Caterpillar Inc. $CAT Holdings Cut by CoreCap Advisors LLC

CoreCap Advisors LLC lowered its stake in shares of Caterpillar Inc. (NYSE:CAT) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,870 shares of the industrial products company’s stock after selling 886 shares during the period. CoreCap Advisors LLC’s holdings in Caterpillar were worth $9,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Caterpillar during the 2nd quarter worth $40,457,153,000. State Street Corp grew its stake in Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after purchasing an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new position in Caterpillar in the second quarter worth about $5,818,150,000. Diamant Asset Management Inc. lifted its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock valued at $2,224,992,000 after buying an additional 3,136,020 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Caterpillar by 2.3% during the fourth quarter. Invesco Ltd. now owns 3,031,666 shares of the industrial products company’s stock valued at $1,736,750,000 after buying an additional 68,770 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar News Roundup

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings expectations. Zacks Research increased its estimates across 2026–2028, including FY2026 EPS to $27.36, FY2027 EPS to $32.44 and FY2028 EPS to $39.15. The revisions suggest confidence in Caterpillar’s backlog, pricing power and future demand, although Zacks’ published ratings vary between “Hold” and “Strong Buy.” Caterpillar earnings estimate revisions
• Positive Sentiment: Longer-term demand remains a support. Caterpillar is committing $1 billion to expand compact-equipment manufacturing in North Carolina, adding automation and digital capabilities to address customer demand and expand U.S. production. The company is also attracting attention for its exposure to gas-compression equipment and power infrastructure supporting data centers. Caterpillar North Carolina investment
• Neutral Sentiment: Technical support could trigger a rebound. Analysts noted that CAT has pulled back toward historical trendline support, creating the possibility of a bounce. However, the break below the 50-day simple moving average indicates that momentum has weakened and investors may remain cautious until the stock stabilizes. Caterpillar trendline analysis
• Negative Sentiment: Higher rates are the main immediate pressure. Treasury yields reached roughly two-decade highs, weighing on capital-intensive industrial companies and making equipment purchases more expensive. Caterpillar’s elevated valuation and sensitivity to economic conditions amplify the market’s reaction to rising rates. Caterpillar stock and Treasury yields
• Negative Sentiment: Target-price and regulatory concerns add uncertainty. Truist lowered its price target to $1,100 from $1,225, while the FTC and USDA are gathering information about the farm-equipment market, potentially raising future regulatory risk for equipment manufacturers. Caterpillar and Deere regulatory inquiry

Caterpillar Stock Performance

CAT stock traded down $16.97 during trading on Thursday, reaching $796.86. The company had a trading volume of 2,788,684 shares, compared to its average volume of 2,820,792. The company has a market cap of $366.29 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.58. Caterpillar Inc. has a twelve month low of $491.30 and a twelve month high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a 50-day simple moving average of $822.83 and a 200-day simple moving average of $853.15.

Caterpillar (NYSE:CAT) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.72 EPS. As a group, sell-side analysts expect that Caterpillar Inc. will post 27.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CAT shares. Wells Fargo & Company lifted their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. DA Davidson lifted their price target on shares of Caterpillar from $845.00 to $882.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Barclays upped their price target on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price objective on Caterpillar from $877.00 to $897.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Caterpillar has an average rating of “Moderate Buy” and a consensus price target of $989.17.

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 34,555 shares of the company’s stock, 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 at this hyperlink. 0.33% of the stock is currently owned by insiders.

Caterpillar Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Its products are used in infrastructure development, construction, mining, energy production, transportation, agriculture, forestry, and other industrial applications.

The company markets equipment and related services through a worldwide network of independent dealers. Its operations are generally organized around Construction Industries, Resource Industries, and Energy & Transportation.