Caterpillar Inc. $CAT Stock Acquired by Viking Fund Management LLC

Viking Fund Management LLC boosted its holdings in Caterpillar Inc. (NYSE:CAT) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the industrial products company’s stock after acquiring an additional 1,000 shares during the quarter. Viking Fund Management LLC’s holdings in Caterpillar were worth $4,054,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Kellett Wealth Advisors LLC lifted its stake in Caterpillar by 3.8% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 379 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 14 shares during the period. HBW Advisory Services LLC boosted its holdings in shares of Caterpillar by 0.9% during the 3rd quarter. HBW Advisory Services LLC now owns 2,941 shares of the industrial products company’s stock valued at $2,385,000 after acquiring an additional 25 shares during the last quarter. Colorado Capital Management Inc. grew its stake in shares of Caterpillar by 11.8% in the third quarter. Colorado Capital Management Inc. now owns 656 shares of the industrial products company’s stock worth $532,000 after acquiring an additional 69 shares during the period. KG Capital Management grew its stake in shares of Caterpillar by 4.6% in the third quarter. KG Capital Management now owns 1,088 shares of the industrial products company’s stock worth $882,000 after acquiring an additional 48 shares during the period. Finally, Howard Financial Services LTD. raised its holdings in shares of Caterpillar by 28.7% during the third quarter. Howard Financial Services LTD. now owns 861 shares of the industrial products company’s stock valued at $698,000 after purchasing an additional 192 shares during the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Oppenheimer lowered its Caterpillar price target from $1,118 to $1,009 but maintained an “outperform” rating. The new target implies substantial potential upside from recent levels, suggesting the analyst still sees attractive long-term value after the pullback. Benzinga analyst price target report
• Positive Sentiment: Caterpillar’s board maintained its quarterly dividend at $1.63 per share, payable November 19 to shareholders of record October 19. The annualized dividend is $6.52 per share, or approximately a 0.9% yield, reinforcing the company’s long record of returning cash to shareholders. Caterpillar maintains dividend
• Neutral Sentiment: Caterpillar is attracting elevated investor attention, while comparisons with Deere and Timken focus on relative valuation, cyclical exposure and the outlook for industrial demand. These reports may increase trading interest but do not represent new company-specific operating developments. Caterpillar investor attention report
• Negative Sentiment: Shares contributed to declines in the Dow as investors continued selling AI- and data-center-related beneficiaries amid inflation concerns. Caterpillar has fallen roughly 30% from its record high, reflecting a sharp reassessment of the premium investors had assigned to its data-center power opportunity. Caterpillar AI selloff and inflation concerns
• Negative Sentiment: Analysts have reduced expectations: Erste Group cut its fiscal 2027 EPS forecast to $32.14 from $32.28 and kept a “hold” rating, while Citi and Truist reportedly lowered their price targets. Investors are also questioning whether Caterpillar’s elevated earnings multiple can be sustained if data-center-related demand moderates. Caterpillar analyst target cuts

Analyst Ratings Changes

A number of brokerages recently weighed in on CAT. Truist Financial lowered their price objective on shares of Caterpillar from $1,225.00 to $1,100.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. JPMorgan Chase & Co. raised their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 17th. President Capital initiated coverage on shares of Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 target price for the company. Needham & Company LLC set a $980.00 target price on shares of Caterpillar in a research note on Thursday, September 10th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $749.00 price target on shares of Caterpillar in a report on Wednesday. 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, Caterpillar presently has a consensus rating of “Moderate Buy” and a consensus price target of $967.83.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $747.18 on Thursday. The firm’s 50 day moving average price is $816.99 and its 200-day moving average price is $855.96. Caterpillar Inc. has a twelve month low of $510.21 and a twelve month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $343.46 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.33 and a beta of 1.58.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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 company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.72 earnings per share. Equities research analysts expect that Caterpillar Inc. will post 27.49 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be given a $1.63 dividend. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a yield of 0.9%. Caterpillar’s dividend payout ratio (DPR) is presently 28.06%.

About Caterpillar

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.