Beacon Pointe Advisors LLC Takes $96.55 Million Position in Caterpillar Inc. $CAT

Beacon Pointe Advisors LLC acquired a new position in Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 90,687 shares of the industrial products company's stock, valued at approximately $96,552,000.

Other institutional investors have also added to or reduced their stakes in the company. Kimelman & Baird LLC bought a new stake in Caterpillar during the 2nd quarter valued at $132,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Caterpillar during the 2nd quarter worth $355,000. 49 Wealth Management LLC purchased a new stake in shares of Caterpillar during the 2nd quarter worth $1,646,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Caterpillar during the second quarter valued at about $15,735,000. Finally, Strait & Sound Wealth Management LLC purchased a new position in Caterpillar in the second quarter valued at about $237,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Caterpillar News Roundup

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?

Analyst Ratings Changes

A number of equities analysts have commented on CAT shares. Oppenheimer reiterated an "outperform" rating and issued a $1,118.00 target price on shares of Caterpillar in a report on Tuesday, August 4th. Royal Bank Of Canada boosted their price objective on shares of Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Zacks Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Erste Group Bank downgraded shares of Caterpillar from a "buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, UBS Group lifted their price target on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Caterpillar currently has an average rating of "Moderate Buy" and an average price target of $995.52.

Insiders Place Their Bets

In other news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated Friday, August 28th. The stock was 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Caterpillar Trading Up 0.9%

Shares of Caterpillar stock opened at $821.25 on Wednesday. The firm's 50 day simple moving average is $863.27 and its two-hundred day simple moving average is $839.74. The firm has a market capitalization of $377.50 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.41 and a beta of 1.60. Caterpillar Inc. has a 12-month low of $416.44 and a 12-month high of $1,073.46. 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 (NYSE:CAT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping the consensus estimate of $6.22 by $1.95. The business had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.72 earnings per share. Analysts predict that Caterpillar Inc. will post 27.34 EPS for the current year.

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.

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.