Caterpillar Inc. $CAT Stock Holdings Lifted by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Caterpillar position by 8.6% in the second quarter, adding 15,342 shares to own 194,396 shares valued at approximately $192.85 million. Institutional investors collectively hold 70.98% of CAT’s outstanding stock.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share and revenue of $20.54 billion, exceeding analyst estimates and marking 23.7% year-over-year revenue growth.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and average price target of $994.17, although the stock’s premium valuation and CEO Joseph Creed’s $26.2 million share sale remain risks for investors.

TD Waterhouse Canada Inc. increased its position in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 8.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,396 shares of the industrial products company's stock after acquiring an additional 15,342 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Caterpillar were worth $192,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC acquired a new position in Caterpillar in the 2nd quarter worth about $5,372,000. D.B. Root & Company LLC acquired a new stake in shares of Caterpillar during the 2nd quarter valued at about $850,000. Dearborn Partners LLC bought a new stake in shares of Caterpillar in the 2nd quarter valued at approximately $20,293,000. B. Metzler seel. Sohn & Co. AG increased its holdings in Caterpillar by 4.3% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 62,731 shares of the industrial products company's stock worth $66,802,000 after buying an additional 2,590 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in Caterpillar by 2.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 22,420 shares of the industrial products company's stock worth $12,844,000 after buying an additional 604 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company's stock.

Insider Buying and Selling

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $808.98, for a total transaction of $26,211,760.98. Following the completion of the transaction, the chief executive officer owned 34,555 shares of the company's stock, valued at $27,954,303.90. The trade was a 48.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

Caterpillar Trading Up 1.7%

Shares of CAT stock opened at $818.48 on Friday. Caterpillar Inc. has a 12 month low of $427.75 and a 12 month high of $1,073.46. The company has a market cap of $376.23 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.42 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. The business's 50 day moving average is $853.58 and its two-hundred day moving average is $840.30.

Caterpillar (NYSE:CAT - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $20.54 billion during the quarter, compared to analysts' expectations of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. Caterpillar's revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.72 earnings per share. Equities analysts predict that Caterpillar Inc. will post 27.37 EPS for the current year.

Analyst Ratings Changes

CAT has been the subject of a number of analyst reports. Sanford C. Bernstein reiterated a "market perform" rating and issued a $1,002.00 target price on shares of Caterpillar in a research note on Wednesday, August 5th. DA Davidson increased their price target on shares of Caterpillar from $845.00 to $882.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Barclays raised their price target on shares of 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 shares of Caterpillar in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. 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 company's stock. According to data from MarketBeat, Caterpillar has an average rating of "Moderate Buy" and an average price target of $994.17.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Broad-market strength supported CAT. Caterpillar was among the companies helping lead a roughly 550-point advance in the Dow, providing a favorable backdrop for industrial stocks. Cisco, Caterpillar share gains lead Dow's 550-point rally
• Positive Sentiment: CAT remains a top-performing industrial stock. Shares are up more than 40% this year, reflecting investor enthusiasm for construction, infrastructure and equipment demand. The strong rally also raises the possibility of profit-taking. Deere and Caterpillar Are Both Up Over 40% This Year
• Positive Sentiment: AI infrastructure is emerging as a growth catalyst. Reports highlight Caterpillar’s equipment orders extending toward 2030 and demand tied to data-center and infrastructure construction, broadening the company’s exposure beyond traditional industrial markets. CAT Could Be the Best AI Infrastructure Stock You’re Overlooking
• Positive Sentiment: Analyst estimates and ratings were generally supportive. Freedom Broker upgraded CAT to “buy” with a $980 price target, while Zacks raised its fourth-quarter 2026 EPS estimate to $6.73. Erste Group also modestly increased its fiscal 2027 EPS forecast to $32.28. The Lafayette City Council additionally approved incentives for an $890 million Caterpillar expansion, signaling continued investment capacity. Caterpillar upgraded by Freedom Broker
• Neutral Sentiment: Insider selling is a risk investors are monitoring. Caterpillar executives, including CEO Joseph Creed, have made substantial sales in recent months, although insider transactions may reflect diversification rather than a direct view on the company’s operating outlook. Caterpillar Inc. Stock Opinions on AI Partnership and Executive Stock Sale
• Negative Sentiment: Valuation and mixed estimates could limit further gains. CAT recently underperformed the broader market in a declining session, and Zacks trimmed its Q1 2028 EPS estimate to $7.87 from $7.94. With the stock trading well above its longer-term averages and at a premium valuation, investors may lock in profits if growth expectations moderate. Top Wide-Moat Stocks to Buy for Long-Term Wealth and Stability

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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