26,232 Shares in Caterpillar Inc. $CAT Bought by MidFirst Bank

Key Points

• MidFirst Bank purchased 26,232 Caterpillar shares worth approximately $27.9 million, making CAT its 10th-largest holding and representing about 2% of its portfolio. Institutional investors collectively own 70.98% of Caterpillar.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share and revenue of $20.54 billion, surpassing analyst estimates; revenue increased 23.7% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $995.52.
• The company raised its quarterly dividend 8% to $1.63 per share, but Caterpillar’s valuation—about 34 times earnings—and questions about the durability of construction demand could limit further upside.

MidFirst Bank purchased a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,232 shares of the industrial products company's stock, valued at approximately $27,935,000. Caterpillar makes up approximately 2.0% of MidFirst Bank's portfolio, making the stock its 10th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Decker Retirement Planning Inc. grew its stake in Caterpillar by 440.0% in 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 in the last quarter. Matrix Trust Co lifted its holdings in Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after buying an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new position in Caterpillar during the 2nd quarter worth approximately $36,000. Lam Group Inc. acquired a new position in shares of Caterpillar in the 1st quarter worth approximately $26,000. Finally, Ramsey Quantitative Systems bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $48,000. Institutional investors own 70.98% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CAT. Evercore restated an "outperform" rating and set a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. HSBC raised their price target on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. UBS Group lifted their price target on shares of Caterpillar from $900.00 to $925.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Erste Group Bank downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $995.52.

Trending Headlines about 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 Performance

Shares of CAT opened at $800.11 on Monday. The firm has a fifty day moving average of $893.92 and a 200-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 price-to-earnings-growth ratio of 1.40 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. Caterpillar Inc. has a 1 year low of $410.52 and a 1 year high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating the consensus estimate of $6.22 by $1.95. The firm 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 quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $4.72 EPS. As a group, equities analysts anticipate that Caterpillar Inc. will post 27.14 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a $1.63 dividend. This is a positive change 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 yield of 0.8%. Caterpillar's dividend payout ratio is currently 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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