Caterpillar Inc. $CAT Shares Bought by National Pension Service

Key Points

• National Pension Service increased its Caterpillar stake by 2.2% in the second quarter, adding 21,406 shares to own 1,010,122 shares valued at approximately $1.08 billion. Institutional investors collectively hold 70.98% of CAT.
• Caterpillar’s latest quarter exceeded expectations, with earnings per share of $8.17 versus the $6.22 consensus and revenue of $20.54 billion, up 23.7% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $994.17, though CEO Joseph Creed sold 32,401 shares and the stock remains exposed to elevated valuation and potential industrial-demand risks.

National Pension Service grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 2.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,010,122 shares of the industrial products company's stock after purchasing an additional 21,406 shares during the quarter. Caterpillar makes up about 0.7% of National Pension Service's investment portfolio, making the stock its 27th biggest position. National Pension Service owned 0.22% of Caterpillar worth $1,075,679,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CAT. Summit Financial Strategies Inc. grew its holdings in Caterpillar by 2.8% in the second quarter. Summit Financial Strategies Inc. now owns 2,004 shares of the industrial products company's stock valued at $2,134,000 after purchasing an additional 55 shares during the period. Insight Wealth Partners LLC purchased a new position in Caterpillar during the second quarter worth approximately $429,000. Concorde Asset Management LLC boosted its holdings in shares of Caterpillar by 3.6% in the 2nd quarter. Concorde Asset Management LLC now owns 710 shares of the industrial products company's stock valued at $756,000 after purchasing an additional 25 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Caterpillar by 6.6% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,247 shares of the industrial products company's stock valued at $8,782,000 after buying an additional 512 shares during the period. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Caterpillar by 49.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 36,447 shares of the industrial products company's stock worth $38,813,000 after buying an additional 12,124 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Needham & Company LLC set a $980.00 target price on Caterpillar in a research report on Thursday, September 10th. Truist Financial set a $980.00 price target on Caterpillar in a research note on Wednesday, August 5th. UBS Group raised their price objective on Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $994.17.

Caterpillar Stock Down 0.2%

Shares of NYSE CAT opened at $782.57 on Wednesday. The stock has a fifty day moving average price of $846.69 and a 200 day moving average price of $841.12. 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 Inc. has a 12-month low of $434.28 and a 12-month high of $1,073.46. The company has a market cap of $359.73 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.36 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the business earned $4.72 earnings per share. The company's revenue was up 23.7% compared to the same quarter last year. Research analysts anticipate that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s reported $72 billion order book is nearly as large as its $74.7 billion in trailing-twelve-month revenue, providing meaningful visibility if construction and infrastructure demand remain healthy. Should You Buy Caterpillar Stock With an Order Book Almost as Big as Its Annual Revenue?
• Positive Sentiment: Analysts and investment commentary continue to identify CAT as a beneficiary of data-center and AI-related capital spending, while also emphasizing its industrial diversification, earnings execution and dividend appeal. How Caterpillar Drives Sector-Leading Performance Beyond AI Models
• Positive Sentiment: Luck Stone is expanding Caterpillar’s autonomous hauling technology to two additional Virginia quarries after trucks moved more than 3.5 million tons during an 18-month deployment. The expansion supports CAT’s longer-term automation and productivity strategy. Luck Stone Builds on Autonomous Hauling Success with Caterpillar
• Positive Sentiment: Zacks added CAT to its Rank #1 Strong Buy and momentum lists, and separately included it among wide-moat stocks with durable competitive advantages. Best Momentum Stocks to Buy for September 14th
• Neutral Sentiment: The investment case depends on whether construction demand slows and whether AI/data-center orders prove durable. CAT’s valuation remains elevated, making the stock more sensitive to evidence of weaker future growth.
• Negative Sentiment: The recent decline in CAT and other industrial shares reflects concern that the data-center power and AI infrastructure trade may be unwinding, increasing near-term volatility despite the company’s strong backlog. Caterpillar Falls While Deere Edges Higher

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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