Fairvoy Private Wealth LLC Acquires 3,845 Shares of Caterpillar Inc. $CAT

Key Points

• Fairvoy Private Wealth increased its Caterpillar stake by 211.1% in the second quarter, adding 3,845 shares to hold 5,666 shares worth approximately $6.03 million. Institutional investors and hedge funds collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 beating estimates of $6.22 and revenue rising 23.7% year over year to $20.54 billion. 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, equivalent to an annualized $6.52 dividend and a 0.8% yield, while shares recently traded at $843.54.

Fairvoy Private Wealth LLC lifted its holdings in Caterpillar Inc. (NYSE:CAT - Free Report) by 211.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,666 shares of the industrial products company's stock after purchasing an additional 3,845 shares during the quarter. Caterpillar comprises 1.2% of Fairvoy Private Wealth LLC's holdings, making the stock its 17th biggest position. Fairvoy Private Wealth LLC's holdings in Caterpillar were worth $6,033,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Diamant Asset Management Inc. increased its position in shares of Caterpillar by 68,427.2% during the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock worth $2,224,992,000 after acquiring an additional 3,136,020 shares in the last quarter. Capital International Investors acquired a new position in Caterpillar in the 4th quarter worth $1,225,317,000. Northwestern Mutual Wealth Management Co. increased its holdings in Caterpillar by 573.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,504,612 shares of the industrial products company's stock worth $861,947,000 after purchasing an additional 1,281,087 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Caterpillar by 16.0% in the 4th quarter. Bank of America Corp DE now owns 6,738,802 shares of the industrial products company's stock valued at $3,860,457,000 after purchasing an additional 928,974 shares during the period. Finally, Cynosure Group LLC raised its stake in shares of Caterpillar by 8,359.6% in the 4th quarter. Cynosure Group LLC now owns 513,754 shares of the industrial products company's stock valued at $294,314,000 after purchasing an additional 507,681 shares during the period. 70.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CAT. Barclays lifted their target price on Caterpillar from $800.00 to $900.00 and gave the company an "equal weight" rating in a research report on Thursday, August 6th. DA Davidson raised 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. UBS Group boosted their price objective on shares of Caterpillar from $900.00 to $925.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Citigroup raised their target price on shares of Caterpillar from $1,020.00 to $1,100.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Finally, Bank of America lifted their price target on shares of Caterpillar from $930.00 to $989.00 and gave the company a "buy" rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Caterpillar has an average rating of "Moderate Buy" and a consensus target price of $995.52.

Key Stories Impacting Caterpillar

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 company has a debt-to-equity ratio of 1.65, a quick ratio of 0.85 and a current ratio of 1.37. The firm has a 50-day moving average of $913.03 and a 200-day moving average of $830.99. Caterpillar Inc. has a 52-week low of $410.52 and a 52-week high of $1,073.46. The stock has a market cap of $387.76 billion, a PE ratio of 36.30, a PEG ratio of 1.53 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last released its earnings results on Tuesday, August 4th. The industrial products company reported $8.17 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $19.34 billion. During the same period last year, the firm earned $4.72 EPS. The business's quarterly revenue was up 23.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Caterpillar Inc. will post 26.56 EPS for the current year.

Caterpillar Increases Dividend

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

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.

Want to see what other hedge funds are holding CAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caterpillar Inc. (NYSE:CAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source