Caterpillar Inc. $CAT Stock Sold by Geneva Partners LLC

Geneva Partners LLC cut its stake in shares of Caterpillar Inc. (NYSE:CAT) by 11.4% in the third quarter, HoldingsChannel reports. The fund owned 9,525 shares of the industrial products company’s stock after selling 1,221 shares during the period. Caterpillar makes up approximately 2.3% of Geneva Partners LLC’s holdings, making the stock its 17th largest holding. Geneva Partners LLC’s holdings in Caterpillar were worth $7,723,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Plimoth Trust Co. LLC boosted its holdings in Caterpillar by 2.4% in the 3rd quarter. Plimoth Trust Co. LLC now owns 10,770 shares of the industrial products company’s stock worth $8,732,000 after buying an additional 248 shares during the period. Noesis Capital Mangement Corp raised its holdings in Caterpillar by 4.0% during the third quarter. Noesis Capital Mangement Corp now owns 41,786 shares of the industrial products company’s stock valued at $33,880,000 after acquiring an additional 1,613 shares during the period. Westover Capital Advisors LLC boosted its stake in shares of Caterpillar by 70.1% in the third quarter. Westover Capital Advisors LLC now owns 7,953 shares of the industrial products company’s stock worth $6,448,000 after acquiring an additional 3,277 shares during the period. E6 Portfolios LLC bought a new position in shares of Caterpillar in the third quarter worth about $662,000. Finally, Motive Wealth Advisors grew its position in shares of Caterpillar by 3.2% during the third quarter. Motive Wealth Advisors now owns 576 shares of the industrial products company’s stock worth $467,000 after purchasing an additional 18 shares in the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Price Performance

Shares of Caterpillar stock opened at $691.39 on Tuesday. The firm has a market cap of $317.81 billion, a PE ratio of 29.75, a PEG ratio of 1.18 and a beta of 1.58. The stock has a 50 day moving average of $799.69 and a 200 day moving average of $805.95. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a 12 month low of $521.43 and a 12 month high of $1,073.46.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the company posted $4.72 EPS. The company’s revenue was up 23.7% compared to the same quarter last year. On average, research analysts expect that Caterpillar Inc. will post 27.74 EPS for the current fiscal year.

Caterpillar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is currently 28.06%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: AI-driven power demand strengthens the outlook. Caterpillar is benefiting from rising demand for power-generation equipment used by data centers, helping drive a reported record $72 billion backlog with orders extending through 2030. The company is also investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing and confirmed its $1.63 quarterly dividend payable November 19, 2026. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Analyst estimates moved higher. Erste Group Bank raised its earnings estimates for Caterpillar, adding to the favorable expectations surrounding the company’s upcoming results. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Neutral Sentiment: Resource Industries leadership transition announced. Group President Denise Johnson plans to retire in early 2027, with Derrick York, currently associated with Solar Turbines and other Caterpillar operations, named as her successor. Johnson is credited with improving the mining business during a difficult industry downturn; investors may monitor execution during the handoff. Caterpillar Taps Derrick York as Denise Johnson Sets Early 2027 Retirement
• Neutral Sentiment: Third-quarter earnings are the next major catalyst. Analysts expect another quarter of revenue and earnings growth, with investors looking beyond headline estimates to margins, segment performance, backlog conversion and management’s outlook. Caterpillar Q3 Earnings Preview
• Negative Sentiment: Tariffs and recent share-price weakness remain concerns. Rising tariffs could pressure Caterpillar’s margins, while the stock has declined sharply over the past month despite the backlog and a reported first-ever $20 billion quarter. The October 29 report will test whether backlog strength can support a rebound. Can Caterpillar’s $72B Backlog Save Its Stock From a 10% Slump?

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $808.98, for a total transaction 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. The trade was a 48.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CAT. Weiss Ratings raised Caterpillar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 14th. UBS Group lowered their price target on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a report on Monday. Citigroup dropped their price target on Caterpillar from $1,100.00 to $950.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Zacks Research lowered shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 price objective on the stock in a research report on Thursday, September 10th. 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 stock currently has an average rating of “Moderate Buy” and an average price target of $947.42.

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.