Caterpillar Inc. $CAT Shares Sold by Cary Street Partners Financial LLC

Key Points

• Cary Street Partners cut its Caterpillar stake by 5.8% in the second quarter, selling 1,239 shares and retaining 20,143 shares valued at approximately $21.45 million. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 beating estimates by $1.95 and revenue rising 23.7% year over year to $20.54 billion. The company also increased its quarterly dividend to $1.63 per share.
• Despite a “Moderate Buy” consensus rating and an average analyst price target of $995.52, CAT shares opened at $814.68 after falling 3.1%; concerns include elevated valuation, weaker industrial data and broader market selling pressure.

Cary Street Partners Financial LLC reduced its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,143 shares of the industrial products company's stock after selling 1,239 shares during the quarter. Cary Street Partners Financial LLC's holdings in Caterpillar were worth $21,451,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted its holdings in shares of Caterpillar by 2.8% during the 4th quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company's stock valued at $12,844,000 after buying an additional 604 shares during the last quarter. Juno Financial Group LLC bought a new position in Caterpillar during the fourth quarter valued at approximately $877,000. DSG Capital Advisors LLC acquired a new stake in Caterpillar in the first quarter valued at approximately $1,226,000. Cornerstone Planning LLC bought a new stake in Caterpillar in the fourth quarter worth approximately $4,517,000. Finally, RiverFront Investment Group LLC grew its position in Caterpillar by 21.1% in the fourth quarter. RiverFront Investment Group LLC now owns 8,915 shares of the industrial products company's stock worth $5,107,000 after acquiring an additional 1,552 shares in the last quarter. Institutional investors own 70.98% of the company's stock.

Caterpillar Trading Down 3.1%

CAT opened at $814.68 on Thursday. The stock has a market capitalization of $374.49 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.48 and a beta of 1.60. 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 Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The company has a 50-day simple moving average of $912.19 and a 200 day simple moving average of $832.06.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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 net margin of 14.51% and a return on equity of 55.53%. The business had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same period last year, the firm posted $4.72 earnings per share. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. Analysts predict that Caterpillar Inc. will post 26.98 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were given a dividend of $1.63 per share. The ex-dividend date of this dividend was Monday, July 20th. This is an increase from Caterpillar's previous quarterly dividend of $1.51. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. Caterpillar's payout ratio is 28.06%.

More Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings forecasts. Zacks Research increased its EPS projections across several periods, including FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. The firm maintained a “Strong-Buy” rating, signaling improved confidence in Caterpillar’s long-term earnings outlook. Zacks Research estimates
• Positive Sentiment: Growth momentum remains a supporting factor. A Zacks analysis said volume-driven growth is accelerating across Caterpillar’s three segments and prompted a sharp increase in its 2026 sales outlook. The company also announced a $3 million workforce investment in Arkansas, supporting local hiring and operations. Caterpillar volume gains analysis Caterpillar workforce initiative
• Neutral Sentiment: Recent gains may be prompting profit-taking. Commentary highlighted that CAT has risen sharply over the past year, increasing attention to valuation and how much future growth is already reflected in the stock. CAT stock performance analysis
• Negative Sentiment: Weak industrial data raised demand concerns. U.S. industrial production was weaker than expected in July, prompting investors to question whether Caterpillar’s record backlog can withstand a slowdown in industrial activity and equipment demand. Weaker U.S. industrial output analysis
• Negative Sentiment: Market-wide selling pressured CAT. Caterpillar and Goldman Sachs were cited as major drags on the Dow amid a pullback in AI-related and technology-linked trades. This appears to reflect broader risk reduction and sector rotation rather than a new company-specific operational setback. Dow market pressure

Analyst Ratings Changes

A number of research firms have weighed in on CAT. Bank of America lifted their price objective on Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a report on Friday, May 1st. Barclays raised 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. DA Davidson boosted their price target on Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Daiwa Securities Group increased their price objective on Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Finally, Truist Financial set a $980.00 price objective on Caterpillar in a report on Wednesday, August 5th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $995.52.

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.

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