Cerity Partners LLC Cuts Holdings in Caterpillar Inc. $CAT

Cerity Partners LLC reduced its position in shares of Caterpillar Inc. (NYSE:CAT) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,954 shares of the industrial products company’s stock after selling 2,375 shares during the quarter. Cerity Partners LLC owned 0.06% of Caterpillar worth $123,138,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in Caterpillar by 36,842.1% in the second quarter. Valeo Financial Advisors LLC now owns 7,299,751 shares of the industrial products company’s stock valued at $2,833,836,000 after purchasing an additional 7,279,991 shares during the period. Norges Bank purchased a new position in shares of Caterpillar during the 2nd quarter valued at approximately $2,165,899,000. Assenagon Asset Management S.A. grew its stake in Caterpillar by 546.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 843,093 shares of the industrial products company’s stock valued at $327,297,000 after acquiring an additional 712,711 shares during the period. Marshall Wace LLP increased its holdings in Caterpillar by 425.2% in the 2nd quarter. Marshall Wace LLP now owns 761,800 shares of the industrial products company’s stock worth $295,738,000 after acquiring an additional 616,739 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Caterpillar by 36.9% during the third quarter. Voya Investment Management LLC now owns 1,777,589 shares of the industrial products company’s stock worth $848,177,000 after acquiring an additional 478,972 shares during the period. Institutional investors and hedge funds own 70.98% of the company’s stock.

Wall Street Analyst Weigh In

CAT has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Caterpillar from $476.00 to $630.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Argus boosted their price objective on Caterpillar from $460.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Hsbc Global Res upgraded Caterpillar from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Truist Financial reiterated a “buy” rating and set a $729.00 price target (up from $582.00) on shares of Caterpillar in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada started coverage on Caterpillar in a research note on Wednesday, October 22nd. They issued a “sector perform” rating and a $560.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $618.70.

Insiders Place Their Bets

In related news, insider Anthony D. Fassino sold 8,184 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $570.18, for a total value of $4,666,353.12. Following the completion of the transaction, the insider directly owned 41,512 shares in the company, valued at approximately $23,669,312.16. This represents a 16.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Maclennan bought 300 shares of the business’s stock in a transaction on Thursday, November 6th. The shares were acquired at an average cost of $568.86 per share, with a total value of $170,658.00. Following the purchase, the director owned 7,947 shares of the company’s stock, valued at $4,520,730.42. The trade was a 3.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 71,895 shares of company stock worth $39,758,116. 0.33% of the stock is currently owned by company insiders.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Leadership continuity: CEO Joe Creed was elected Executive Chairman, succeeding D. James Umpleby III (retiring April 1) — a planned succession that reduces governance uncertainty and signals management stability. Caterpillar Chief Executive Officer Joe Creed Elected Chairman of the Board
• Positive Sentiment: Product/technology catalyst: Caterpillar unveiled its Cat AI Assistant at CES to streamline buying, maintenance and operations — a visible push into industrial AI/autonomy that supports aftermarket services and recurring-revenue opportunities. Caterpillar Introduces Cat AI Assistant
• Positive Sentiment: AI/data‑center demand: Coverage highlights Caterpillar’s pivot into power‑generation for AI data centers and growing Energy & Transportation backlogs — a meaningful revenue driver that underpins recent multiple expansion. Caterpillar’s AI Data Center Engine Bet Could Be A Game Changer For Caterpillar (CAT)
• Neutral Sentiment: Options flow: Unusual call buying was reported (call volume well above average), which can indicate bullish positioning or short-term speculation; useful as a sentiment read but not definitive for fundamentals.
• Neutral Sentiment: Analyst interest: Several firms have raised targets and reiterated buy/outperform views (MarketBeat roundups show elevated price targets), providing reference points for upside but also reflecting consensus expectations. Caterpillar Stock Could Top $650 by Year’s End
• Negative Sentiment: Valuation/near‑term caution: Some analysts and commentaries argue much of the AI/data‑center story is already priced in and recommend trimming or a Hold given consolidation risk after a large run. Caterpillar Roars On AI Power Demand, But Easy Money Has Been Made (Downgrade)
• Negative Sentiment: Insider selling: CFO Andrew Bonfield sold 10,000 shares (filed with the SEC), an action that may be read as profit‑taking amid the rally. Caterpillar (NYSE:CAT) CFO Andrew Bonfield Sells 10,000 Shares
• Negative Sentiment: Institutional trimming: Reports show at least one large manager modestly reduced its position, a common post‑rally rebalancing signal that can add selling pressure. Asset Management One Co. Ltd. Reduces Position in Caterpillar Inc. $CAT

Caterpillar Stock Performance

Shares of Caterpillar stock opened at $623.27 on Wednesday. The business’s 50 day moving average price is $577.79 and its 200 day moving average price is $489.78. The company has a market cap of $291.68 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 2.43 and a beta of 1.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.86 and a current ratio of 1.38. Caterpillar Inc. has a one year low of $267.30 and a one year high of $627.50.

Caterpillar (NYSE:CAT) last issued its earnings results on Monday, November 3rd. The industrial products company reported $4.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.52 by $0.43. The business had revenue of $17.64 billion during the quarter, compared to the consensus estimate of $16.72 billion. Caterpillar had a return on equity of 47.16% and a net margin of 14.34%.The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $5.17 EPS. On average, research analysts predict that Caterpillar Inc. will post 19.86 EPS for the current year.

Caterpillar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Tuesday, January 20th will be issued a $1.51 dividend. This represents a $6.04 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, January 20th. Caterpillar’s payout ratio is presently 31.01%.

About Caterpillar

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.