Caterpillar Inc. $CAT Stake Raised by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management increased its Caterpillar stake by 49.9% in the second quarter to 93,536 shares, while institutional investors overall own 70.98% of the company.
• Caterpillar reported strong quarterly results, with EPS of $8.17 beating estimates by $1.95 and revenue rising 23.7% year over year to $20.54 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52, and Caterpillar raised its quarterly dividend to $1.63 per share, representing a 0.8% yield.

OFI Invest Asset Management grew its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 49.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 93,536 shares of the industrial products company's stock after acquiring an additional 31,121 shares during the quarter. OFI Invest Asset Management's holdings in Caterpillar were worth $100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Diamant Asset Management Inc. boosted its stake in Caterpillar by 68,427.2% in the 1st 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 period. Capital International Investors acquired a new position in Caterpillar during the fourth quarter valued at $1,225,317,000. Northwestern Mutual Wealth Management Co. lifted its stake in Caterpillar by 573.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after acquiring an additional 1,281,087 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Caterpillar by 16.0% in the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock valued at $3,860,457,000 after purchasing an additional 928,974 shares during the period. Finally, Cynosure Group LLC lifted its position in shares of Caterpillar by 8,359.6% in the fourth quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock worth $294,314,000 after purchasing an additional 507,681 shares in the last quarter. 70.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Caterpillar from $1,125.00 to $1,165.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 17th. Robert W. Baird set a $970.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. DA Davidson upped their target price on Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Barclays raised their price target on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. Finally, Zacks Research raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. One investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $995.52.

Caterpillar Stock Performance

NYSE:CAT opened at $843.54 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.37 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $387.76 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. Caterpillar Inc. has a 12-month low of $410.52 and a 12-month high of $1,073.46. The firm has a 50-day moving average price of $913.03 and a 200 day moving average price of $830.99.

Caterpillar (NYSE:CAT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating 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 business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the previous year, the firm earned $4.72 EPS. Caterpillar's quarterly revenue was up 23.7% on a year-over-year basis. Research analysts anticipate that Caterpillar Inc. will post 26.56 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, July 20th. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analyst commentary highlighted accelerating, volume-driven growth across Caterpillar’s three operating segments and a sharp upgrade to its 2026 sales outlook, supporting the longer-term bullish case. Caterpillar's Volume Gains Drive Growth: Can Its Uptrend Continue?
• Positive Sentiment: Caterpillar was included among high-efficiency stocks with key operating ratios above industry averages, reinforcing the view that its strong earnings performance is supported by business quality. 5 Top-Ranked High-Efficiency Stocks Poised for Stronger Returns
• Positive Sentiment: The company committed up to $3 million in Arkansas as part of its five-year, $100 million workforce initiative. The investment should expand manufacturing talent pipelines, although the near-term earnings impact is likely limited. Caterpillar Expands Workforce Initiative to Arkansas

Caterpillar Company Profile

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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