Caterpillar Inc. $CAT Stock Purchased by Traynor Capital Management Inc.

02 Nov 2026, 09:09 by Amy Steele · The Cerbat Gem

Traynor Capital Management Inc. boosted its holdings in shares of Caterpillar Inc. (NYSE:CAT – Free Report) by 4.8% in the third quarter, HoldingsChannel reports. The firm owned 22,147 shares of the industrial products company’s stock after buying an additional 1,017 shares during the period. Caterpillar accounts for about 0.8% of Traynor Capital Management Inc.’s holdings, making the stock its 23rd biggest holding. Traynor Capital Management Inc.’s holdings in Caterpillar were worth $17,957,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CAT. BlackRock Inc. purchased a new position in shares of Caterpillar during the 2nd quarter valued at about $40,457,153,000. State Street Corp boosted its stake in shares of Caterpillar by 4.0% in the second quarter. State Street Corp now owns 36,276,960 shares of the industrial products company’s stock worth $37,120,529,000 after buying an additional 1,396,356 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Caterpillar in the second quarter worth about $5,818,150,000. Bank of New York Mellon Corp purchased a new stake in shares of Caterpillar in the second quarter worth about $3,192,710,000. Finally, Legal & General Group Plc acquired a new stake in Caterpillar during the second quarter worth about $2,783,451,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Joseph E. Creed sold 32,401 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 34,555 shares of the company’s stock, valued at approximately $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley reduced their price target on Caterpillar from $915.00 to $675.00 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings lowered Caterpillar from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Robert W. Baird set a $970.00 price objective on shares of Caterpillar in a research note on Wednesday, August 5th. Oppenheimer reaffirmed an “outperform” rating and set a $1,009.00 target price on shares of Caterpillar in a report on Thursday. Finally, Wells Fargo & Company decreased their target price on shares of Caterpillar from $1,155.00 to $840.00 and set an “overweight” rating for the company in a research note on Monday, October 26th. Fifteen research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $913.96.

Get Our Latest Analysis on CAT

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

Positive Sentiment: Caterpillar’s third-quarter revenue increased 17.3% year over year to $20.68 billion, while adjusted earnings of $7.20 per share exceeded consensus by $0.14. The results reinforce the company’s earnings momentum. CAT Q3 deep dive: capacity expansion and backlog growth shape outlook amid market caution
Positive Sentiment: Third-quarter order backlog reached a record $78 billion, extending delivery timelines well into the next decade. Power-generation sales to end users rose 75%, helped by demand from data centers, supporting Caterpillar’s longer-term growth outlook. Caterpillar: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: Truist reiterated a “Buy” rating. A separate global-bank analysis argued that the market may be overlooking Caterpillar’s backlog and secular data-center power demand, with substantial upside possible if execution remains strong. Caterpillar Crashed By 25% Over 6 Months But This Global Banking Giant Says 85% Gains Will Come
Neutral Sentiment: Truist reduced its price target to $1,027 from $1,100 while retaining its Buy rating. The lower target reflects greater caution but still implies significant potential appreciation from recent trading levels. Could Caterpillar Actually Climb 65% After Its Earnings Slide? Or Is Truist Totally Wrong?
Negative Sentiment: Royal Bank of Canada and Citigroup trimmed their Caterpillar price targets, adding to investor concerns that valuation, cyclical demand and execution risks may limit near-term gains. RBC price target reduction Citi price target trim
Negative Sentiment: Morgan Stanley and JPMorgan issued pessimistic forecasts, while an analyst downgrade recently sent CAT shares lower. The cluster of cautious calls is likely weighing on the stock despite the earnings beat. Morgan Stanley forecast JPMorgan forecast

Caterpillar Trading Down 0.0%

Shares of CAT stock opened at $622.73 on Monday. Caterpillar Inc. has a 1-year low of $537.08 and a 1-year high of $1,073.46. The company has a market cap of $286.25 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.07 and a beta of 1.65. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.42 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $783.25 and a 200-day simple moving average of $807.52.

Caterpillar (NYSE:CAT – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $20.68 billion for the quarter, compared to analysts’ expectations of $20.76 billion. Caterpillar had a return on equity of 59.87% and a net margin of 15.21%. Caterpillar’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 EPS. On average, equities research analysts expect that Caterpillar Inc. will post 27.75 EPS for the current fiscal year.

Caterpillar Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Monday, October 26th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, October 26th. Caterpillar’s dividend payout ratio is presently 25.58%.

About Caterpillar

(Free Report)

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.