Sumitomo Mitsui Trust Group Inc. Sells 16,435 Shares of Caterpillar Inc. $CAT

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,291,495 shares of the industrial products company’s stock after selling 16,435 shares during the period. Caterpillar accounts for about 0.6% of Sumitomo Mitsui Trust Group Inc.’s holdings, making the stock its 25th biggest position. Sumitomo Mitsui Trust Group Inc. owned 0.28% of Caterpillar worth $1,047,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in Caterpillar in the 2nd quarter worth approximately $40,457,153,000. Bank of America Corp DE purchased a new position in Caterpillar in the 2nd quarter valued at approximately $5,818,150,000. Bank of New York Mellon Corp bought a new stake in Caterpillar during the 2nd quarter valued at $3,192,710,000. Legal & General Group Plc bought a new stake in Caterpillar during the 2nd quarter valued at $2,783,451,000. Finally, Ascentis Wealth Management LLC raised its holdings in Caterpillar by 110,539.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company’s stock valued at $2,711,772,000 after acquiring an additional 2,515,867 shares during the period. Institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

CAT has been the topic of a number of recent research reports. Needham & Company LLC set a $980.00 price objective on Caterpillar in a report on Thursday, September 10th. Truist Financial reissued a “buy” rating and set a $1,027.00 price objective (down from $1,100.00) on shares of Caterpillar in a research note on Friday. Morgan Stanley reduced their target price on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research report on Friday. Sanford C. Bernstein restated a “market perform” rating and issued a $749.00 target price on shares of Caterpillar in a research note on Wednesday, October 14th. Finally, JPMorgan Chase & Co. lowered their price target on Caterpillar from $1,100.00 to $1,000.00 and set an “overweight” rating on the stock in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $913.96.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar reported third-quarter sales and revenues of approximately $20.7 billion, up 17% year over year, while adjusted earnings per share of $7.20 exceeded the $7.06 consensus estimate. Power-generation sales increased 30%, helped by data-center demand, and the company reported a record $78.1 billion backlog. Caterpillar Reports Third-Quarter 2026 Results
• Positive Sentiment: Truist Financial reaffirmed its “buy” rating, while Citigroup maintained a “buy” rating despite lowering its price target to $800. Both targets remain above the current trading level, suggesting some analysts see substantial long-term upside.
• Neutral Sentiment: Bank of America said Caterpillar’s earnings power remains intact, and analysts expect revenue and EPS growth as the backlog converts. However, the backlog may extend into 2029–2030, meaning investors could wait longer for the full financial benefit.
• Negative Sentiment: Management left its annual growth outlook unchanged and indicated only “moderate” fourth-quarter revenue growth. Investors had expected a stronger forecast or an upgrade, so the unchanged guidance overshadowed the earnings beat. Caterpillar Tops Quarterly Profit View
• Negative Sentiment: Revenue came in slightly below consensus, while tariff expenses and rising inventories added to concerns about costs, demand timing and near-term margins.
• Negative Sentiment: Several firms reduced their targets: Morgan Stanley cut its target to $675 and rated CAT “equal weight,” RBC lowered its target to $722 with a “sector perform” rating, and Truist reduced its target to $1,027. These cuts reinforce concerns that the stock’s premium valuation had become difficult to justify without faster growth.

Insider Buying and Selling at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’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 completion of the transaction, the chief executive officer owned 34,555 shares of the company’s stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Caterpillar Stock Performance

NYSE:CAT opened at $622.73 on Friday. The firm has a market cap of $286.25 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 1.07 and a beta of 1.58. Caterpillar Inc. has a fifty-two week low of $537.08 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.85 and a current ratio of 1.42. The business has a 50 day moving average price of $783.25 and a 200-day moving average price of $807.52.

Caterpillar (NYSE:CAT) last announced its earnings results on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $7.06 by $0.14. The company had revenue of $20.68 billion during the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 earnings per share. Equities research analysts predict that Caterpillar Inc. will post 27.75 earnings per share for the current year.

Caterpillar Announces Dividend

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 paid a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio is presently 25.58%.

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.