Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Caterpillar Inc. $CAT

Key Points

• Pennsylvania’s public school employees’ retirement system reduced its Caterpillar position by 6.1%, selling 6,653 shares and retaining 101,732 shares worth approximately $108.3 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with earnings per share of $8.17 and revenue of $20.54 billion, exceeding analyst estimates and rising 23.7% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $995.52.
• The company raised its quarterly dividend from $1.51 to $1.63 per share, or $6.52 annually, implying a 0.8% yield. Shares opened at $843.54, below the 50-day moving average of $913.03.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,732 shares of the industrial products company's stock after selling 6,653 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Caterpillar were worth $108,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC lifted 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 valued at $12,844,000 after acquiring an additional 604 shares during the period. Juno Financial Group LLC acquired a new stake in shares of Caterpillar during the 4th quarter worth approximately $877,000. DSG Capital Advisors LLC purchased a new position in shares of Caterpillar during the 1st quarter valued at approximately $1,226,000. Cornerstone Planning LLC acquired a new position in shares of Caterpillar in the 4th quarter valued at $4,517,000. Finally, Ticino Wealth acquired a new position in shares of Caterpillar in the 4th quarter valued at $2,488,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CAT has been the topic of several analyst reports. Oppenheimer restated an "outperform" rating and set a $1,118.00 price target on shares of Caterpillar in a research report on Tuesday, August 4th. Morgan Stanley set a $915.00 target price on Caterpillar and gave the company an "equal weight" rating in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target on Caterpillar from $877.00 to $897.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. HSBC raised their price objective on Caterpillar from $850.00 to $1,100.00 in a report on Tuesday, May 5th. Finally, Jefferies Financial Group upped their target price on Caterpillar from $900.00 to $1,045.00 and gave the stock a "buy" rating in a research note on Friday, May 1st. One 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. According to data from MarketBeat.com, Caterpillar presently has a consensus rating of "Moderate Buy" and an average target price of $995.52.

Caterpillar News Summary

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 Trading Down 4.3%

Shares of Caterpillar stock opened at $843.54 on Wednesday. The firm has a market capitalization of $387.76 billion, a PE ratio of 36.30, a P/E/G ratio of 1.53 and a beta of 1.60. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The firm's 50-day moving average price is $913.03 and its 200 day moving average price is $830.99. 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 posted its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $20.54 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same period in the previous year, the firm posted $4.72 EPS. Caterpillar's revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts predict that Caterpillar Inc. will post 26.56 EPS 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 given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 0.8%. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. Caterpillar's dividend payout ratio (DPR) is currently 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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