First National Bank of Omaha Invests $12.67 Million in Caterpillar Inc. $CAT

Key Points

• First National Bank of Omaha acquired 12,159 Caterpillar shares worth approximately $12.67 million in the second quarter. Institutional investors collectively own 70.98% of CAT.
• Caterpillar reported a strong quarter, with earnings of $8.17 per share versus the $6.22 consensus estimate and revenue of $20.54 billion, up 23.7% year over year. The company also raised its quarterly dividend to $1.63, or $6.52 annually.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $995.52. However, Caterpillar’s elevated valuation leaves the stock vulnerable if AI-related growth and power-equipment demand disappoint.

First National Bank of Omaha acquired a new stake in shares of Caterpillar Inc. (NYSE:CAT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,159 shares of the industrial products company's stock, valued at approximately $12,670,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. grew its stake in shares of Caterpillar by 440.0% in the 2nd quarter. Decker Retirement Planning Inc. now owns 27 shares of the industrial products company's stock valued at $29,000 after buying an additional 22 shares in the last quarter. Matrix Trust Co increased its holdings in Caterpillar by 93.8% in the second quarter. Matrix Trust Co now owns 31 shares of the industrial products company's stock worth $33,000 after buying an additional 15 shares during the last quarter. Axiom Investment Management LLC bought a new position in Caterpillar during the second quarter valued at approximately $36,000. Lam Group Inc. acquired a new stake in Caterpillar in the first quarter valued at approximately $26,000. Finally, Ramsey Quantitative Systems bought a new stake in Caterpillar in the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 70.98% of the company's stock.

Trending Headlines about Caterpillar

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: July durable-goods orders rose 1.1%, suggesting a manufacturing rebound that could support demand for Caterpillar’s construction, mining and industrial equipment. CAT was identified as one of several industrial stocks positioned to benefit. 4 Industrial Stocks to Grab on Robust Jump in Durable Goods Orders
• Positive Sentiment: Erste Group Bank reportedly expects stronger earnings for Caterpillar, adding to the constructive analyst outlook surrounding the company. Erste Group Bank Predicts Stronger Earnings for Caterpillar
• Positive Sentiment: Caterpillar’s power-generation business is benefiting from rising electricity demand tied to data centers and artificial intelligence. Recent coverage points to a first-ever quarterly sales total above $20 billion and identifies power generation as an increasingly important growth engine. Forget the Industry Labels: Chevron and Caterpillar Are Both Betting on the AI Power Boom
• Positive Sentiment: The company is applying its autonomous-mining expertise to industrial AI deployment, including field-support tools such as the Cat AI Assistant. Caterpillar also committed $100 million to AI and robotics workforce training, which could improve productivity and strengthen its technology positioning. Caterpillar Commits $100 Million to AI and Robotics Training
• Neutral Sentiment: Wall Street’s average brokerage recommendation remains bullish, but the coverage notes that sell-side ratings are often overly optimistic and may have limited predictive value for CAT’s performance. Is Caterpillar a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: At a high earnings multiple, Caterpillar is increasingly being valued like a technology-growth company. That raises the risk of pressure on the stock if AI-related growth, power-equipment demand or earnings forecasts fail to exceed expectations. How AI Power Demand Transformed Caterpillar into a High-Multiple Tech Play

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CAT shares. Sanford C. Bernstein restated a "market perform" rating and set a $1,002.00 price target on shares of Caterpillar in a report on Wednesday, August 5th. Erste Group Bank cut shares of Caterpillar from a "buy" rating to a "hold" rating in a report on Monday, July 27th. Barclays increased their target price on shares of Caterpillar from $800.00 to $900.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 6th. Zacks Research raised Caterpillar from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company upped their price target on Caterpillar from $1,050.00 to $1,155.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 23rd. 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. Based on data from MarketBeat.com, Caterpillar currently has an average rating of "Moderate Buy" and an average target price of $995.52.

Caterpillar Stock Down 0.3%

Caterpillar stock opened at $797.72 on Tuesday. The firm has a market cap of $366.69 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 1.40 and a beta of 1.60. The firm has a fifty day moving average price of $889.47 and a two-hundred day moving average price of $838.20. Caterpillar Inc. has a fifty-two week low of $410.52 and a fifty-two week 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.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $20.54 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the company posted $4.72 earnings per share. The firm's revenue for the quarter was up 23.7% on a year-over-year basis. As a group, analysts forecast that Caterpillar Inc. will post 27.14 earnings per share for the current year.

Caterpillar Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were given a $1.63 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $6.52 annualized dividend and a yield of 0.8%. This is an increase from Caterpillar's previous quarterly dividend of $1.51. Caterpillar's dividend payout ratio (DPR) is presently 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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