Caterpillar Inc. $CAT Stock Holdings Increased by Fifth Third Wealth Advisors LLC

Key Points

• Fifth Third Wealth Advisors increased its Caterpillar stake by 9.4% in the second quarter to 26,284 shares valued at $27.99 million. Institutional investors collectively own 70.98% of CAT’s outstanding stock.
• Caterpillar reported a strong quarter, with earnings per share of $8.17 versus the $6.22 consensus estimate 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 $995.52, while Caterpillar raised its quarterly dividend to $1.63 per share from $1.51.

Fifth Third Wealth Advisors LLC boosted its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 9.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,284 shares of the industrial products company's stock after purchasing an additional 2,249 shares during the period. Caterpillar comprises approximately 0.8% of Fifth Third Wealth Advisors LLC's holdings, making the stock its 23rd largest position. Fifth Third Wealth Advisors LLC's holdings in Caterpillar were worth $27,990,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Diamant Asset Management Inc. grew its holdings in shares of Caterpillar by 68,427.2% during the 1st 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. Capital International Investors acquired a new position in shares of Caterpillar in the fourth quarter worth $1,225,317,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Caterpillar by 573.1% during the fourth 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 boosted its position in Caterpillar by 16.0% during the fourth 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 last quarter. Finally, Cynosure Group LLC boosted its position in Caterpillar by 8,359.6% during the fourth quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock valued at $294,314,000 after purchasing an additional 507,681 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on CAT shares. Truist Financial set a $980.00 target price on Caterpillar in a research report on Wednesday, August 5th. Barclays lifted their price target on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a report on Thursday, August 6th. Robert W. Baird set a $970.00 price objective on Caterpillar in a report on Wednesday, August 5th. Daiwa Securities Group raised their price objective on shares of Caterpillar from $790.00 to $900.00 and gave the company a "neutral" rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $995.52.

Key Stories Impacting Caterpillar

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 Stock Down 4.3%

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

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, topping 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 firm 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 business earned $4.72 EPS. The business's revenue was up 23.7% on a year-over-year basis. Research analysts forecast that Caterpillar Inc. will post 26.56 EPS for the current year.

Caterpillar Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be given a dividend of $1.63 per share. This is a boost 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%. The ex-dividend date is Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is presently 28.06%.

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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