Leonard Rickey Investment Advisors P.L.L.C. Purchases 1,975 Shares of Caterpillar Inc. $CAT

Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in Caterpillar Inc. (NYSE:CAT) by 97.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,993 shares of the industrial products company’s stock after purchasing an additional 1,975 shares during the period. Caterpillar makes up about 0.5% of Leonard Rickey Investment Advisors P.L.L.C.’s holdings, making the stock its 28th biggest position. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Caterpillar were worth $3,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Decker Retirement Planning Inc. boosted its stake in Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company’s stock valued at $29,000 after buying an additional 22 shares during the period. Matrix Trust Co lifted its stake in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company’s stock worth $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 valued at about $36,000. PFS Partners LLC boosted its stake in shares of Caterpillar by 1,750.0% during the third 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 period. Finally, Tacita Capital Inc purchased a new stake in Caterpillar during the 2nd quarter valued at $47,000. Institutional investors own 70.98% of the company’s stock.

Analysts Set New Price Targets

CAT has been the topic of a number of recent analyst reports. Wall Street Zen lowered Caterpillar from a “buy” rating to a “hold” rating in a research report on Saturday. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. JPMorgan Chase & Co. reduced their price target on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings cut shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Wells Fargo & Company dropped their price target on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $913.96.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’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 value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of NYSE CAT opened at $622.73 on Friday. The firm has a market cap of $286.25 billion, a P/E ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.58. Caterpillar Inc. has a twelve month low of $537.08 and a twelve month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.42 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average of $783.25 and a 200 day moving average of $807.52.

Caterpillar (NYSE:CAT) last issued its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS 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 business had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. During the same period last year, the business posted $4.95 EPS. The company’s revenue was up 17.3% compared to the same quarter last year. As a group, research analysts expect that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.0%. Caterpillar’s payout ratio is currently 25.58%.

Key Stories Impacting Caterpillar

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.

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.