Erste Asset Management GmbH Sells 3,583 Shares of Caterpillar Inc. $CAT

Key Points

• Erste Asset Management reduced its Caterpillar stake by 11.4% in the second quarter, selling 3,583 shares and retaining 27,844 shares valued at approximately $28.8 million. Institutional investors collectively own about 71% of CAT.
• Analysts remain broadly positive, with Caterpillar receiving a consensus “Moderate Buy” rating and an average price target of $995.52, despite some firms maintaining hold ratings.
• Caterpillar delivered a strong quarter, reporting EPS of $8.17 and revenue of $20.54 billion, both above estimates, while year-over-year revenue rose 23.7%. The company also increased its quarterly dividend to $1.63 per share.

Erste Asset Management GmbH lessened its stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 11.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,844 shares of the industrial products company's stock after selling 3,583 shares during the quarter. Erste Asset Management GmbH's holdings in Caterpillar were worth $28,784,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lam Group Inc. purchased a new stake in Caterpillar in the 1st quarter worth approximately $26,000. Torren Management LLC purchased a new position in shares of Caterpillar during the 4th quarter valued at $27,000. Frazier Financial Advisors LLC increased its holdings in shares of Caterpillar by 220.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 48 shares of the industrial products company's stock worth $28,000 after purchasing an additional 33 shares during the period. Decker Retirement Planning Inc. raised its position in shares of Caterpillar by 440.0% in the second quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock worth $29,000 after buying an additional 22 shares in the last quarter. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Caterpillar in the fourth quarter worth $32,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CAT. Citigroup lifted their price target on Caterpillar from $1,020.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Erste Group Bank cut shares of Caterpillar from a "buy" rating to a "hold" rating in a research report on Monday, July 27th. HSBC lifted their target price on shares of Caterpillar from $850.00 to $1,100.00 in a research report on Tuesday, May 5th. Oppenheimer reissued an "outperform" rating and issued a $1,118.00 price target on shares of Caterpillar in a research note on Tuesday, August 4th. Finally, Morgan Stanley set a $915.00 price target on shares of Caterpillar and gave the stock an "equal weight" rating in a report on Friday, May 1st. One investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Stock Up 1.7%

Shares of CAT opened at $828.90 on Friday. Caterpillar Inc. has a 1 year low of $410.52 and a 1 year high of $1,073.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.37 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $908.86 and a two-hundred day simple moving average of $833.13. The firm has a market cap of $381.02 billion, a P/E ratio of 35.67, a P/E/G ratio of 1.43 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last announced 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. 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 period in the previous year, the business posted $4.72 EPS. The business's quarterly revenue was up 23.7% on a year-over-year basis. On average, analysts forecast that Caterpillar Inc. will post 27.14 earnings per share for the current fiscal year.

Caterpillar Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, July 20th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a boost from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is currently 28.06%.

Key Stories Impacting Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Higher full-year earnings forecasts: Zacks Research raised its FY2026 EPS estimate to $26.55 from $24.51 and its Q2 2027 estimate to $7.90 from $7.17. Zacks maintained a “Strong Buy” rating, signaling confidence in Caterpillar’s earnings trajectory. Zacks Research Forecasts Stronger Earnings for Caterpillar
• Positive Sentiment: $392 million tariff refund: Caterpillar received a significant refund as duty costs declined. The benefit partially offsets approximately $400 million in tariff expenses incurred during the quarter ended June 30 and could support near-term profitability and cash flow. Caterpillar bags $392M tariff refund as duty costs shrink
• Positive Sentiment: Constructive market backdrop: Expectations for continued S&P 500 strength, resilient earnings growth and potential AI-related capital spending are supportive for industrial companies such as Caterpillar. 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Neutral Sentiment: High volatility remains a trading risk: Options activity indicates Caterpillar’s stock could experience unusually large moves in either direction, increasing uncertainty despite favorable fundamental projections. Caterpillar Stock Is Priced To Swing Hundreds Of Dollars Either Way
• Negative Sentiment: AI data-center backlash: Proposed restrictions and political resistance to AI-related power demand in Texas and New York could delay or reduce data-center construction. That creates a risk for Caterpillar’s power-generation and related equipment demand, prompting investors to reassess the company’s growth outlook. What Is Caterpillar Facing As AI Data Center Backlash Grows?
• Negative Sentiment: Near-term estimate reduction: Zacks lowered its Q4 2026 EPS forecast to $6.47 from $6.61, suggesting some caution around the next quarterly results even though its full-year and longer-term estimates improved. Caterpillar analyst estimates

Caterpillar 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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