Caterpillar Inc. $CAT Stock Position Raised by Marvin & Palmer Associates Inc.

Key Points

• Marvin & Palmer Associates increased its Caterpillar stake by 77.6% in the second quarter to 9,362 shares valued at approximately $9.97 million, making CAT about 6.4% of the firm's portfolio.
• Caterpillar reported strong quarterly results, with EPS of $8.17 and revenue of $20.54 billion, exceeding estimates and representing 23.7% year-over-year revenue growth. Institutional investors own approximately 70.98% of the stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $995.52, although Caterpillar’s elevated valuation, recent CEO stock sale and potential interest-rate pressures remain risks.

Marvin & Palmer Associates Inc. raised its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 77.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,362 shares of the industrial products company's stock after buying an additional 4,092 shares during the period. Caterpillar comprises approximately 6.4% of Marvin & Palmer Associates Inc.'s holdings, making the stock its 7th largest position. Marvin & Palmer Associates Inc.'s holdings in Caterpillar were worth $9,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. grew its stake in shares of Caterpillar by 440.0% during the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 22 shares during the period. Matrix Trust Co lifted its stake in shares of Caterpillar by 93.8% during the 2nd quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock valued at $33,000 after buying an additional 15 shares in the last quarter. Axiom Investment Management LLC purchased a new position in shares of Caterpillar during the 2nd quarter valued at $36,000. Lam Group Inc. bought a new position in Caterpillar in the 1st quarter worth $26,000. Finally, Tacita Capital Inc purchased a new stake in Caterpillar in the 2nd quarter worth $47,000. 70.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CAT shares. Truist Financial set a $980.00 price objective on Caterpillar in a research report on Wednesday, August 5th. Sanford C. Bernstein reiterated a "market perform" rating and set a $1,002.00 target price on shares of Caterpillar in a research report on Wednesday, August 5th. DA Davidson lifted their target price on Caterpillar from $845.00 to $882.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Robert W. Baird set a $970.00 price target on Caterpillar in a report on Wednesday, August 5th. Finally, Citigroup increased their price objective on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. One equities research 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $995.52.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts raised earnings estimates across multiple periods. Zacks Research increased its forecasts for Q3 2026, FY2026, FY2027, Q1–Q4 2027, Q2 2028 and FY2028. Its FY2027 estimate rose to $31.43 per share from $30.14, while its FY2028 forecast increased to $36.64 from $35.97. Zacks maintained a “Strong Buy” rating. MarketBeat Caterpillar analyst estimates
• Positive Sentiment: AI and automation remain a growth catalyst. Caterpillar’s collaboration with FieldAI is intended to advance physical AI, autonomous equipment and robotics, potentially improving customer safety and efficiency while creating new technology-driven revenue opportunities. Caterpillar FieldAI partnership
• Positive Sentiment: Industrial and manufacturing trends support demand. Lean inventories and continued U.S. production growth are cited as reasons Caterpillar remains attractive among industrial stocks. Piper Sandler also identifies Caterpillar as a potential beneficiary of a rotation from high-priced AI leaders toward industrial companies. U.S. manufacturing growth stocks
• Neutral Sentiment: CAT has significantly outperformed over the past year. Coverage highlights a record backlog, strong earnings and an improved 2026 outlook, but compares Caterpillar’s performance with other industrial-product companies rather than providing a new company-specific catalyst. Caterpillar buy sell or hold analysis
• Negative Sentiment: Valuation and interest-rate risks remain concerns. CAT trades at a high earnings multiple after its substantial rally. Piper Sandler cautions that a move in the 10-year Treasury yield above roughly 4.80% could challenge the industrial-rotation thesis and pressure rate-sensitive valuations. Piper Sandler industrial stocks and Treasury yields

Caterpillar Trading Down 0.7%

Shares of Caterpillar stock opened at $816.41 on Thursday. The firm has a market cap of $375.28 billion, a price-to-earnings ratio of 35.13, a PEG ratio of 1.43 and a beta of 1.60. The business has a 50-day moving average price of $859.73 and a 200-day moving average price of $840.13. 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 $419.50 and a twelve month high of $1,073.46.

Caterpillar (NYSE:CAT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, topping analysts' consensus estimates of $6.22 by $1.95. Caterpillar had a return on equity of 55.53% and a net margin of 14.51%.The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the previous year, the business earned $4.72 earnings per share. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Caterpillar Inc. will post 27.37 EPS for the current fiscal year.

Insider Transactions at Caterpillar

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

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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