Caterpillar Inc. $CAT Stock Position Lowered by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Caterpillar stake by 98.1% in the third quarter, selling 116,792 shares and retaining 2,265 shares valued at approximately $1.84 million.
• Other institutional investors increased their positions, and institutions and hedge funds collectively own 70.98% of Caterpillar’s stock. CEO Joseph Creed also sold 32,401 shares, reducing his direct ownership by 48.39%.
• Caterpillar recently exceeded earnings and revenue expectations, but its shares have declined from their high and opened at $736.33. Analysts maintain a “Moderate Buy” consensus with an average price target of $967.83, while the company retained its quarterly dividend at $1.63 per share.

Curated Wealth Partners LLC lessened its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 98.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,265 shares of the industrial products company's stock after selling 116,792 shares during the quarter. Curated Wealth Partners LLC's holdings in Caterpillar were worth $1,836,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. WealthPlan Investment Management LLC boosted its holdings in shares of Caterpillar by 5.5% in the third quarter. WealthPlan Investment Management LLC now owns 12,819 shares of the industrial products company's stock valued at $10,394,000 after acquiring an additional 667 shares in the last quarter. Nvwm LLC increased its stake in shares of Caterpillar by 1.2% during the third quarter. Nvwm LLC now owns 1,548 shares of the industrial products company's stock worth $1,250,000 after acquiring an additional 18 shares during the period. Viking Fund Management LLC increased its stake in shares of Caterpillar by 25.0% during the third quarter. Viking Fund Management LLC now owns 5,000 shares of the industrial products company's stock worth $4,054,000 after acquiring an additional 1,000 shares during the period. Kellett Wealth Advisors LLC increased its stake in shares of Caterpillar by 3.8% during the third quarter. Kellett Wealth Advisors LLC now owns 379 shares of the industrial products company's stock worth $307,000 after acquiring an additional 14 shares during the period. Finally, HBW Advisory Services LLC raised its holdings in Caterpillar by 0.9% during the third quarter. HBW Advisory Services LLC now owns 2,941 shares of the industrial products company's stock worth $2,385,000 after purchasing an additional 25 shares in the last quarter. 70.98% of the stock is owned by institutional investors and hedge funds.

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

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 shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.33% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $736.33 on Friday. The firm has a market capitalization of $338.47 billion, a P/E ratio of 31.68, a PEG ratio of 1.29 and a beta of 1.58. Caterpillar Inc. has a one year low of $510.21 and a one year high of $1,073.46. The company's fifty day moving average is $814.53 and its two-hundred day moving average is $856.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 14.51% and a return on equity of 55.53%. The business's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $4.72 EPS. Analysts forecast that Caterpillar Inc. will post 27.49 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors 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 dividend on an annualized basis and a yield of 0.9%. Caterpillar's payout ratio is currently 28.06%.

Analyst Ratings Changes

CAT has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday. Freedom Broker raised Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective on the stock in a report on Thursday, September 10th. Wells Fargo & Company boosted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 23rd. Royal Bank Of Canada boosted their target price on Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $749.00 target price on shares of Caterpillar in a research note on Wednesday. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $967.83.

Caterpillar 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.