Amundi Cuts Stock Position in Caterpillar Inc. $CAT

Key Points

• Amundi reduced its Caterpillar stake by 7% in the second quarter, selling 155,292 shares and retaining 2.06 million shares worth approximately $2.20 billion. Institutional investors still own about 70.98% of CAT.
• Caterpillar CEO Joseph E. Creed sold 32,401 shares for roughly $26.2 million, cutting his personal position by 48.39%; company insiders own 0.33% of the stock.
• Despite the selling, analyst sentiment remains positive: Caterpillar has a “Moderate Buy” consensus rating and a $994.17 average price target. The company also beat quarterly estimates with $8.17 in earnings per share and $20.54 billion in revenue.

Amundi trimmed its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 7.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,062,345 shares of the industrial products company's stock after selling 155,292 shares during the quarter. Amundi owned about 0.45% of Caterpillar worth $2,196,191,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. boosted its holdings 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 acquiring an additional 22 shares in the last quarter. Matrix Trust Co increased 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 valued at $33,000 after acquiring an additional 15 shares in the last quarter. Axiom Investment Management LLC purchased a new position in shares of Caterpillar in the 2nd quarter valued at approximately $36,000. Lam Group Inc. purchased a new position in shares of Caterpillar in the 1st quarter valued at approximately $26,000. Finally, Tacita Capital Inc acquired a new stake in Caterpillar in the 2nd quarter worth approximately $47,000. 70.98% of the stock is currently owned by institutional investors.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction on 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 approximately $27,954,303.90. The trade was a 48.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

CAT has been the subject of several research reports. Needham & Company LLC set a $980.00 price objective on shares of Caterpillar in a research note on Thursday. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Royal Bank Of Canada lifted their price target on Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Truist Financial set a $980.00 price target on Caterpillar in a research note on Wednesday, August 5th. Finally, Zacks Research raised Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar currently has a consensus rating of "Moderate Buy" and a consensus price target of $994.17.

Caterpillar Stock Performance

NYSE CAT opened at $783.61 on Tuesday. The stock has a market capitalization of $360.20 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.42 and a beta of 1.60. The stock has a 50-day moving average of $849.85 and a 200 day moving average of $841.00. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. Caterpillar Inc. has a twelve month low of $430.61 and a twelve month 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 EPS for the quarter, beating the consensus estimate of $6.22 by $1.95. The company had revenue of $20.54 billion for 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%.Caterpillar's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $4.72 earnings per share. Sell-side analysts anticipate that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

Key Headlines Impacting Caterpillar

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

About Caterpillar

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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