California State Teachers Retirement System Has $747.33 Million Position in Caterpillar Inc. $CAT

Key Points

• CalSTRS slightly reduced its Caterpillar stake by 0.7%, selling 4,603 shares but retaining 701,786 shares worth approximately $747.3 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported strong quarterly results, with EPS of $8.17 versus the $6.22 consensus and revenue of $20.54 billion, up 23.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $994.17.
• Shares traded at $784.40, below their 50-day and 200-day moving averages, while CEO Joseph Creed sold $26.2 million in stock. Caterpillar continues to receive support from autonomous-haulage growth and bullish views on its backlog and margins, though near-term sentiment has weakened.

California State Teachers Retirement System decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 0.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 701,786 shares of the industrial products company's stock after selling 4,603 shares during the quarter. Caterpillar accounts for about 0.7% of California State Teachers Retirement System's portfolio, making the stock its 14th largest holding. California State Teachers Retirement System owned approximately 0.15% of Caterpillar worth $747,331,911 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stonebridge Financial Group LLC raised its position in shares of Caterpillar by 0.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 1,635 shares of the industrial products company's stock valued at $1,741,000 after buying an additional 11 shares in the last quarter. Inspirion Wealth Advisors LLC increased its position in shares of Caterpillar by 1.2% during the second quarter. Inspirion Wealth Advisors LLC now owns 944 shares of the industrial products company's stock worth $936,000 after purchasing an additional 11 shares in the last quarter. Bell Bank boosted its stake in shares of Caterpillar by 0.6% during the 2nd quarter. Bell Bank now owns 1,865 shares of the industrial products company's stock worth $1,986,000 after acquiring an additional 11 shares in the last quarter. Cornerstone Advisory LLC increased its stake in shares of Caterpillar by 0.7% in the 1st quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company's stock worth $1,288,000 after acquiring an additional 12 shares during the last quarter. Finally, Advisory Resource Group raised its position in Caterpillar by 0.8% in the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company's stock valued at $935,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Price Performance

Shares of NYSE CAT traded up $0.40 during midday trading on Tuesday, hitting $784.40. The company had a trading volume of 923,861 shares, compared to its average volume of 2,845,507. The firm has a market capitalization of $360.57 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60. The business has a 50-day simple moving average of $849.85 and a two-hundred day simple moving average of $841.00. Caterpillar Inc. has a twelve month low of $434.28 and a twelve month 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.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $20.54 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm posted $4.72 EPS. The business's revenue for the quarter was up 23.7% compared to the same quarter last year. Equities research analysts anticipate that Caterpillar Inc. will post 27.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. DA Davidson upped their price target on Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Oppenheimer restated an "outperform" rating and set a $1,118.00 target price on shares of Caterpillar in a report on Tuesday, August 4th. Robert W. Baird set a $970.00 price target on Caterpillar in a research note on Wednesday, August 5th. Needham & Company LLC set a $980.00 price target on shares of Caterpillar in a research note on Thursday, September 10th. Finally, Barclays upped their price objective on Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $994.17.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Autonomous-haulage expansion supports Caterpillar’s technology growth. Customer Luck Stone is expanding Caterpillar’s autonomous hauling system to two additional Virginia quarries after the technology hauled more than 3.5 million tons during an 18-month deployment. The announcement validates Caterpillar’s automation offering and could create additional equipment and software opportunities. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Several investment reports remain bullish on CAT. Commentary points to Caterpillar’s backlog, operating-margin potential, consistent earnings performance, dividend, and indirect exposure to AI-related infrastructure spending. Zacks also placed CAT on its Strong Buy and wide-moat lists, which may attract momentum-oriented investors. Caterpillar Stock Looks Expensive Until You Price The Backlog, And Then The Margins
• Neutral Sentiment: Investor attention remains elevated. Caterpillar was among the most-searched stocks on Zacks, while Auxier Asset Management’s second-quarter letter discussed the company’s performance beyond direct AI-model exposure. High visibility can support trading interest, but search activity alone does not change earnings expectations. Investors Heavily Search Caterpillar
• Negative Sentiment: Near-term sentiment has weakened. Caterpillar led industrial stocks lower amid concerns that the data-center power trade may be unwinding, while broader Dow losses also weighed on the shares. This reflects valuation and positioning risks rather than a reported deterioration in Caterpillar’s latest operating results. Caterpillar Falls While Deere Edges Higher

Insider Buying and Selling at Caterpillar

In other news, CEO Joseph E. Creed sold 32,401 shares of Caterpillar 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 completion of the transaction, the chief executive officer directly owned 34,555 shares of the company's stock, valued at approximately $27,954,303.90. This trade represents a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company's stock.

Caterpillar Profile

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.

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