Caterpillar Inc. $CAT Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its stake in shares of Caterpillar Inc. (NYSE:CAT) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,097 shares of the industrial products company’s stock after acquiring an additional 939 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Caterpillar were worth $6,693,000 at the end of the most recent quarter.

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

More Caterpillar News

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 Analyst Weigh In

CAT has been the subject of several research reports. Erste Group Bank cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Robert W. Baird set a $970.00 target price on Caterpillar in a research report on Wednesday, August 5th. Morgan Stanley reduced their target price on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating on the stock in a report on Friday, October 30th. Finally, Citigroup lowered their price target on Caterpillar from $950.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, October 30th. Fifteen equities 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, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus price target of $898.25.

Insider Buying and Selling

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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director C Jr acquired 1,000 shares of the stock in a transaction on Monday, November 2nd. The stock was purchased at an average cost of $620.39 per share, with a total value of $620,390.00. Following the transaction, the director directly owned 4,714 shares of the company’s stock, valued at $2,924,518.46. This represents a 26.93% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Up 0.1%

Shares of CAT opened at $559.32 on Monday. Caterpillar Inc. has a 12 month low of $537.08 and a 12 month high of $1,073.46. The stock’s 50-day moving average is $760.19 and its two-hundred day moving average is $806.23. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The stock has a market cap of $255.94 billion, a PE ratio of 21.94, a P/E/G ratio of 0.97 and a beta of 1.65.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $20.76 billion. During the same quarter last year, the firm earned $4.95 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities analysts forecast that Caterpillar Inc. will post 27.39 earnings per share for the current fiscal year.

Caterpillar Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given 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 payout ratio is 25.58%.

About Caterpillar

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.