Caterpillar Inc. $CAT Stock: Alps Advisors Inc. Lowers Holdings

Key Points

• Alps Advisors cut its Caterpillar stake by 23.4% in the third quarter, selling 3,967 shares and retaining 13,006 shares valued at about $10.5 million.
• Analysts’ consensus remains “Moderate Buy,” with an average price target of $898.25; ratings include 15 Buys and 12 Holds, alongside recent target and rating reductions.
• Caterpillar’s latest quarterly earnings beat estimates at $7.20 per share, while revenue rose 17.3% year over year to $20.68 billion, slightly below analyst expectations.

Alps Advisors Inc. trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 23.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,006 shares of the industrial products company's stock after selling 3,967 shares during the period. Alps Advisors Inc.'s holdings in Caterpillar were worth $10,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in CAT. Diversify Advisory Services LLC acquired a new stake in Caterpillar in the 2nd quarter valued at about $5,372,000. D.B. Root & Company LLC acquired a new position in Caterpillar during the second quarter worth about $850,000. Dearborn Partners LLC acquired a new position in Caterpillar during the second quarter worth about $20,293,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company's stock valued at $66,802,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Van Hulzen Asset Management LLC lifted its holdings in shares of Caterpillar by 85.3% in the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company's stock valued at $2,991,000 after purchasing an additional 1,293 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CAT shares. President Capital assumed coverage on shares of Caterpillar in a research note on Friday, September 18th. They set a "buy" rating and a $999.00 price objective for the company. Oppenheimer reiterated an "outperform" rating and set a $1,009.00 target price on shares of Caterpillar in a report on Thursday, October 29th. DA Davidson lowered their target price on Caterpillar from $882.00 to $685.00 and set a "neutral" rating on the stock in a report on Monday, November 2nd. Wall Street Zen downgraded Caterpillar from a "buy" rating to a "hold" rating in a research report on Saturday, October 31st. Finally, Weiss Ratings cut Caterpillar from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Caterpillar presently has an average rating of "Moderate Buy" and an average target price of $898.25.

Trending Headlines about 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

Caterpillar Trading Up 1.0%

Shares of CAT opened at $559.32 on Friday. Caterpillar Inc. has a twelve month low of $537.08 and a twelve month high of $1,073.46. The firm has a market capitalization of $255.94 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.96 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The stock's fifty day simple moving average is $760.19 and its 200 day simple moving average is $806.23.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $20.76 billion. During the same period in the previous year, the company posted $4.95 earnings per share. Caterpillar's revenue was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Caterpillar Inc. will post 27.39 earnings per share for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.2%. Caterpillar's payout ratio is 25.58%.

Insider Transactions at Caterpillar

In other news, Director James C. Fish, Jr. purchased 1,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the purchase, the director owned 4,714 shares of the company's stock, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joseph Creed sold 32,401 shares of Caterpillar stock in a transaction that occurred on 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. The trade was a 48.39% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.33% of the company's stock.

Caterpillar Profile

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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