Cadent Capital Advisors LLC Raises Stake in Caterpillar Inc. $CAT

Key Points

• Cadent Capital Advisors increased its Caterpillar stake by 425.5% in the second quarter, owning 2,207 shares valued at approximately $2.35 million. Institutional investors collectively hold nearly 71% of CAT’s outstanding shares.
• Caterpillar reported a strong quarter, with $8.17 in adjusted EPS and $20.54 billion in revenue, beating analyst estimates while revenue rose 23.7% year over year. The company also ended the quarter with a record $72 billion backlog and raised its quarterly dividend to $1.63 per share.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $995.52, although analysts caution that Caterpillar’s premium valuation leaves the stock vulnerable if orders, margins or future results disappoint.

Cadent Capital Advisors LLC lifted its position in Caterpillar Inc. (NYSE:CAT - Free Report) by 425.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,207 shares of the industrial products company's stock after purchasing an additional 1,787 shares during the period. Cadent Capital Advisors LLC's holdings in Caterpillar were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Axxcess Wealth Management LLC lifted its holdings in Caterpillar by 2.8% in the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company's stock worth $12,844,000 after purchasing an additional 604 shares in the last quarter. Juno Financial Group LLC purchased a new stake in Caterpillar during the 4th quarter valued at approximately $877,000. DSG Capital Advisors LLC bought a new stake in shares of Caterpillar during the first quarter valued at approximately $1,226,000. Cornerstone Planning LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $4,517,000. Finally, Ticino Wealth purchased a new position in shares of Caterpillar in the fourth quarter worth $2,488,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAT. JPMorgan Chase & Co. raised their target price 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. Daiwa Securities Group boosted their price target on shares of Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Wells Fargo & Company increased their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a report on Tuesday, June 23rd. Truist Financial set a $980.00 target price on Caterpillar in a report on Wednesday, August 5th. Finally, Barclays boosted their target price on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, Caterpillar presently has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Price Performance

Caterpillar stock opened at $855.97 on Friday. Caterpillar Inc. has a 52-week low of $405.46 and a 52-week high of $1,073.46. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm's fifty day moving average is $916.05 and its 200 day moving average is $826.31. The company has a market cap of $393.46 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 1.53 and a beta of 1.60.

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, topping analysts' consensus estimates of $6.22 by $1.95. The business 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%. The business's revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $4.72 EPS. Sell-side analysts forecast that Caterpillar Inc. will post 26.56 EPS for the current fiscal year.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 annualized dividend and a yield of 0.8%. Caterpillar's payout ratio is presently 28.06%.

Key Headlines Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar ended the second quarter with a record $72 billion backlog, signaling sustained demand for heavy equipment and supporting management’s upgraded 2026 sales outlook. Strength across construction, mining and energy-related businesses reinforces the company’s growth prospects. CAT Ends Q2 With Record Backlog: Is Demand Momentum Here to Stay?
• Positive Sentiment: Recent coverage highlighted Caterpillar’s record quarterly sales of approximately $20.5 billion, stronger operating profit and improved margins. These results add to the bullish case following the company’s recent earnings beat and year-over-year revenue growth. Caterpillar Marks Record Quarter with $20.5B in Sales and Revenues
• Positive Sentiment: Zacks included CAT among momentum stocks that could outperform in 2026, reflecting strong recent business performance and investor interest. Western Digital & 2 Momentum Stocks That Could Soar in 2026
• Neutral Sentiment: Analyst coverage continues to assess whether Wall Street favors Caterpillar, while Erste Group issued a fiscal 2026 earnings forecast. These reports may influence expectations, but the provided articles do not specify a broad consensus change or price-target revision. Do Wall Street analysts like Caterpillar stock?
• Negative Sentiment: Analysts noted that Caterpillar’s strong backlog, sales growth and raised outlook are already reflected in a premium valuation. That raises the risk of volatility if orders slow, margins disappoint or future results fail to exceed elevated expectations. The Zacks Analyst Blog Highlights Caterpillar, Komatsu, Terex and Astec Industries

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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