moving average of $807.41. 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 company has a market cap of $328.70 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $4.72 earnings per share. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.74 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

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

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Wall Street expects Caterpillar to report strong third-quarter sales and earnings growth, with revenue projected to exceed second-quarter sales. A beat, resilient margins, or an improved outlook could help reverse the recent pullback. Caterpillar Q3 2026 earnings preview: Revenue expected to top Q2 sales
• Positive Sentiment: Investors are watching demand for Caterpillar’s power systems, including potential AI and data-center infrastructure demand. Strong orders or backlog commentary would reinforce the company’s long-term growth narrative. Caterpillar Earnings Are Yet Another Bet on AI
• Positive Sentiment: One valuation analysis suggests CAT could be roughly 20% undervalued after its recent decline, based on expected future cash generation, its heavy-equipment and power businesses, and its substantial order pipeline. Caterpillar Stock May Be 20% Undervalued Following Backlog Questions
• Neutral Sentiment: Analysts have recently adjusted their forecasts and price targets ahead of the earnings release, making the report and management’s guidance important catalysts for the stock. Caterpillar Gears Up For Q3 Print
• Neutral Sentiment: Articles comparing Caterpillar with Eaton and Deere highlight its dealer network, free-cash-flow generation, and dividend profile, but also show investors weighing CAT against faster-growing electrical-infrastructure opportunities. Caterpillar vs. Eaton
• Negative Sentiment: The recent selloff reflects concerns that Caterpillar’s valuation already discounts strong execution, while questions about backlog quality and future cash flows could limit upside if the earnings report disappoints. Caterpillar Dropped 10% in a Month
• Negative Sentiment: Caterpillar’s legal challenge involving the United Kingdom’s post-Brexit tariffs introduces a potential trade-cost and regulatory overhang, although the immediate financial impact is unclear. Caterpillar mounts landmark legal test of UK’s post-Brexit tariffs

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.

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.