Caterpillar Inc. $CAT Stock: Busey Bank Increases Holdings

Busey Bank raised its stake in Caterpillar Inc. (NYSE:CAT) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,171 shares of the industrial products company’s stock after buying an additional 3,512 shares during the quarter. Caterpillar comprises approximately 1.8% of Busey Bank’s investment portfolio, making the stock its 14th biggest holding. Busey Bank’s holdings in Caterpillar were worth $73,110,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CAT. Generali Asset Management SPA SGR boosted its stake in Caterpillar by 0.4% in the 3rd quarter. Generali Asset Management SPA SGR now owns 50,010 shares of the industrial products company’s stock worth $40,548,000 after purchasing an additional 209 shares during the period. Lynch Investment Planning LLC bought a new position in Caterpillar during the 3rd quarter worth about $176,000. Balance Wealth Partners LLC acquired a new stake in shares of Caterpillar in the 3rd quarter valued at about $164,000. SYM FINANCIAL Corp raised its stake in shares of Caterpillar by 15.1% in the 3rd quarter. SYM FINANCIAL Corp now owns 1,348 shares of the industrial products company’s stock valued at $1,093,000 after purchasing an additional 177 shares during the period. Finally, Oakworth Capital Inc. lifted its holdings in shares of Caterpillar by 1.6% in the third quarter. Oakworth Capital Inc. now owns 3,158 shares of the industrial products company’s stock valued at $2,560,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 70.98% of the company’s stock.

Caterpillar Trading Up 3.2%

Shares of CAT stock opened at $714.14 on Wednesday. The company has a fifty day moving average price of $792.99 and a two-hundred day moving average price of $806.88. Caterpillar Inc. has a one year low of $521.67 and a one year high of $1,073.46.

Caterpillar (NYSE:CAT) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The firm had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. The business’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $4.72 EPS. On average, research analysts expect that Caterpillar Inc. will post 27.74 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, October 26th.

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the company’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 value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.33% of the company’s stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong backlog and AI-related demand: Caterpillar’s power-generation equipment is benefiting from data-center and artificial-intelligence infrastructure spending. The company reportedly has a record $72 billion backlog, with orders extending through 2030, supporting a favorable long-term growth outlook. Learn Why The Bull Case For Caterpillar Could Change Following AI Power Demand
• Positive Sentiment: Upcoming earnings catalyst: Analysts expect another quarter of revenue and earnings growth when Caterpillar reports on October 29. A recent estimate increase from Erste Group adds to the positive pre-earnings sentiment. Erste Group Bank Raises Earnings Estimates for Caterpillar
• Positive Sentiment: Shareholder returns and capacity expansion: Caterpillar confirmed a $1.63 quarterly dividend payable November 19 and is investing approximately $1 billion in North Carolina to expand compact-equipment manufacturing. These developments reinforce the company’s income appeal and capacity to serve demand. Caterpillar vs. Deere: Which Heavy Equipment Dividend Is Growing Faster?
• Neutral Sentiment: Leadership transition: Resource Industries head Denise Johnson plans to retire in early 2027, with Derrick York named as her successor. The planned handoff provides continuity, although investors may monitor execution in the mining business. Caterpillar Taps Derrick York as Denise Johnson Sets Early 2027 Retirement
• Negative Sentiment: Tariff and legal risks: Rising tariffs could pressure Caterpillar’s margins, while the company is pursuing a significant legal challenge involving the United Kingdom’s post-Brexit tariffs. The outcome could affect costs and trade flexibility. Caterpillar Mounts Landmark Legal Test of UK’s Post-Brexit Tariffs

Analyst Upgrades and Downgrades

CAT has been the subject of several recent research reports. Wells Fargo & Company reduced their price objective on Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating for the company in a research report on Monday. DA Davidson increased their price objective on Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Oppenheimer dropped their target price on Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 14th. Erste Group Bank cut Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $749.00 price target on shares of Caterpillar in a research report on Wednesday, October 14th. Fifteen analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $947.42.

Caterpillar Company 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.