Caterpillar Inc. $CAT Stock: Sumitomo Mitsui Trust Group Inc. Cuts Position

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Caterpillar Inc. (NYSE:CAT) by 1.3% in the third quarter, Holdings Channel reports. The firm owned 1,291,495 shares of the industrial products company’s stock after selling 16,435 shares during the quarter. Caterpillar accounts for about 0.6% of Sumitomo Mitsui Trust Group Inc.’s portfolio, making the stock its 25th biggest position. Sumitomo Mitsui Trust Group Inc.’s holdings in Caterpillar were worth $1,047,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CAT. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Caterpillar during the third quarter valued at $120,184,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Caterpillar during the third quarter valued at $1,459,000. Aviance Capital Partners LLC increased its holdings in Caterpillar by 10.0% in the 3rd quarter. Aviance Capital Partners LLC now owns 747 shares of the industrial products company’s stock worth $606,000 after buying an additional 68 shares in the last quarter. Stevens Capital Partners increased its holdings in Caterpillar by 17.2% in the 3rd quarter. Stevens Capital Partners now owns 321 shares of the industrial products company’s stock worth $260,000 after buying an additional 47 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in Caterpillar by 5.4% in the 3rd quarter. Vise Technologies Inc. now owns 46,615 shares of the industrial products company’s stock worth $37,795,000 after buying an additional 2,378 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CAT shares. Freedom Broker upgraded shares of Caterpillar from a “hold” rating to a “buy” rating and set a $980.00 target price on the stock in a report on Thursday, September 10th. President Capital began coverage on shares of Caterpillar in a research report on Friday, September 18th. They set a “buy” rating and a $999.00 target price for the company. UBS Group dropped their target price on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a research report on Monday, October 26th. Wall Street Zen cut shares of Caterpillar from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a report on Thursday, September 10th. Fifteen research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $913.96.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the completion of the sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of 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. The firm’s 50 day simple moving average is $783.25 and its 200-day simple moving average is $807.52. Caterpillar Inc. has a one year low of $537.08 and a one year 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.

Caterpillar (NYSE:CAT) last released its quarterly earnings data on Thursday, October 29th. The industrial products company reported $7.20 EPS for the quarter, topping the consensus estimate of $7.06 by $0.14. The company had revenue of $20.68 billion for 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%. Caterpillar’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business posted $4.95 EPS. As a group, equities analysts predict that Caterpillar Inc. will post 27.75 EPS for the current year.

Caterpillar Dividend Announcement

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

Caterpillar News Roundup

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.

About Caterpillar

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.