1,189 Caterpillar Inc. $CAT Shares Bought by Narwhal Capital Management

Narwhal Capital Management lifted its stake in shares of Caterpillar Inc. (NYSE:CAT) by 5.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,369 shares of the industrial products company’s stock after acquiring an additional 1,189 shares during the period. Caterpillar makes up 1.3% of Narwhal Capital Management’s investment portfolio, making the stock its 20th biggest position. Narwhal Capital Management’s holdings in Caterpillar were worth $18,947,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC purchased a new position in shares of Caterpillar during the second quarter valued at about $5,372,000. D.B. Root & Company LLC bought a new position in Caterpillar in the second quarter worth about $850,000. Dearborn Partners LLC purchased a new stake in Caterpillar in the second quarter worth about $20,293,000. B. Metzler seel. Sohn & Co. AG boosted its position in Caterpillar by 4.3% during the 2nd 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 acquiring an additional 2,590 shares in the last quarter. Finally, Van Hulzen Asset Management LLC boosted its position in Caterpillar by 85.3% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,809 shares of the industrial products company’s stock valued at $2,991,000 after acquiring an additional 1,293 shares in the last quarter. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Anthropic reportedly agreed to take over a $3.4 billion order for 1.7 gigawatts of Caterpillar gas generators originally placed by OnePWR. The deal highlights AI-related demand for power equipment and could support Caterpillar’s Power & Energy business, although it is a transfer of an existing order rather than necessarily an entirely new one. Article: Caterpillar Stocks Jump as Anthropic Takes Over Generator Order
• Positive Sentiment: Caterpillar reported record third-quarter revenue and net income, reaffirmed expectations for moderate fourth-quarter sales growth, and forecast full-year 2026 revenue growth in the mid-to-high teens. These results and guidance provide a strong operating backdrop for the stock. Article: How AI Power Order Will Impact Caterpillar Investors
• Positive Sentiment: A report says Caterpillar is among stocks insiders are buying after the recent market sell-off, which may bolster investor confidence, though the headline does not provide details on the purchases. Article: Caterpillar Among Names Insiders Are Loading Up On
• Neutral Sentiment: The recent rebound following the generator-order news may leave shares vulnerable to profit-taking. Michael Burry reportedly trimmed his bearish options position, but that change in one investor’s trade is not a fundamental indicator. Article: Michael Burry Trims Caterpillar Bearish Bet

Caterpillar Trading Down 2.4%

Shares of NYSE CAT opened at $584.28 on Wednesday. Caterpillar Inc. has a 1 year low of $537.08 and a 1 year high of $1,073.46. The stock has a market cap of $267.36 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The firm has a 50-day moving average of $751.89 and a 200 day moving average of $805.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88.

Caterpillar (NYSE:CAT) last posted its quarterly earnings data 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 business had revenue of $20.68 billion for the quarter, compared to analyst estimates of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. Caterpillar’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, sell-side analysts expect that Caterpillar Inc. will post 27.38 EPS for the current fiscal year.

Caterpillar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio (DPR) is presently 25.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CAT shares. Erste Group Bank downgraded Caterpillar from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Needham & Company LLC set a $980.00 target price on Caterpillar in a research note on Thursday, September 10th. DA Davidson dropped their price target on Caterpillar from $882.00 to $685.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Zacks Research lowered Caterpillar from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Weiss Ratings cut Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Fifteen equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar presently has an average rating of “Moderate Buy” and a consensus price target of $898.25.

Insider Activity at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of the business’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 sale, the chief executive officer directly owned 34,555 shares of the company’s stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director C Jr purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was bought at an average price of $620.39 per share, for a total transaction of $620,390.00. Following the purchase, the director directly owned 4,714 shares in the company, valued at $2,924,518.46. The trade was a 26.93% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.33% of the stock is currently owned by company insiders.

About Caterpillar

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.