Caterpillar Inc. $CAT Shares Purchased by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its position in shares of Caterpillar Inc. (NYSE:CAT) by 73.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,624 shares of the industrial products company’s stock after buying an additional 1,538 shares during the quarter. Cidel Asset Management Inc.’s holdings in Caterpillar were worth $2,938,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CAT. Intrua Financial LLC boosted its holdings in shares of Caterpillar by 64.2% in the 3rd quarter. Intrua Financial LLC now owns 1,061 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 415 shares in the last quarter. Global Assets Advisory LLC grew its position in Caterpillar by 26.5% during the 3rd quarter. Global Assets Advisory LLC now owns 3,313 shares of the industrial products company’s stock worth $2,837,000 after acquiring an additional 695 shares during the last quarter. Summit Global Investments increased its holdings in Caterpillar by 75.7% during the 3rd quarter. Summit Global Investments now owns 2,940 shares of the industrial products company’s stock valued at $2,384,000 after purchasing an additional 1,267 shares in the last quarter. MGO One Seven LLC raised its position in Caterpillar by 52.2% in the 3rd quarter. MGO One Seven LLC now owns 27,137 shares of the industrial products company’s stock valued at $22,003,000 after purchasing an additional 9,310 shares during the last quarter. Finally, Marin Bay Wealth Advisors LLC bought a new position in Caterpillar in the 3rd quarter valued at $930,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $1,009.00 price target on shares of Caterpillar in a report on Thursday. Freedom Broker raised shares of 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. Truist Financial restated a “buy” rating and issued a $1,027.00 price objective (down from $1,100.00) on shares of Caterpillar in a research report on Friday. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a research note on Thursday, September 10th. Finally, Citigroup reduced their target price on shares of Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $913.96.

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $622.73 on Friday. The stock’s fifty day simple moving average is $783.25 and its 200 day simple moving average is $807.52. The company has a current ratio of 1.42, a quick ratio of 0.85 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $286.25 billion, a PE ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.58. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The business had revenue of $20.68 billion during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. Caterpillar’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.95 EPS. On average, research analysts predict that Caterpillar Inc. will post 27.75 EPS for the current year.

Caterpillar Announces Dividend

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. This represents a $6.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

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.