Caterpillar Inc. $CAT Stock Holdings Trimmed by Jacobs & Co. CA

Jacobs & Co. CA reduced its holdings in shares of Caterpillar Inc. (NYSE:CAT) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,494 shares of the industrial products company’s stock after selling 1,373 shares during the quarter. Caterpillar makes up 2.2% of Jacobs & Co. CA’s investment portfolio, making the stock its 12th biggest holding. Jacobs & Co. CA’s holdings in Caterpillar were worth $24,724,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Caterpillar in the second quarter valued at approximately $40,457,153,000. State Street Corp raised its holdings 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 in the last quarter. Bank of America Corp DE purchased a new stake in shares of Caterpillar during the 2nd quarter worth approximately $5,818,150,000. Diamant Asset Management Inc. lifted its position in shares of Caterpillar by 68,427.2% during the 1st quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company’s stock worth $2,224,992,000 after buying an additional 3,136,020 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Caterpillar by 2.3% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong volume growth supports higher earnings expectations. Caterpillar’s first-half 2026 volume gains added approximately $5.4 billion to revenue, with momentum across all three major segments prompting a higher full-year outlook. Will Caterpillar’s Strong Volume Growth Keep Driving Sales Up in 2026?
• Positive Sentiment: Analysts raised longer-term EPS forecasts. Zacks Research increased its estimates for first- and second-quarter 2028 earnings and lifted its FY2028 forecast to $39.15 per share from $36.64, reinforcing expectations for continued earnings growth, although it maintained a Hold rating. Zacks Research earnings estimates
• Positive Sentiment: North Carolina investment signals capacity expansion. Caterpillar plans to invest about $1 billion in a technology-enabled, automation-heavy facility in Sanford to produce compact track loaders and telehandlers. The project could broaden its reach among small contractors, rental fleets and light-industrial customers while improving manufacturing efficiency. Caterpillar to invest $1 billion in North Carolina manufacturing facility
• Positive Sentiment: Construction-cycle exposure remains a bullish theme. J.P. Morgan described CAT as a major beneficiary of an extended U.S. construction cycle, while coverage also highlighted Caterpillar’s dealer network and use of artificial intelligence to enhance heavy-industry operations. Caterpillar Is the Market in a Single Stock
• Neutral Sentiment: Technical conditions remain unsettled. CAT recently fell below its 50-day moving average after a sharp selloff, but analysts identify historical trendline support and argue that the company’s backlog and earnings outlook could enable a rebound. Caterpillar Stock Could Bounce From Key Trendline
• Negative Sentiment: Rates and regulatory scrutiny are weighing on sentiment. A sharp rise in long-term Treasury yields has pressured the valuation of this economically sensitive industrial stock, while scrutiny of agricultural-equipment practices adds headline risk. Truist also reduced its price target, though it remains above the current market level. Caterpillar Faces Regulatory And Rate Pressure

Insider Transactions at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm’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 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 trade represents a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Caterpillar Price Performance

Shares of CAT opened at $800.64 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average is $822.31 and its two-hundred day moving average is $853.60. Caterpillar Inc. has a twelve month low of $491.30 and a twelve month high of $1,073.46. The firm has a market capitalization of $368.04 billion, a PE ratio of 34.45, a P/E/G ratio of 1.37 and a beta of 1.58.

Caterpillar (NYSE:CAT) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.72 EPS. Research analysts anticipate that Caterpillar Inc. will post 27.50 earnings per share for the current year.

Wall Street Analyst Weigh In

CAT has been the topic of several research analyst reports. UBS Group lifted their price target on shares of Caterpillar from $900.00 to $925.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. raised their price objective on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. Wells Fargo & Company lifted their target price on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 23rd. Truist Financial reduced their target price on Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings downgraded Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $989.17.

Caterpillar Company 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.