Caterpillar Inc. $CAT Stock: Studio Investment Management LLC Reduces Holdings

Key Points

• Studio Investment Management LLC cut its Caterpillar stake by 18.8% in the third quarter, selling 1,647 shares and retaining 7,120 shares worth approximately $5.8 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Analyst sentiment remains generally positive, with 15 Buy ratings and 12 Holds producing a consensus “Moderate Buy” rating and an average price target of $967.83.
• Caterpillar reported quarterly earnings and revenue above expectations, while maintaining its $1.63 quarterly dividend. The company’s annualized dividend yield is approximately 0.9%.

Studio Investment Management LLC reduced its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,120 shares of the industrial products company's stock after selling 1,647 shares during the period. Caterpillar makes up approximately 1.0% of Studio Investment Management LLC's investment portfolio, making the stock its 26th biggest position. Studio Investment Management LLC's holdings in Caterpillar were worth $5,773,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Mills Wealth Advisors LLC acquired a new stake in shares of Caterpillar during the 3rd quarter worth $731,000. Curry Webb Wealth Management LLC acquired a new position in Caterpillar in the third quarter valued at about $350,000. Indiana Trust & Investment Management Co raised its stake in Caterpillar by 0.9% in the third quarter. Indiana Trust & Investment Management Co now owns 10,647 shares of the industrial products company's stock valued at $8,632,000 after purchasing an additional 90 shares in the last quarter. Legacy Financial Group Inc. lifted its position in Caterpillar by 9.1% during the third quarter. Legacy Financial Group Inc. now owns 1,167 shares of the industrial products company's stock worth $946,000 after purchasing an additional 97 shares during the period. Finally, NBT Bank N.A. bought a new stake in Caterpillar during the third quarter worth about $29,778,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analyst Weigh In

CAT has been the topic of a number of analyst reports. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Caterpillar from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Oppenheimer cut their price target on shares of Caterpillar from $1,118.00 to $1,009.00 and set an "outperform" rating for the company in a report on Wednesday, October 14th. Barclays increased their price target on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Finally, UBS Group lifted their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $967.83.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts have been raising their earnings estimates, while Caterpillar’s history of positive earnings surprises and favorable Earnings ESP point to potential upside if the company exceeds expectations next week. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: A recent hammer chart pattern suggests CAT may have found technical support following its decline. The article also highlights broad Wall Street agreement on higher earnings estimates, strengthening the case for a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Caterpillar is maintaining its dividend while benefiting from strong cash generation, a reported record $72 billion backlog and a higher 2026 sales-growth outlook. These factors support earnings visibility and the potential for future dividend increases. CAT Keeps Dividend Unchanged
• Neutral Sentiment: Brokerages’ reported consensus price target of $967.83 implies substantial long-term upside, although target prices are estimates rather than guarantees. Caterpillar Consensus Target Price
• Negative Sentiment: Some investors remain concerned about how far CAT could fall after its recent rally, and reported ETF net selling may add short-term technical pressure. How Big Could Caterpillar Stock’s Next Fall Be?

Caterpillar Stock Performance

Shares of CAT stock opened at $703.30 on Friday. The firm has a market capitalization of $323.28 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.27 and a beta of 1.58. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The business's 50-day moving average price is $802.23 and its 200-day moving average price is $856.84. Caterpillar Inc. has a 12 month low of $513.01 and a 12 month high of $1,073.46.

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 (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The firm's revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.72 earnings per share. Equities research analysts forecast that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis 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%.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 34,555 shares of the company's stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.33% of the stock is owned by 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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