First Citizens Bank & Trust 13F: Adds $5.7M to CAT Stake
First Citizens Bank adds 7,029 shares of Caterpillar, boosting its stake significantly.
Reviewed by automated data checks against the source filing. How we make and check alerts
First Citizens Bank & Trust added 7,029 shares to its stake in Caterpillar Inc. ($CAT), a 124.06% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 12,695 shares worth $10.29 million at the end of the quarter.
Since the filing, $CAT is down 2.4% to date (from the $748.98 close on Oct 14, 2026).
Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR
CAT
Caterpillar Inc.
Key Points
- First Citizens Bank increased its position in Caterpillar Inc. by 124.1%, adding 7,029 shares to hold a total of 12,695 shares valued at $10.3 million.
- Caterpillar Inc., trading on the NYSE under CAT, has a market cap of $338.2 billion and a P/E ratio of 31.67, with a 52-week range between $510.21 and $1,073.46.
- The company offers a dividend yield of 0.89% with a payout ratio of 0.26, and is recommended as a 'buy' by analysts, with a mean target price of $951.11.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Caterpillar Inc. alert may contain errors. Disclosures
First Citizens Bank & Trust significantly increased its stake in Caterpillar Inc. (NYSE: CAT) according to its latest Form 13F filing with the SEC. The bank added 7,029 shares, boosting its position by 124.1% to a total of 12,695 shares, valued at approximately $10.3 million as of the reporting period.
First Citizens Bank & Trust vs. the S&P 500
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What Changed in First Citizens Bank & Trust's Caterpillar Position
First Citizens Bank & Trust made a notable move by increasing its holdings in Caterpillar from 5,666 shares to 12,695 shares. This addition of 7,029 shares represents a 124.1% increase, reflecting a significant boost in their investment, now worth around $10.3 million.
Caterpillar Inc. Stock Down 2.2%
As of Friday, Caterpillar Inc. (NYSE: CAT) holds a market capitalization of about $338.2 billion. The stock has a P/E ratio of 31.67 and a forward P/E of 22.57, indicating investor expectations of future growth. With a beta of 1.58, the stock has shown higher volatility compared to the market. Caterpillar's 52-week trading range has been between $510.21 and $1,073.46, with a 50-day moving average of $815.28 and a 200-day moving average of $804.97.
Recent Earnings
Caterpillar reported revenue of $74.73 billion, with a revenue growth rate of 24%. The company's net margin stands at 14.51%, and its return on equity is an impressive 56.97%. The next earnings release is scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
7 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 18.8%. Revenue beat estimates by 3.8%.
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Profit surprise
EBITDA beat by 32 percent. Operating income beat by 34 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 7 target raises.
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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 offers a dividend yield of 0.89%, with an annual payout ratio of 26%. This makes it an attractive option for income-focused investors.
About Caterpillar Inc.
Caterpillar Inc., headquartered in Irving, Texas, is a global leader in manufacturing construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Led by CEO Joseph E. Creed, the company employs around 118,000 people. Caterpillar operates in the industrial sector, specifically within the farm and heavy construction machinery industry.
Bottom Line
First Citizens Bank & Trust's decision to increase its stake in Caterpillar Inc. by over 124% underscores its confidence in the company's prospects. As a major player in the industrial sector, Caterpillar continues to be a closely watched stock. Investors should note that 13F filings are historical records and may not reflect current positions.
Related Filing Alerts
Source: First Citizens Bank & Trust's 13F filing on $CAT (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts