AssuredPartners Investment Advisors LLC Acquires Shares of 2,699 Caterpillar Inc. $CAT

Key Points

• AssuredPartners Investment Advisors acquired 2,699 Caterpillar shares valued at approximately $2.9 million, while institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, beating estimates and increasing 23.7% year over year. The company also raised its quarterly dividend to $1.63 per share.
• Shares opened at $778.59, below the average analyst price target of $995.52; analysts maintain a “Moderate Buy” consensus, though CEO Joseph Creed’s $26.2 million stock sale and the company’s elevated valuation remain potential concerns.

AssuredPartners Investment Advisors LLC acquired a new position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,699 shares of the industrial products company's stock, valued at approximately $2,875,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CAT. BlackRock Inc. purchased a new stake in shares of Caterpillar during the second quarter worth about $40,457,153,000. Diamant Asset Management Inc. increased its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock worth $2,224,992,000 after purchasing an additional 3,136,020 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Caterpillar in the 2nd quarter valued at $3,192,710,000. Ascentis Wealth Management LLC boosted its stake in Caterpillar by 110,539.0% during the 2nd quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company's stock worth $2,711,772,000 after purchasing an additional 2,515,867 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of Caterpillar during the fourth quarter worth $1,225,317,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Stock Down 2.4%

Caterpillar stock opened at $778.59 on Wednesday. The stock's fifty day simple moving average is $885.31 and its 200-day simple moving average is $838.23. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $357.89 billion, a P/E ratio of 33.50, a P/E/G ratio of 1.38 and a beta of 1.60. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the firm earned $4.72 earnings per share. The firm's quarterly revenue was up 23.7% on a year-over-year basis. As a group, equities analysts expect that Caterpillar Inc. will post 27.35 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm 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 of this dividend was Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's payout ratio is currently 28.06%.

Insider Activity at Caterpillar

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial set a $980.00 price target on shares of Caterpillar in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the company an "overweight" rating in a research note on Wednesday, June 17th. Oppenheimer reiterated an "outperform" rating and set a $1,118.00 price objective on shares of Caterpillar in a research report on Tuesday, August 4th. Barclays boosted their price objective on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 6th. Finally, Evercore reissued an "outperform" rating and set a $1,103.00 price target on shares of Caterpillar in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Caterpillar has an average rating of "Moderate Buy" and an average target price of $995.52.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher earnings expectations: Erste Group Bank raised its FY2026 EPS forecast for Caterpillar to $27.50 from $24.78, above the current analyst consensus of $27.14. The firm maintains a “Hold” rating, so the estimate increase is positive but not a strong bullish endorsement. Erste Group Bank Predicts Stronger Earnings for Caterpillar
• Positive Sentiment: Analyst sentiment remains favorable: Caterpillar has received a consensus “Moderate Buy” rating, while a separate analysis highlighted the stock as a potential beneficiary of improving industrial activity. However, brokerage recommendations can be overly optimistic and may have limited immediate impact. Caterpillar Receives Consensus Rating of Moderate Buy
• Positive Sentiment: Improving durable-goods demand: July durable-goods orders increased 1.1%, supporting the view that a manufacturing recovery could benefit Caterpillar’s equipment demand and broader industrial stocks. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders
• Neutral Sentiment: Investors are watching the pullback: Commentary focused on Caterpillar’s recent decline, suggesting the stock’s technical performance and elevated valuation remain important considerations even after strong quarterly earnings. Why We're Watching the Caterpillar Stock Pullback
• Negative Sentiment: Market-wide pressure: Caterpillar was among the stocks weighing on the Dow as investors reduced exposure to major companies, indicating that broader market sentiment—not just company-specific fundamentals—is contributing to the weakness. NVIDIA Corp., Caterpillar Share Losses Lead Dow's Fall
• Negative Sentiment: CEO insider selling: CEO Joseph E. Creed sold 32,401 shares for approximately $26.2 million, reducing his position by 48.39%. The sale may concern investors, although insider transactions can reflect personal financial planning rather than a change in the company’s outlook. SEC Insider Transaction Filing

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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