Caterpillar Inc. $CAT Stake Lifted by Westover Capital Advisors LLC

Key Points

• Westover Capital Advisors increased its Caterpillar stake by 70.1% in the third quarter to 7,953 shares valued at approximately $6.45 million. Institutional investors and hedge funds collectively own 70.98% of Caterpillar.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $947.42, although several firms recently lowered their targets. Caterpillar’s shares opened at $691.39, well below their 52-week high of $1,073.46.
• Caterpillar’s latest quarter exceeded expectations, with adjusted earnings of $8.17 per share and revenue of $20.54 billion, while revenue rose 23.7% year over year. The company also declared a $1.63 quarterly dividend, equal to a 0.9% annualized yield.

Westover Capital Advisors LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 70.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,953 shares of the industrial products company's stock after purchasing an additional 3,277 shares during the period. Caterpillar comprises 1.0% of Westover Capital Advisors LLC's portfolio, making the stock its 23rd largest position. Westover Capital Advisors LLC's holdings in Caterpillar were worth $6,448,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. E6 Portfolios LLC acquired a new stake in Caterpillar in the third quarter valued at $662,000. Motive Wealth Advisors raised its stake in shares of Caterpillar by 3.2% in the 3rd quarter. Motive Wealth Advisors now owns 576 shares of the industrial products company's stock valued at $467,000 after purchasing an additional 18 shares in the last quarter. Leo Wealth LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at about $306,000. Apollon Wealth Management LLC lifted its position in shares of Caterpillar by 24.2% during the third quarter. Apollon Wealth Management LLC now owns 31,214 shares of the industrial products company's stock worth $25,308,000 after purchasing an additional 6,089 shares during the last quarter. Finally, Tower View Wealth Management LLC lifted its position in shares of Caterpillar by 707.0% during the third quarter. Tower View Wealth Management LLC now owns 2,413 shares of the industrial products company's stock worth $1,956,000 after purchasing an additional 2,114 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer decreased their price target on Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating for the company in a research note on Wednesday, October 14th. UBS Group cut their price objective on Caterpillar from $925.00 to $750.00 and set a "neutral" rating on the stock in a research note on Monday. Freedom Broker raised 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 lowered Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Truist Financial lowered their price target on Caterpillar from $1,225.00 to $1,100.00 and set a "buy" rating for the company in a report on Monday, October 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus target price of $947.42.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-driven power demand strengthens the outlook. Caterpillar is benefiting from rising demand for power-generation equipment used by data centers, helping drive a reported record $72 billion backlog with orders extending through 2030. The company is also investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing and confirmed its $1.63 quarterly dividend payable November 19, 2026. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Analyst estimates moved higher. Erste Group Bank raised its earnings estimates for Caterpillar, adding to the favorable expectations surrounding the company’s upcoming results. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Neutral Sentiment: Resource Industries leadership transition announced. Group President Denise Johnson plans to retire in early 2027, with Derrick York, currently associated with Solar Turbines and other Caterpillar operations, named as her successor. Johnson is credited with improving the mining business during a difficult industry downturn; investors may monitor execution during the handoff. Caterpillar Taps Derrick York as Denise Johnson Sets Early 2027 Retirement
• Neutral Sentiment: Third-quarter earnings are the next major catalyst. Analysts expect another quarter of revenue and earnings growth, with investors looking beyond headline estimates to margins, segment performance, backlog conversion and management’s outlook. Caterpillar Q3 Earnings Preview
• Negative Sentiment: Tariffs and recent share-price weakness remain concerns. Rising tariffs could pressure Caterpillar’s margins, while the stock has declined sharply over the past month despite the backlog and a reported first-ever $20 billion quarter. The October 29 report will test whether backlog strength can support a rebound. Can Caterpillar’s $72B Backlog Save Its Stock From a 10% Slump?

Caterpillar Trading Up 0.6%

NYSE CAT opened at $691.39 on Tuesday. Caterpillar Inc. has a one year low of $521.43 and a one year high of $1,073.46. The company has a 50-day simple moving average of $799.69 and a 200-day simple moving average of $805.95. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a market capitalization of $317.81 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.18 and a beta of 1.58.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the business earned $4.72 earnings per share. Caterpillar's quarterly revenue was up 23.7% on a year-over-year basis. On average, equities analysts forecast that Caterpillar Inc. will post 27.74 earnings per share for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued 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 0.9%. Caterpillar's dividend payout ratio is 28.06%.

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred on 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 directly owned 34,555 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.33% of the company's stock.

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.

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