10,528 Shares in Caterpillar Inc. $CAT Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 10,528 shares of the industrial products company's stock, valued at approximately $11,212,000.

Several other hedge funds also recently made changes to their positions in CAT. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% during the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after purchasing an additional 22 shares during the period. Matrix Trust Co increased its stake in Caterpillar by 93.8% in the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after purchasing an additional 15 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in Caterpillar during the 2nd quarter worth about $36,000. Lam Group Inc. acquired a new stake in Caterpillar during the 1st quarter worth about $26,000. Finally, Ramsey Quantitative Systems purchased a new stake in Caterpillar during the second quarter valued at about $48,000. Institutional investors and hedge funds own 70.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. UBS Group raised their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Truist Financial set a $980.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. Rothschild & Co Redburn increased their target price on Caterpillar from $700.00 to $950.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Finally, Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, Caterpillar presently has an average rating of "Moderate Buy" and a consensus target price of $995.52.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s Construction Industries segment generated 35% revenue growth in the second quarter, supported by stronger demand, higher sales volumes and pricing. Digital technology and connected-equipment services could provide additional long-term growth opportunities. CAT's Construction Revenues Up 35% in Q2: Can It Maintain This Pace?
• Positive Sentiment: Analysts point to favorable earnings-estimate revisions and recent price strength as potential catalysts. Caterpillar’s latest quarterly results also showed substantial year-over-year revenue and earnings growth, with results exceeding consensus expectations. Why Caterpillar (CAT) Might be Well Poised for a Surge
• Positive Sentiment: The company raised its quarterly dividend 8% to $1.63 per share and has now increased its annual dividend for 32 consecutive years, reinforcing Caterpillar’s appeal as an income-growth stock. However, the benefit is partly offset by the stock’s high price and consequently low yield. Caterpillar’s Dividend Case Is Stronger in 2026, But the Yield Is Holding It Back
• Neutral Sentiment: CEO Joe Creed is scheduled to participate in a Wells Fargo investor discussion on September 10. The event could provide updates on demand, dealer inventories and guidance, but it is not an immediate earnings catalyst. Caterpillar CEO Joe Creed to Participate in Virtual Headquarters Visit with Wells Fargo
• Negative Sentiment: One analysis questions whether construction demand is being driven by durable end-market activity or dealer-channel ordering. That uncertainty raises concerns about a possible slowdown or inventory adjustment after the recent surge. Is Caterpillar Stock Relying on an Artificial Demand Story?
• Negative Sentiment: At a valuation above 34 times earnings, Caterpillar leaves less room for disappointment. Investors are also cautious that its data-center-related exposure could face political scrutiny, while the dividend yield remains limited at the current valuation.

Caterpillar Stock Down 0.0%

CAT stock opened at $800.11 on Monday. The company has a 50 day moving average of $893.92 and a two-hundred day moving average of $837.81. The company has a market cap of $367.79 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 1.40 and a beta of 1.60. Caterpillar Inc. has a 12-month low of $410.52 and a 12-month high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. The business had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.72 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 27.14 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were paid a dividend of $1.63 per share. This is a boost from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar's dividend payout ratio (DPR) is 28.06%.

Caterpillar Profile

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.

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