Fort Washington Investment Advisors Inc. OH Trims Stake in Caterpillar Inc. $CAT

Key Points

• Fort Washington Investment Advisors reduced its Caterpillar stake by 18.3% in the second quarter, selling 18,425 shares and retaining 82,247 shares valued at approximately $87.6 million. Institutional investors collectively own about 71% of CAT.
• Caterpillar reported a strong quarter, with EPS of $8.17 and revenue of $20.54 billion, surpassing estimates and marking 23.7% year-over-year revenue growth. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $995.52.
• The stock opened at $814.68 after a recent decline, as investors weighed its sharp gains and elevated valuation against potential industrial-demand weakness. Caterpillar also raised its quarterly dividend to $1.63 per share, or $6.52 annualized.

Fort Washington Investment Advisors Inc. OH cut its holdings in shares of Caterpillar Inc. (NYSE:CAT - Free Report) by 18.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,247 shares of the industrial products company's stock after selling 18,425 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Caterpillar were worth $87,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Decker Retirement Planning Inc. lifted its holdings 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 worth $29,000 after acquiring an additional 22 shares during the last quarter. Matrix Trust Co boosted its position in shares of Caterpillar by 93.8% during 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 period. Lam Group Inc. acquired a new stake in shares of Caterpillar in the first quarter valued at $26,000. Ramsey Quantitative Systems purchased a new stake in shares of Caterpillar in the 2nd quarter valued at $48,000. Finally, Torren Management LLC purchased a new position in Caterpillar during the 4th quarter valued at about $27,000. Institutional investors and hedge funds 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 raised earnings forecasts. Zacks Research increased its EPS projections across several periods, including FY2027 to $30.14 from $29.01 and FY2028 to $35.97 from $34.31. The firm maintained a “Strong-Buy” rating, signaling improved confidence in Caterpillar’s long-term earnings outlook. Zacks Research estimates
• Positive Sentiment: Growth momentum remains a supporting factor. A Zacks analysis said volume-driven growth is accelerating across Caterpillar’s three segments and prompted a sharp increase in its 2026 sales outlook. The company also announced a $3 million workforce investment in Arkansas, supporting local hiring and operations. Caterpillar volume gains analysis Caterpillar workforce initiative
• Neutral Sentiment: Recent gains may be prompting profit-taking. Commentary highlighted that CAT has risen sharply over the past year, increasing attention to valuation and how much future growth is already reflected in the stock. CAT stock performance analysis
• Negative Sentiment: Weak industrial data raised demand concerns. U.S. industrial production was weaker than expected in July, prompting investors to question whether Caterpillar’s record backlog can withstand a slowdown in industrial activity and equipment demand. Weaker U.S. industrial output analysis
• Negative Sentiment: Market-wide selling pressured CAT. Caterpillar and Goldman Sachs were cited as major drags on the Dow amid a pullback in AI-related and technology-linked trades. This appears to reflect broader risk reduction and sector rotation rather than a new company-specific operational setback. Dow market pressure

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CAT shares. Bank of America increased their price target on shares of Caterpillar from $930.00 to $989.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of Caterpillar in a research report on Wednesday, August 5th. Wall Street Zen upgraded Caterpillar from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Daiwa Securities Group boosted their target price on Caterpillar from $790.00 to $900.00 and gave the stock a "neutral" rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada increased their price target on Caterpillar from $877.00 to $897.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 5th. One 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $995.52.

Caterpillar Stock Down 3.1%

Shares of NYSE:CAT opened at $814.68 on Thursday. The firm has a 50 day simple moving average of $912.19 and a 200-day simple moving average of $832.06. Caterpillar Inc. has a twelve month low of $410.52 and a twelve month high of $1,073.46. The company has a current ratio of 1.37, a quick ratio of 0.85 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $374.49 billion, a PE ratio of 35.06, a P/E/G ratio of 1.48 and a beta of 1.60.

Caterpillar (NYSE:CAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share (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 company had revenue of $20.54 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the prior year, the firm posted $4.72 earnings per share. Caterpillar's revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities analysts predict that Caterpillar Inc. will post 26.98 EPS for the current fiscal year.

Caterpillar Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 0.8%. This is a positive change from Caterpillar's previous quarterly dividend of $1.51. The ex-dividend date of this dividend was Monday, July 20th. Caterpillar's dividend payout ratio is presently 28.06%.

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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