Caterpillar Inc. $CAT Stock: M&G PLC Boosts Stake

M&G PLC raised its stake in shares of Caterpillar Inc. (NYSE:CAT) by 377.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,151 shares of the industrial products company’s stock after buying an additional 15,927 shares during the quarter. M&G PLC’s holdings in Caterpillar were worth $16,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CAT. Kestra Investment Management LLC lifted its stake in Caterpillar by 49.6% in the 3rd quarter. Kestra Investment Management LLC now owns 2,792 shares of the industrial products company’s stock worth $2,264,000 after purchasing an additional 926 shares in the last quarter. AlphaCore Capital LLC grew its position in shares of Caterpillar by 18.8% during the third quarter. AlphaCore Capital LLC now owns 5,144 shares of the industrial products company’s stock valued at $4,171,000 after purchasing an additional 813 shares in the last quarter. Clear Wave Wealth Management LLC grew its position in shares of Caterpillar by 26.2% during the third quarter. Clear Wave Wealth Management LLC now owns 487 shares of the industrial products company’s stock valued at $395,000 after purchasing an additional 101 shares in the last quarter. Fulcrum Asset Management LLP grew its position in shares of Caterpillar by 13.1% during the third quarter. Fulcrum Asset Management LLP now owns 8,097 shares of the industrial products company’s stock valued at $6,693,000 after purchasing an additional 939 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Caterpillar by 9.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 35,448 shares of the industrial products company’s stock worth $29,293,000 after purchasing an additional 2,991 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. President Capital assumed coverage on Caterpillar in a research report on Friday, September 18th. They issued a “buy” rating and a $999.00 target price on the stock. Barclays raised their price target on Caterpillar from $800.00 to $900.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Truist Financial restated 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, October 30th. UBS Group reduced their price objective on Caterpillar from $925.00 to $750.00 and set a “neutral” rating on the stock in a research note on Monday, October 26th. Finally, Wall Street Zen cut Caterpillar from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Fifteen investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $898.25.

Key Headlines Impacting Caterpillar

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

Insider Activity at Caterpillar

In related news, Director James C. Fish, Jr. acquired 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was acquired at an average cost of $620.39 per share, with a total value of $620,390.00. Following the purchase, the director directly owned 4,714 shares of the company’s stock, valued at approximately $2,924,518.46. This trade represents a 26.93% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Joseph Creed sold 32,401 shares of Caterpillar 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 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 SEC filing for this sale provides additional information. Insiders own 0.33% of the company’s stock.

Caterpillar Stock Performance

Shares of NYSE:CAT opened at $584.28 on Wednesday. Caterpillar Inc. has a 52 week low of $537.08 and a 52 week high of $1,073.46. The stock has a market capitalization of $267.36 billion, a P/E ratio of 22.97, a PEG ratio of 1.04 and a beta of 1.65. The firm has a fifty day simple moving average of $751.89 and a two-hundred day simple moving average of $805.68. The company has a quick ratio of 0.88, a current ratio of 1.42 and a debt-to-equity ratio of 1.50.

Caterpillar (NYSE:CAT) last posted its earnings results on Thursday, October 29th. The industrial products company reported $7.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.06 by $0.14. The firm had revenue of $20.68 billion for the quarter, compared to the consensus estimate of $20.76 billion. Caterpillar had a net margin of 15.21% and a return on equity of 59.87%. The business’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.95 EPS. On average, analysts expect that Caterpillar Inc. will post 27.38 earnings per share for the current fiscal year.

Caterpillar Announces Dividend

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

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.