Caterpillar Inc. $CAT Stock Sold by Howland Capital Management LLC

Howland Capital Management LLC lowered its position in Caterpillar Inc. (NYSE:CAT) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,731 shares of the industrial products company’s stock after selling 928 shares during the quarter. Howland Capital Management LLC’s holdings in Caterpillar were worth $4,647,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Caterpillar in the second quarter valued at $40,457,153,000. State Street Corp lifted its holdings in Caterpillar by 4.0% during the 2nd 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 during the 2nd quarter worth about $5,818,150,000. Bank of New York Mellon Corp acquired a new position in shares of Caterpillar during the 2nd quarter worth about $3,192,710,000. Finally, Legal & General Group Plc purchased a new position in shares of Caterpillar in the 2nd quarter valued at about $2,783,451,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts have been raising their earnings estimates, while Caterpillar’s history of positive earnings surprises and favorable Earnings ESP point to potential upside if the company exceeds expectations next week. Caterpillar Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: A recent hammer chart pattern suggests CAT may have found technical support following its decline. The article also highlights broad Wall Street agreement on higher earnings estimates, strengthening the case for a near-term recovery. Bears Are Losing Control Over Caterpillar
• Positive Sentiment: Caterpillar is maintaining its dividend while benefiting from strong cash generation, a reported record $72 billion backlog and a higher 2026 sales-growth outlook. These factors support earnings visibility and the potential for future dividend increases. CAT Keeps Dividend Unchanged
• Neutral Sentiment: Brokerages’ reported consensus price target of $967.83 implies substantial long-term upside, although target prices are estimates rather than guarantees. Caterpillar Consensus Target Price
• Negative Sentiment: Some investors remain concerned about how far CAT could fall after its recent rally, and reported ETF net selling may add short-term technical pressure. How Big Could Caterpillar Stock’s Next Fall Be?

Caterpillar Trading Down 5.0%

CAT opened at $703.30 on Friday. The firm has a market cap of $323.28 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.58. Caterpillar Inc. has a 52 week low of $513.01 and a 52 week high of $1,073.46. The business’s 50 day moving average is $802.23 and its two-hundred day moving average is $856.84. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.72 earnings per share. On average, research analysts predict that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Announces Dividend

The firm also recently declared 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 is Monday, October 26th. This represents a $6.52 dividend on an annualized basis and a yield of 0.9%. Caterpillar’s dividend payout ratio is currently 28.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CAT. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 14th. Needham & Company LLC set a $980.00 price target on Caterpillar in a report on Thursday, September 10th. Barclays increased their price target on shares of Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, DA Davidson boosted their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and an average target price of $967.83.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.

About Caterpillar

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.