Caterpillar Inc. $CAT Stock: Narwhal Capital Management Raises Stake

Narwhal Capital Management lifted its position in Caterpillar Inc. (NYSE:CAT) by 5.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,369 shares of the industrial products company’s stock after buying an additional 1,189 shares during the period. Caterpillar comprises 1.3% of Narwhal Capital Management’s portfolio, making the stock its 20th largest holding. Narwhal Capital Management’s holdings in Caterpillar were worth $18,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CAT. Decker Retirement Planning Inc. raised its holdings in Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 22 shares during the last quarter. PFS Partners LLC boosted its stake in Caterpillar by 1,750.0% during the 3rd quarter. PFS Partners LLC now owns 37 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 35 shares during the last quarter. Matrix Trust Co boosted its stake in Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new stake in shares of Caterpillar in the 2nd quarter worth $36,000. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Caterpillar in the 1st quarter worth $46,000. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 34,555 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C Jr bought 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director directly owned 4,714 shares of the company’s stock, valued at approximately $2,924,518.46. The trade was a 26.93% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price target on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Truist Financial reaffirmed a “buy” rating and set a $1,027.00 price objective (down from $1,100.00) on shares of Caterpillar in a research report on Friday, October 30th. Wall Street Zen downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. UBS Group reduced their price objective on Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a report on Monday, October 26th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a research report on Wednesday, October 14th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $898.25.

Caterpillar Trading Down 2.4%

NYSE:CAT opened at $584.28 on Wednesday. The company has a market cap of $267.36 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The company has a 50 day simple moving average of $751.89 and a two-hundred day simple moving average of $805.68. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, beating the consensus estimate of $7.06 by $0.14. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The firm had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. During the same period in the prior year, the firm earned $4.95 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. Research analysts forecast that Caterpillar Inc. will post 27.38 earnings per share for the current year.

Caterpillar Announces Dividend

The company 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 $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 yield of 1.1%. Caterpillar’s dividend payout ratio is currently 25.58%.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Caterpillar Profile

Caterpillar Inc. is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand. Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.