Caterpillar Inc. $CAT Shares Sold by Corient Private Wealth LP

Key Points

• Corient Private Wealth reduced its Caterpillar stake by 6.8% in the second quarter, selling 36,913 shares and retaining 505,859 shares valued at approximately $538.7 million. Institutional investors still own nearly 71% of CAT.
• Caterpillar reported a strong quarter, with earnings per share of $8.17 exceeding estimates of $6.22 and revenue rising 23.7% year over year to $20.54 billion.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $994.17 price target, though shares recently faced pressure amid concerns that the data-center power trade and related AI-infrastructure enthusiasm may be fading.

Corient Private Wealth LP decreased its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 6.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,859 shares of the industrial products company's stock after selling 36,913 shares during the quarter. Caterpillar makes up approximately 0.7% of Corient Private Wealth LP's holdings, making the stock its 21st largest holding. Corient Private Wealth LP owned 0.11% of Caterpillar worth $538,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. California State Teachers Retirement System lifted its position in shares of Caterpillar by 105,696.1% during the second quarter. California State Teachers Retirement System now owns 747,331,911 shares of the industrial products company's stock worth $795,833,752,000 after purchasing an additional 746,625,522 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Caterpillar during the second quarter worth approximately $40,457,153,000. Bank of America Corp DE bought a new stake in shares of Caterpillar in the second quarter worth $5,818,150,000. Diamant Asset Management Inc. raised its holdings in Caterpillar by 68,427.2% in the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Caterpillar during the 2nd quarter valued at $3,192,710,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Caterpillar

In related news, CEO Joseph E. Creed sold 32,401 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This represents a 48.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

CAT has been the subject of a number of research reports. Needham & Company LLC set a $980.00 price target on Caterpillar in a research note on Thursday. Royal Bank Of Canada increased their target price on Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Barclays lifted 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. JPMorgan Chase & Co. boosted their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an "overweight" rating in a report on Wednesday, June 17th. Finally, Freedom Broker upgraded Caterpillar from a "hold" rating to a "buy" rating and set a $980.00 price objective on the stock in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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: Caterpillar was added to the Zacks Rank #1 (Strong Buy) list, reflecting favorable momentum and recent analyst sentiment. New Strong Buy Stocks for September 14th
• Positive Sentiment: Zacks also identified CAT as a wide-moat company, citing durable competitive advantages, growth prospects and favorable demand across its markets. Buy These 5 Top-Ranked Wide Moat Stocks
• Positive Sentiment: Caterpillar was highlighted as an AI-exposure and dividend stock, suggesting investors may view its equipment and technology businesses as beneficiaries of data-center and infrastructure spending while receiving shareholder distributions. 3 Stocks That Offer AI Exposure and Dividends
• Positive Sentiment: Recent coverage also pointed to an analyst upgrade and higher earnings estimates, while Caterpillar’s partnership with FieldAI could expand its exposure to physical AI, robotics and digital twins. Erste Group Bank Lifts Earnings Estimates for Caterpillar Caterpillar And FieldAI Partner on Physical AI
• Neutral Sentiment: Several articles presented Caterpillar as a long-term investment idea, but these list inclusions do not represent new company-specific operating results or guidance.
• Negative Sentiment: The main near-term pressure came from concerns that the data-center power trade may be unwinding. Caterpillar fell alongside industrial names even as Deere held up better, indicating profit-taking or reduced enthusiasm for CAT’s AI-infrastructure narrative. Caterpillar Falls While Deere Edges Higher

Caterpillar Price Performance

NYSE CAT opened at $783.61 on Tuesday. The company has a 50-day moving average price of $849.85 and a two-hundred day moving average price of $841.00. Caterpillar Inc. has a 52 week low of $430.61 and a 52 week high of $1,073.46. The stock has a market cap of $360.20 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.60. 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 (NYSE:CAT - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The business's revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.72 earnings per share. Analysts forecast that Caterpillar Inc. will post 27.37 EPS for the current year.

About Caterpillar

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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