Caterpillar Inc. $CAT Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in Caterpillar Inc. (NYSE:CAT) by 23.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,176 shares of the industrial products company’s stock after purchasing an additional 41,055 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Caterpillar were worth $177,706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CAT. BlackRock Inc. bought a new position in shares of Caterpillar during the second quarter valued at about $40,457,153,000. State Street Corp lifted its stake in shares of Caterpillar by 4.0% in the 2nd quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock valued at $37,120,529,000 after acquiring an additional 1,396,356 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Caterpillar in the 2nd quarter valued at about $5,818,150,000. Diamant Asset Management Inc. lifted its stake in shares of Caterpillar by 68,427.2% in the 1st 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 acquiring an additional 3,136,020 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Caterpillar during the 2nd quarter valued at about $3,192,710,000. 70.98% of the stock is owned by institutional investors.

Caterpillar Stock Down 0.1%

Shares of NYSE:CAT opened at $725.27 on Wednesday. Caterpillar Inc. has a 1 year low of $510.21 and a 1 year high of $1,073.46. The company has a market cap of $333.38 billion, a PE ratio of 31.21, a P/E/G ratio of 1.25 and a beta of 1.58. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The stock’s 50-day moving average is $807.63 and its 200 day moving average is $856.77.

Caterpillar (NYSE:CAT) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating analysts’ consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the company posted $4.72 EPS. Caterpillar’s quarterly revenue was up 23.7% compared to the same quarter last year. Sell-side analysts anticipate that Caterpillar Inc. will post 27.49 EPS for the current year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is currently 28.06%.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar received a Zacks Rank upgrade to #2 (Buy), reflecting increased optimism about its earnings outlook. That could provide support to the shares, although the upgrade is based on a quantitative ranking rather than a major change in company fundamentals. Caterpillar rating upgrade article
• Positive Sentiment: Caterpillar is investing $10 million to expand its North Carolina workforce and manufacturing presence. The investment signals confidence in regional production demand and could support long-term growth, though it is unlikely to materially affect near-term earnings. Caterpillar North Carolina investment article
• Neutral Sentiment: Analyst coverage remains broadly favorable, with Wall Street’s average recommendation suggesting CAT is suitable for portfolios. However, the report cautions that sell-side recommendations can be overly optimistic, limiting the signal’s value for investors. Caterpillar analyst recommendation article
• Neutral Sentiment: A comparison with W.W. Grainger and other industrial-products companies provides context on CAT’s year-to-date performance, but does not introduce a new company-specific catalyst. Caterpillar peer performance article
• Negative Sentiment: Caterpillar formally objected to the unauthorized tokenized trading of its shares on the OKX-ICE venue, citing regulatory and reputational risks. The dispute may create headline risk and reinforces concerns about how CAT stock is represented in unregistered digital-asset markets. Caterpillar tokenized shares article

Wall Street Analyst Weigh In

CAT has been the topic of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and set a $749.00 price target on shares of Caterpillar in a research report on Wednesday, October 14th. Robert W. Baird set a $970.00 price objective on Caterpillar in a research report on Wednesday, August 5th. Barclays raised their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Oppenheimer decreased their target price on shares of Caterpillar from $1,118.00 to $1,009.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. Finally, President Capital assumed coverage on shares of Caterpillar in a report on Friday, September 18th. They set a “buy” rating and a $999.00 price target for the company. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $967.83.

Insider Buying and Selling

In related 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 $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.33% of the stock is owned by insiders.

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.