Caterpillar (NYSE:CAT) Shares Up 1% – Here’s What Happened

Caterpillar Inc. (NYSE:CAT) shares rose 1% during mid-day trading on Friday. The stock traded as high as $572.00 and last traded at $559.3170. Approximately 4,733,500 shares changed hands during mid-day trading, an increase of 63% from the average daily volume of 2,904,815 shares. The stock had previously closed at $553.64.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Strong results and backlog support the outlook. Caterpillar’s third-quarter earnings beat estimates, while its $78.1 billion backlog, stronger cash flow and expanding margins point to solid demand. The company is also expanding capacity to meet power-generation demand. Article: CAT Shares Fall Despite Q3 Earnings Beat
• Neutral Sentiment: Upcoming investor event. Construction Industries Group President Rod Shurman is scheduled to take part in a Bernstein-hosted fireside chat on Nov. 17; no new financial guidance was announced. Article: Caterpillar executive to participate in Bernstein fireside chat
• Negative Sentiment: AI-trade selling and valuation concerns weigh on the stock. Investors have been selling Caterpillar alongside other industrial companies amid worries that AI-related investment could slow. The market increasingly treats CAT as a data-center power play, exposing it to shifts in sentiment even though power generation accounted for about 15% of 2025 sales. Article: AI selloff spreads to industrials
• Negative Sentiment: Execution and cyclical risks remain. Reports cite orders falling, dealers trimming inventories, and tariffs, manufacturing costs and production constraints pressuring margins. Morgan Stanley also cut its price target by 26% after earnings, highlighting the risk of a cyclical test despite the backlog. Article: Morgan Stanley cuts Caterpillar price target

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group cut 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, October 26th. Citigroup decreased their price target on shares of Caterpillar from $950.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, October 30th. Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, DA Davidson reduced their price objective on Caterpillar from $882.00 to $685.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of “Moderate Buy” and an average price target of $898.25.

Caterpillar Trading Up 1.0%

The company has a fifty day simple moving average of $760.19 and a 200-day simple moving average of $806.23. The company has a current ratio of 1.42, a quick ratio of 0.88 and a debt-to-equity ratio of 1.50. The stock has a market cap of $255.94 billion, a price-to-earnings ratio of 21.94, a P/E/G ratio of 0.96 and a beta of 1.65.

Caterpillar (NYSE:CAT) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the company posted $4.95 earnings per share. On average, research analysts forecast that Caterpillar Inc. will post 27.39 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Monday, October 26th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is 25.58%.

Insider Buying and Selling

In related news, CEO Joseph E. Creed sold 32,401 shares of the firm’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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director C Jr acquired 1,000 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the completion of the transaction, the director owned 4,714 shares in the company, valued at approximately $2,924,518.46. This represents a 26.93% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Caterpillar

Hedge funds have recently bought and sold shares of the business. Diversify Advisory Services LLC bought a new stake in Caterpillar in the 2nd quarter valued at approximately $5,372,000. D.B. Root & Company LLC acquired a new position in Caterpillar during the 2nd quarter worth approximately $850,000. Dearborn Partners LLC bought a new position in shares of Caterpillar during the 2nd quarter worth approximately $20,293,000. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company’s stock valued at $66,802,000 after purchasing an additional 2,590 shares during the last quarter. Finally, Van Hulzen Asset Management LLC raised its holdings in shares of Caterpillar by 85.3% in the second quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after purchasing an additional 1,293 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, engines, turbines, and related products and services. Its offerings include earthmoving and material-handling machines, diesel and natural gas engines, power-generation systems, and equipment and technologies used in mining and transportation. The company’s products are commonly sold under the Cat brand.

Caterpillar serves customers in markets around the world through a network of independent dealers. Its businesses also provide parts, maintenance, equipment rental, and other support services, as well as financing and insurance through its financial services operations.

The company was formed in 1925 through the merger of the Holt Manufacturing Company and the C.