49 Wealth Management LLC Buys Shares of 1,545 Caterpillar Inc. $CAT

Key Points

• 49 Wealth Management acquired 1,545 Caterpillar shares worth approximately $1.65 million, while institutional investors collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 and revenue of $20.54 billion, beating estimates; its power-generation backlog reportedly reached $72 billion amid data-center and AI infrastructure demand.
• Despite a “Moderate Buy” consensus and a $995.52 average price target, CAT trades at a demanding P/E of 35.34 after a major rally. CEO Joseph Creed also sold 32,401 shares worth $26.2 million, reducing his ownership by 48.39%.

49 Wealth Management LLC acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,545 shares of the industrial products company's stock, valued at approximately $1,646,000.

Other institutional investors also recently bought and sold shares of the company. Lam Group Inc. purchased a new stake in Caterpillar in the first quarter valued at approximately $26,000. Frazier Financial Advisors LLC lifted its stake in Caterpillar by 220.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock valued at $28,000 after acquiring an additional 33 shares during the period. Decker Retirement Planning Inc. boosted its holdings in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 22 shares during the last quarter. Cornerstone Financial Management LLC acquired a new stake in shares of Caterpillar in the fourth quarter worth $32,000. Finally, Matrix Trust Co raised its holdings in shares of Caterpillar by 93.8% during the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after purchasing an additional 15 shares during the last quarter. 70.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction 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 $27,954,303.90. The trade was a 48.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by company insiders.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s power-generation backlog reportedly reached $72 billion, reinforcing the view that demand from data centers and AI-related infrastructure could make the company less dependent on the traditional construction cycle. Caterpillar's Power Generation Backlog Just Hit $72 Billion
• Positive Sentiment: Recent coverage points to Caterpillar’s record backlog, strong earnings and raised 2026 outlook as key reasons for its roughly 95% one-year gain. The company’s latest reported quarter also exceeded EPS and revenue expectations, supporting investor confidence in its operating momentum. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?
• Positive Sentiment: Chief Digital Officer Ogi Redzic described how AI is changing construction work, highlighting Caterpillar’s efforts to use digital tools and automation to improve equipment productivity and customer operations. This could strengthen the company’s longer-term technology and services opportunity. Caterpillar’s Digital Chief Ogi Redzic on How A.I. Is Redefining Construction Work
• Neutral Sentiment: Industry coverage continues to identify Caterpillar as a leading construction-equipment company, supported by its global dealer network and cash-generation capabilities. However, the equipment showcase itself does not provide a new financial catalyst. Caterpillar vs. Corning: Which Stock Is a Better Buy in 2026?
• Negative Sentiment: At approximately 34 times earnings, Caterpillar trades at a demanding valuation after its major rally. Analysts note that the premium leaves the stock vulnerable to profit-taking or disappointment if backlog conversion, margins or the 2026 outlook weaken. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?

Caterpillar Trading Up 0.9%

CAT stock opened at $821.25 on Wednesday. Caterpillar Inc. has a 52-week low of $416.44 and a 52-week 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. The firm has a market cap of $377.50 billion, a P/E ratio of 35.34, a PEG ratio of 1.41 and a beta of 1.60. The company's 50-day simple moving average is $863.27 and its 200-day simple moving average is $839.74.

Caterpillar (NYSE:CAT - Get Free Report) last released 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 company had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.Caterpillar's quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.72 EPS. As a group, equities analysts forecast that Caterpillar Inc. will post 27.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CAT has been the subject of a number of recent research reports. Barclays lifted their price objective on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 17th. Rothschild & Co Redburn raised their target price on Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Weiss Ratings raised Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Finally, Wells Fargo & Company upped their price objective on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company's products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.

The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.

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