CX Institutional Sells 1,553 Shares of Caterpillar Inc. $CAT

Key Points

• CX Institutional reduced its Caterpillar stake by 11.1% in the second quarter, selling 1,553 shares and retaining 12,491 shares valued at approximately $13.3 million. Institutional investors collectively own 70.98% of CAT.
• Analysts maintain a generally favorable outlook, with Caterpillar rated “Moderate Buy” and an average price target of $966.29. Investors are focused on upcoming earnings, record backlog growth, margins, tariffs and management guidance.
• Caterpillar increased its quarterly dividend to $1.63 per share, or $6.52 annually, representing a 0.8% yield; however, insiders sold 84,492 shares worth about $77.6 million over the past three months.

CX Institutional trimmed its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,491 shares of the industrial products company's stock after selling 1,553 shares during the period. CX Institutional's holdings in Caterpillar were worth $13,302,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Cornerstone Advisory LLC boosted its position in shares of Caterpillar by 0.7% during the first quarter. Cornerstone Advisory LLC now owns 1,818 shares of the industrial products company's stock valued at $1,288,000 after buying an additional 12 shares during the last quarter. Advisory Resource Group raised its position in Caterpillar by 0.8% in the 4th quarter. Advisory Resource Group now owns 1,632 shares of the industrial products company's stock worth $935,000 after buying an additional 13 shares during the last quarter. Sunbeam Capital Management LLC lifted its stake in Caterpillar by 1.1% during the 1st quarter. Sunbeam Capital Management LLC now owns 1,164 shares of the industrial products company's stock valued at $825,000 after acquiring an additional 13 shares during the period. Brandywine Oak Private Wealth LLC boosted its holdings in shares of Caterpillar by 2.6% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 506 shares of the industrial products company's stock valued at $358,000 after acquiring an additional 13 shares during the last quarter. Finally, Sylvest Advisors LLC boosted its holdings in shares of Caterpillar by 3.6% during the 1st quarter. Sylvest Advisors LLC now owns 377 shares of the industrial products company's stock valued at $267,000 after acquiring an additional 13 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company's stock.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Analysts expect strong year-over-year growth, with consensus estimates calling for approximately $6.22 in adjusted earnings per share, up from $4.72 a year earlier, and about $19.2 billion in revenue. A beat or bullish outlook could support the stock. Caterpillar Earnings Are Coming. Only 1 Thing Matters.
• Positive Sentiment: Caterpillar’s order backlog reportedly reached a record $63 billion. Investors will look for evidence that AI data-center construction and related power demand are continuing to generate new orders. Caterpillar's Order Backlog Hit a Record $63 Billion
• Positive Sentiment: Compared with cash-burning growth companies, Caterpillar is being highlighted for converting revenue into substantial free cash flow, reinforcing its appeal as a financially mature industrial and AI-infrastructure beneficiary. Rocket Lab vs. Caterpillar
• Positive Sentiment: Waste Management is expanding collaboration with Caterpillar to test autonomous heavy equipment at landfills, providing another potential technology and equipment growth opportunity. WM's Landfill of the Future Advances Towards Autonomous Equipment Testing
• Neutral Sentiment: The earnings release is the primary near-term catalyst. Investors will focus on orders, margins, tariff effects and management’s outlook rather than the headline EPS figure alone. Caterpillar Q2 2026 Earnings Preview
• Negative Sentiment: The stock has recently been pressured in an AI-related selloff, leaving Caterpillar’s earnings and guidance under heightened scrutiny. Its premium valuation and potential tariff impact could amplify any disappointment. Caterpillar Faces Earnings Test After AI Selloff Hits Stock

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Caterpillar from $700.00 to $800.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Oppenheimer lifted their target price on shares of Caterpillar from $980.00 to $1,105.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Jefferies Financial Group boosted their target price on shares of Caterpillar from $900.00 to $1,045.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Argus increased their price target on Caterpillar from $820.00 to $990.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Caterpillar in a research note on Friday, May 8th. Thirteen equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Caterpillar currently has an average rating of "Moderate Buy" and an average price target of $966.29.

Insider Transactions at Caterpillar

In related news, CAO William E. Schaupp sold 360 shares of the firm's stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $906.00, for a total value of $326,160.00. Following the transaction, the chief accounting officer directly owned 530 shares of the company's stock, valued at approximately $480,180. This trade represents a 40.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Denise C. Johnson sold 12,605 shares of Caterpillar stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total value of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at $45,236,615.75. This trade represents a 20.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 84,492 shares of company stock worth $77,567,548 over the last three months. 0.33% of the stock is currently owned by insiders.

Caterpillar Stock Performance

Shares of NYSE CAT opened at $833.47 on Tuesday. Caterpillar Inc. has a 12-month low of $405.46 and a 12-month high of $1,073.46. The firm has a market capitalization of $383.89 billion, a price-to-earnings ratio of 41.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.60. The company has a current ratio of 1.35, a quick ratio of 0.81 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average of $923.52 and a 200 day moving average of $814.19.

Caterpillar Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, July 20th will be paid a $1.63 dividend. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date is Monday, July 20th. This represents a $6.52 annualized dividend and a dividend yield of 0.8%. Caterpillar's dividend payout ratio (DPR) is currently 32.45%.

About Caterpillar

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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