Caterpillar Inc. $CAT Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in Caterpillar Inc. (NYSE:CAT) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,093 shares of the industrial products company’s stock after selling 5,377 shares during the quarter. Caterpillar makes up 0.6% of Oppenheimer & Co. Inc.’s holdings, making the stock its 27th biggest position. Oppenheimer & Co. Inc.’s holdings in Caterpillar were worth $53,588,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CAT. BlackRock Inc. purchased a new position in Caterpillar in the second quarter valued at approximately $40,457,153,000. State Street Corp increased its position in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after buying an additional 1,396,356 shares during the last quarter. Bank of America Corp DE purchased a new stake in Caterpillar in the second quarter worth $5,818,150,000. Bank of New York Mellon Corp bought a new stake in shares of Caterpillar in the second quarter valued at $3,192,710,000. Finally, Legal & General Group Plc bought a new stake in shares of Caterpillar in the second quarter valued at $2,783,451,000. 70.98% of the stock is owned by institutional investors.

Trending Headlines about 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. The company has a market cap of $317.81 billion, a P/E ratio of 29.75, a P/E/G ratio of 1.18 and a beta of 1.58. The stock’s fifty day moving average price is $799.69 and its two-hundred day moving average price is $805.95. Caterpillar Inc. has a 1 year low of $521.43 and a 1 year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85.

Caterpillar (NYSE:CAT) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company had revenue of $20.54 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same period in the previous year, the business earned $4.72 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. As a group, analysts expect that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders 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 yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is currently 28.06%.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction dated 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 completion of the transaction, the chief executive officer 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 filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays increased their price target on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Citigroup lowered their price objective on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Oppenheimer dropped their price objective on shares of Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating on the stock in a report on Wednesday, October 14th. Finally, Wall Street Zen upgraded shares of Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $947.42.

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.