Assetmark Inc. Reduces Holdings in Caterpillar Inc. $CAT

Assetmark Inc. decreased its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 28.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,583 shares of the industrial products company's stock after selling 5,931 shares during the period. Assetmark Inc.'s holdings in Caterpillar were worth $15,530,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. grew its position in shares of Caterpillar by 1.8% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,290 shares of the industrial products company's stock worth $18,412,000 after buying an additional 311 shares during the period. Planning Center Inc. increased its stake in Caterpillar by 3.0% during the 2nd quarter. Planning Center Inc. now owns 1,666 shares of the industrial products company's stock valued at $1,774,000 after purchasing an additional 48 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Caterpillar by 22.7% in the second quarter. Chicago Partners Investment Group LLC now owns 4,237 shares of the industrial products company's stock worth $4,512,000 after buying an additional 784 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Caterpillar by 12.2% during the second quarter. Diversify Wealth Management LLC now owns 6,151 shares of the industrial products company's stock valued at $6,550,000 after buying an additional 670 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of Caterpillar by 6.8% during the second quarter. Ethic Inc. now owns 59,981 shares of the industrial products company's stock valued at $63,874,000 after acquiring an additional 3,826 shares in the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Margins and 2026 outlook improved. Caterpillar’s second-quarter adjusted operating margin increased 430 basis points as higher sales volumes and pricing more than offset tariff-related costs and other expenses. The improvement helped support an upgraded 2026 outlook. Caterpillar's Q2 Adjusted Operating Margin Rebounds: Is the Worst Over?
• Positive Sentiment: Record performance and backlog remain supportive. Recent coverage highlighted quarterly revenue of roughly $20.5 billion, a sizable earnings beat, year-over-year revenue growth of approximately 24%, and a strong backlog. These factors suggest continued demand for Caterpillar’s construction, mining, and industrial equipment.
• Neutral Sentiment: Analyst targets imply potential upside but also a high bar. Recent price targets have a median of $990, with estimates ranging from $845 to $1,218. However, Caterpillar’s elevated forward valuation leaves the stock sensitive to any slowdown in orders, margins, or economic growth.
• Neutral Sentiment: Relative performance coverage offers limited direction. Articles comparing Caterpillar with Gorman-Rupp and the broader industrial-products sector provide context on performance but do not identify a new fundamental catalyst for CAT.
• Negative Sentiment: Macro concerns are overshadowing company-specific strength. Investor discussions point to interest-rate uncertainty and broader industrial-sector worries as reasons for selling pressure following the earnings outperformance. The stock has also pulled back notably from its recent high, increasing focus on its valuation.
• Negative Sentiment: Insider selling and bearish positioning add pressure. QuiverQuant data shows substantially more insider sales than purchases over the past six months, while Michael Burry is reportedly betting against CAT. These signals may reinforce caution, although insider transactions can reflect portfolio and compensation decisions rather than a direct view of fundamentals.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CAT shares. Oppenheimer reaffirmed an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Barclays boosted 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. HSBC lifted their target price on shares of Caterpillar from $850.00 to $1,100.00 in a research note on Tuesday, May 5th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $1,002.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Price Performance

CAT stock opened at $812.10 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The company's fifty day moving average price is $906.43 and its 200-day moving average price is $834.90. Caterpillar Inc. has a one year low of $410.52 and a one year high of $1,073.46. The company has a market capitalization of $373.30 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 1.45 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results 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 company had revenue of $20.54 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the company posted $4.72 earnings per share. On average, equities analysts anticipate that Caterpillar Inc. will post 27.14 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. 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 Company 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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