Pictet Asset Management Holding SA Sells 10,380 Shares of Caterpillar Inc. $CAT

Pictet Asset Management Holding SA reduced its position in Caterpillar Inc. (NYSE:CAT) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 334,279 shares of the industrial products company’s stock after selling 10,380 shares during the period. Pictet Asset Management Holding SA’s holdings in Caterpillar were worth $271,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Caterpillar in the second quarter valued at about $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 purchasing an additional 1,396,356 shares during the period. Bank of America Corp DE bought a new stake in Caterpillar during the 2nd quarter worth about $5,818,150,000. Bank of New York Mellon Corp bought a new stake in Caterpillar during the 2nd quarter worth about $3,192,710,000. Finally, Legal & General Group Plc acquired a new position in Caterpillar during the 2nd quarter valued at about $2,783,451,000. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 1.0%

NYSE CAT opened at $559.32 on Friday. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The stock has a 50-day simple moving average of $760.19 and a 200 day simple moving average of $806.23. 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 market capitalization of $255.94 billion, a PE ratio of 21.94, a P/E/G ratio of 0.96 and a beta of 1.65.

Caterpillar (NYSE:CAT) last issued 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 firm had revenue of $20.68 billion for 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%. The company’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.95 earnings per share. Research analysts forecast that Caterpillar Inc. will post 27.39 EPS for the current year.

Caterpillar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 1.2%. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

Insider Activity at Caterpillar

In related 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 completion of the transaction, the chief executive officer owned 34,555 shares in the company, valued at approximately $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C Jr acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were purchased at an average price of $620.39 per share, with a total value of $620,390.00. Following the acquisition, the director owned 4,714 shares of the company’s stock, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their position. The SEC filing for this purchase provides additional information. 0.33% of the stock is owned by company insiders.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong results and backlog support the outlook. Caterpillar’s third-quarter earnings beat estimates, while its $78.1 billion backlog, stronger cash flow and expanding margins point to solid demand. The company is also expanding capacity to meet power-generation demand. Article: CAT Shares Fall Despite Q3 Earnings Beat
• Neutral Sentiment: Upcoming investor event. Construction Industries Group President Rod Shurman is scheduled to take part in a Bernstein-hosted fireside chat on Nov. 17; no new financial guidance was announced. Article: Caterpillar executive to participate in Bernstein fireside chat
• Negative Sentiment: AI-trade selling and valuation concerns weigh on the stock. Investors have been selling Caterpillar alongside other industrial companies amid worries that AI-related investment could slow. The market increasingly treats CAT as a data-center power play, exposing it to shifts in sentiment even though power generation accounted for about 15% of 2025 sales. Article: AI selloff spreads to industrials
• Negative Sentiment: Execution and cyclical risks remain. Reports cite orders falling, dealers trimming inventories, and tariffs, manufacturing costs and production constraints pressuring margins. Morgan Stanley also cut its price target by 26% after earnings, highlighting the risk of a cyclical test despite the backlog. Article: Morgan Stanley cuts Caterpillar price target

Wall Street Analysts Forecast Growth

CAT has been the topic of several recent research reports. DA Davidson reduced their target price on shares of Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research note on Monday, November 2nd. Weiss Ratings cut shares of Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 29th. Sanford C. Bernstein reissued a “market perform” rating and set a $749.00 price target on shares of Caterpillar in a research note on Wednesday, October 14th. Wells Fargo & Company cut their price objective on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Finally, Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $898.25.

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.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.