Caterpillar Inc. $CAT Stock Purchased by Payden & Rygel

Payden & Rygel increased its stake in Caterpillar Inc. (NYSE:CAT) by 4,333.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,300 shares of the industrial products company’s stock after acquiring an additional 13,000 shares during the period. Payden & Rygel’s holdings in Caterpillar were worth $10,784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Canopy Partners LLC increased its holdings in Caterpillar by 1.8% in the 3rd quarter. Canopy Partners LLC now owns 3,482 shares of the industrial products company’s stock valued at $2,823,000 after purchasing an additional 62 shares in the last quarter. Brian Low Financial Group LLC bought a new stake in shares of Caterpillar in the 3rd quarter worth approximately $1,538,000. Strid Group LLC grew its position in shares of Caterpillar by 11.0% during the third quarter. Strid Group LLC now owns 372 shares of the industrial products company’s stock worth $302,000 after acquiring an additional 37 shares during the last quarter. Parcion Private Wealth LLC raised its holdings in shares of Caterpillar by 5.4% during the third quarter. Parcion Private Wealth LLC now owns 8,765 shares of the industrial products company’s stock valued at $7,107,000 after buying an additional 453 shares during the last quarter. Finally, Partners Wealth Management LLC increased its stake in Caterpillar by 159.5% during the 3rd quarter. Partners Wealth Management LLC now owns 1,726 shares of the industrial products company’s stock valued at $1,400,000 after buying an additional 1,061 shares during the period. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CAT has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and set a $1,009.00 target price on shares of Caterpillar in a research note on Thursday. UBS Group reduced their target price on shares of Caterpillar from $925.00 to $750.00 and set a “neutral” rating for the company in a research note on Monday. Truist Financial reissued a “buy” rating and set a $1,027.00 price target (down from $1,100.00) on shares of Caterpillar in a report on Friday. Zacks Research downgraded shares of Caterpillar from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Barclays increased their target price on Caterpillar from $800.00 to $900.00 and gave the stock an “equal weight” rating in a report on Thursday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $913.96.

Insider Activity

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Key Headlines Impacting Caterpillar

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.

Caterpillar Price Performance

NYSE:CAT opened at $622.73 on Friday. The firm has a market cap of $286.25 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.11 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 52 week low of $537.08 and a 52 week 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 posted its quarterly earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.06 by $0.14. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. During the same quarter last year, the business posted $4.95 EPS. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. As a group, sell-side analysts predict that Caterpillar Inc. will post 27.74 earnings per share for the current year.

Caterpillar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be given a dividend of $1.63 per share. The ex-dividend date is Monday, October 26th. This represents a $6.52 annualized dividend and a dividend yield of 1.0%. Caterpillar’s dividend payout ratio is 28.06%.

Caterpillar Company 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.