Caterpillar Inc. $CAT Stock Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its Caterpillar position by 32.9% in the third quarter, selling 64,041 shares and retaining 130,355 shares valued at approximately $107.8 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, exceeding analyst expectations and representing 23.7% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.63 per share, equal to an annualized $6.52 payout and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $967.83.

TD Waterhouse Canada Inc. cut its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 32.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,355 shares of the industrial products company's stock after selling 64,041 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Caterpillar were worth $107,760,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CAT. BlackRock Inc. acquired a new position in shares of Caterpillar during the 2nd quarter worth $40,457,153,000. Bank of America Corp DE purchased a new stake in shares of Caterpillar in the 2nd quarter worth about $5,818,150,000. Diamant Asset Management Inc. grew its stake in Caterpillar by 68,427.2% in the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Caterpillar in the 2nd quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in Caterpillar during the 2nd quarter valued at about $2,783,451,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar Stock Down 0.8%

CAT opened at $730.01 on Friday. 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 firm has a market cap of $335.57 billion, a P/E ratio of 31.41, a PEG ratio of 1.26 and a beta of 1.58. Caterpillar Inc. has a 52 week low of $510.21 and a 52 week high of $1,073.46. The business's fifty day simple moving average is $812.24 and its 200 day simple moving average is $855.37.

Caterpillar (NYSE:CAT - Get Free Report) last posted 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 firm had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. During the same quarter last year, the business posted $4.72 EPS. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Caterpillar Inc. will post 27.49 EPS for the current fiscal year.

Caterpillar Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CAT shares. Royal Bank Of Canada lifted their target price on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $749.00 price target on shares of Caterpillar in a report on Wednesday. Oppenheimer lowered their price target on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating on the stock in a research report on Wednesday. DA Davidson raised their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their price objective on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $967.83.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar will invest up to $10 million in North Carolina workforce training, supporting technicians and manufacturing workers as it expands its Sanford operations. The investment complements a previously announced roughly $1 billion facility investment intended to increase compact-equipment production. Caterpillar Invests in North Carolina's Future Manufacturing Workforce
• Positive Sentiment: The acquisition of the Fabick CAT dealer network could strengthen Caterpillar’s distribution and customer-support footprint, although financial terms and the transaction’s earnings impact were not provided. Caterpillar acquires Fabick Cat dealer network
• Neutral Sentiment: Caterpillar scheduled its third-quarter 2026 results for October 29, giving investors a near-term catalyst to assess demand, margins and guidance. Caterpillar Third-Quarter 2026 Results Announcement
• Neutral Sentiment: Resource Industries President Denise Johnson will retire in February 2027, with Derrick York appointed as her successor effective November 1. Johnson will remain in an advisory role during the transition, limiting immediate disruption concerns. Caterpillar Announces Leadership Transition in Resource Industries
• Negative Sentiment: An analyst downgrade pressured the stock, while Oppenheimer issued a pessimistic forecast. These actions reinforce concerns about Caterpillar’s valuation and future earnings outlook. Caterpillar Shares Down on Analyst Downgrade
• Negative Sentiment: A broader unwind in the AI-related power trade also weighed on Caterpillar, as investors reassessed companies expected to benefit from data-center electricity demand. Comparisons with Generac highlighted differences in backlog, valuation and financial strength. AI Power Trade Unwinds

Insider Activity at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the company's stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Caterpillar 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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