Cadinha & Co. LLC Buys 8,540 Shares of Caterpillar Inc. $CAT

Key Points

• Cadinha & Co. increased its Caterpillar stake by 62.3% in the second quarter, buying 8,540 shares for a total of 22,251 shares valued at approximately $23.7 million. Institutional investors collectively own nearly 71% of CAT stock.
• Caterpillar reported a strong quarter, with EPS of $8.17 and revenue of $20.54 billion, exceeding analyst estimates and increasing 23.7% year over year. The company also raised its quarterly dividend to $1.63 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $995.52, though tariff costs, AI data-center uncertainty and elevated stock volatility remain key risks.

Cadinha & Co. LLC raised its stake in Caterpillar Inc. (NYSE:CAT - Free Report) by 62.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,251 shares of the industrial products company's stock after buying an additional 8,540 shares during the period. Caterpillar makes up approximately 3.5% of Cadinha & Co. LLC's holdings, making the stock its 10th largest holding. Cadinha & Co. LLC's holdings in Caterpillar were worth $23,695,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Diamant Asset Management Inc. raised its holdings in 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 during the last quarter. Ascentis Wealth Management LLC grew its holdings in Caterpillar by 110,539.0% in the second quarter. Ascentis Wealth Management LLC now owns 2,518,143 shares of the industrial products company's stock valued at $2,711,772,000 after purchasing an additional 2,515,867 shares during the last quarter. Capital International Investors purchased a new position in shares of Caterpillar in the fourth quarter valued at $1,225,317,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Caterpillar by 573.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock valued at $861,947,000 after buying an additional 1,281,087 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Caterpillar by 16.0% during the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock worth $3,860,457,000 after buying an additional 928,974 shares during 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: Higher full-year earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $26.55 from $24.51 and its Q2 2027 estimate to $7.90 from $7.17. Zacks maintained a “Strong Buy” rating, signaling confidence in Caterpillar’s earnings trajectory. Zacks Research Forecasts Stronger Earnings for Caterpillar
• Positive Sentiment: $392 million tariff refund: Caterpillar received a significant refund as duty costs declined. The benefit partially offsets approximately $400 million in tariff expenses incurred during the quarter ended June 30 and could support near-term profitability and cash flow. Caterpillar bags $392M tariff refund as duty costs shrink
• Positive Sentiment: Constructive market backdrop: Expectations for continued S&P 500 strength, resilient earnings growth and potential AI-related capital spending are supportive for industrial companies such as Caterpillar. 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Neutral Sentiment: High volatility remains a trading risk: Options activity indicates Caterpillar’s stock could experience unusually large moves in either direction, increasing uncertainty despite favorable fundamental projections. Caterpillar Stock Is Priced To Swing Hundreds Of Dollars Either Way
• Negative Sentiment: AI data-center backlash: Proposed restrictions and political resistance to AI-related power demand in Texas and New York could delay or reduce data-center construction. That creates a risk for Caterpillar’s power-generation and related equipment demand, prompting investors to reassess the company’s growth outlook. What Is Caterpillar Facing As AI Data Center Backlash Grows?
• Negative Sentiment: Near-term estimate reduction: Zacks lowered its Q4 2026 EPS forecast to $6.47 from $6.61, suggesting some caution around the next quarterly results even though its full-year and longer-term estimates improved. Caterpillar analyst estimates

Wall Street Analyst Weigh In

A number of brokerages recently commented on CAT. Evercore reissued an "outperform" rating and issued a $1,103.00 price objective on shares of Caterpillar in a research note on Monday, May 11th. Argus lifted their target price on shares of Caterpillar from $820.00 to $990.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the company an "equal weight" rating in a report on Friday, May 1st. DA Davidson raised their price objective on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Finally, Rothschild & Co Redburn lifted their price objective on Caterpillar from $700.00 to $950.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average price target of $995.52.

Caterpillar Stock Up 1.7%

CAT stock opened at $828.90 on Friday. The stock has a market capitalization of $381.02 billion, a P/E ratio of 35.67, a PEG ratio of 1.43 and a beta of 1.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. Caterpillar Inc. has a one year low of $410.52 and a one year high of $1,073.46. The company has a 50 day moving average price of $908.86 and a two-hundred day moving average price of $833.13.

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 for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the company posted $4.72 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts expect that Caterpillar Inc. will post 27.14 EPS for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were issued a $1.63 dividend. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date was Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

About Caterpillar

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.

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.

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