Allworth Financial LP Sells 4,746 Shares of Caterpillar Inc. $CAT

Key Points

• Allworth Financial reduced its Caterpillar position by 5.6% in the second quarter, selling 4,746 shares and retaining 79,655 shares valued at approximately $84.8 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar CEO Joseph Creed sold 32,401 shares worth about $26.2 million, reducing his ownership by 48.39%. The stock was trading down 4.3% at $783.61, amid concerns that enthusiasm for the data-center power trade may be fading.
• Caterpillar reported stronger-than-expected quarterly results, with $8.17 in EPS and $20.54 billion in revenue, up 23.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $994.17.

Allworth Financial LP lowered its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,655 shares of the industrial products company's stock after selling 4,746 shares during the period. Allworth Financial LP's holdings in Caterpillar were worth $84,825,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CAT. Arizona State Retirement System raised its position in shares of Caterpillar by 0.7% during the second quarter. Arizona State Retirement System now owns 129,108 shares of the industrial products company's stock valued at $137,487,000 after buying an additional 856 shares during the last quarter. West Family Investments Inc. boosted its position in shares of Caterpillar by 18.8% during the second quarter. West Family Investments Inc. now owns 1,461 shares of the industrial products company's stock worth $1,556,000 after acquiring an additional 231 shares during the last quarter. Empirical Finance LLC grew its stake in Caterpillar by 2.7% during the second quarter. Empirical Finance LLC now owns 19,601 shares of the industrial products company's stock valued at $20,873,000 after acquiring an additional 520 shares in the last quarter. Nykredit A S bought a new stake in Caterpillar in the 2nd quarter valued at $162,619,000. Finally, MLG Wealth Management DBA Pine Grove Financial Group lifted its stake in Caterpillar by 24.0% in the 2nd quarter. MLG Wealth Management DBA Pine Grove Financial Group now owns 398 shares of the industrial products company's stock worth $424,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar was added to the Zacks Rank #1 (Strong Buy) list, reflecting favorable momentum and recent analyst sentiment. New Strong Buy Stocks for September 14th
• Positive Sentiment: Zacks also identified CAT as a wide-moat company, citing durable competitive advantages, growth prospects and favorable demand across its markets. Buy These 5 Top-Ranked Wide Moat Stocks
• Positive Sentiment: Caterpillar was highlighted as an AI-exposure and dividend stock, suggesting investors may view its equipment and technology businesses as beneficiaries of data-center and infrastructure spending while receiving shareholder distributions. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: Recent coverage also pointed to an analyst upgrade and higher earnings estimates, while Caterpillar’s partnership with FieldAI could expand its exposure to physical AI, robotics and digital twins. Erste Group Bank Lifts Earnings Estimates for Caterpillar Caterpillar And FieldAI Partner on Physical AI
• Neutral Sentiment: Several articles presented Caterpillar as a long-term investment idea, but these list inclusions do not represent new company-specific operating results or guidance.
• Negative Sentiment: The main near-term pressure came from concerns that the data-center power trade may be unwinding. Caterpillar fell alongside industrial names even as Deere held up better, indicating profit-taking or reduced enthusiasm for CAT’s AI-infrastructure narrative. Caterpillar Falls While Deere Edges Higher

Insider Buying and Selling

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $808.98, for a total value 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. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

Caterpillar Trading Down 4.3%

Shares of NYSE CAT opened at $783.61 on Tuesday. Caterpillar Inc. has a 1-year low of $430.61 and a 1-year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The business's 50 day moving average is $849.85 and its two-hundred day moving average is $841.00. The stock has a market capitalization of $360.20 billion, a P/E ratio of 33.72, a PEG ratio of 1.42 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company earned $4.72 EPS. As a group, research analysts expect that Caterpillar Inc. will post 27.37 EPS for the current year.

Wall Street Analyst Weigh In

CAT has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. Freedom Broker raised Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price target for the company in a research note on Thursday, September 10th. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Finally, Erste Group Bank cut Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $994.17.

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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