Oppenheimer 13F: Cuts Caterpillar (CAT) Stake by $4.4M
Key Points
- Oppenheimer's reported value in Caterpillar now stands at about $53.6 million after the trim, which was a 7.5% decrease in shares.
- Oppenheimer held 66,093 $CAT shares at quarter end, down 7.52% from the prior quarter.
- As of October 28, 2026, Caterpillar shares traded recently at $713.56, up about 3.1% since the filing date.
- Oppenheimer holds 1.96% of its total portfolio in Caterpillar, ranking 16th among its 1,752 positions.
Since the filing, $CAT is up 3.1% to date (from the $692.13 close on Oct 26, 2026).
Get Caterpillar text alerts
We text you when insiders, Congress, analysts or big funds move on $CAT.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Caterpillar Inc. alert may contain errors. Disclosures
Oppenheimer trimmed its stake in Caterpillar Inc. (CAT) by 5,377 shares in a filing on October 26, 2026. This reduction brings Oppenheimer's total holdings in the company to 66,093 shares, valued at approximately $53.6 million.
CAT
Caterpillar Inc.
Oppenheimer vs. the S&P 500
Hypothetical returns from Oppenheimer's disclosed trades, not real profit or advice. How we model this.
What Changed in Oppenheimer's Caterpillar Position
Oppenheimer's reduction represents a 7.5% decrease in its holdings. The fund's total reported value in Caterpillar now stands at about $2.73 billion, with this position making up 1.96% of its overall portfolio and ranking 16th among its 1,752 holdings.
Other Institutional Activity in Caterpillar
Several other funds also adjusted their positions in Caterpillar recently. Midwest Trust reduced its stake by 5,496 shares, bringing its total to 136,747 shares worth about $110.9 million. Conversely, UniSuper Management increased its holdings by 44,390 shares to a total of 94,624 shares valued at around $76.7 million. Livforsakringsbolaget Skandia also added 5,280 shares, growing its total to 20,062 shares valued at approximately $16.3 million.
Caterpillar Inc. Stock Up 4.1%
Caterpillar shares closed at $692.13 on the filing date of October 26, 2026. The stock recently traded around $713.56, which is about 3.1% above its closing price on the filing date. However, it remains approximately 33.5% below its 52-week high of $1,073.46 and is trading below both its 50-day and 200-day moving averages by about 10.4% and 11.8%, respectively.
Recent Earnings
Caterpillar reported trailing twelve-month revenue of about $74.7 billion and an EPS of $23.23. The company is scheduled to announce its next earnings on October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
7 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 18.8%. Revenue beat estimates by 3.8%.
-
Profit surprise
EBITDA beat by 32 percent. Operating income beat by 34 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 upgrade, 7 target raises.
-
Earnings quality
Positive free cash flow.
Earnings Call Summary
Caterpillar had a strong first quarter with revenue of 17.4 billion dollars, up 22 percent from last year, and adjusted earnings per share of 5.54 dollars, beating consensus of 4.55 dollars. Backlog hit a record 63 billion dollars, with particularly strong demand for power generation equipment serving data centers. Management is investing aggressively in capacity expansion because customers are committing to long term orders for backup power, prime power, and gas compression applications across multiple industries.
Guidance Caterpillar raised its 2026 sales outlook to low double digit growth from expectations set in January. The company expects continued growth across all three segments driven by strong backlog and resilient end markets, especially in power generation for data centers. Management plans to expand large reciprocating engine capacity to nearly 3 times 2024 levels by 2030.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Caterpillar pays an annual dividend rate of $6.52 per share, which results in a yield of about 0.94%. This payout ratio stands at 26% of earnings.
Insider Buying and Selling at Caterpillar Inc.
Several insiders sold shares earlier this year. Denise C. Johnson, an officer, sold a total of 6,196 shares on May 13, 2026, and another 12,605 shares on May 14, 2026. CEO Joseph E. Creed also sold 32,401 shares on August 28, 2026.
Analysts Set New Price Targets
On October 26, 2026, UBS maintained its Neutral rating on Caterpillar with a price target of $750. Wells Fargo also maintained its Overweight rating with a target of $840. The consensus recommendation remains a Buy with a mean price target of approximately $844.85.
About Caterpillar
Caterpillar Inc. manufactures construction and mining equipment, as well as engines and locomotives. The company serves a global market, providing essential machinery for various industries, which makes it a key player in the industrial sector.
Bottom Line
Investors should keep an eye on Caterpillar's upcoming earnings report on October 29, 2026, and watch for further filings from Oppenheimer and other funds. This recent trim by Oppenheimer reflects a strategic adjustment in its investment approach toward Caterpillar.
Related Filing Alerts
Source: Oppenheimer's 13F filing on $CAT (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts