Glenview Trust Co Invests $71.91 Million in Caterpillar Inc. $CAT

Glenview Trust Co bought a new stake in Caterpillar Inc. (NYSE:CAT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 67,529 shares of the industrial products company's stock, valued at approximately $71,912,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Caterpillar during the 2nd quarter worth $40,457,153,000. Bank of America Corp DE acquired a new stake in shares of Caterpillar during the second quarter worth $5,818,150,000. Diamant Asset Management Inc. boosted its position in shares of Caterpillar by 68,427.2% in the first quarter. Diamant Asset Management Inc. now owns 3,140,603 shares of the industrial products company's stock valued at $2,224,992,000 after acquiring an additional 3,136,020 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Caterpillar in the second quarter valued at about $3,192,710,000. Finally, Legal & General Group Plc bought a new position in Caterpillar during the second quarter worth about $2,783,451,000. 70.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on CAT shares. Wells Fargo & Company boosted their price objective on shares of Caterpillar from $1,050.00 to $1,155.00 and gave the company an "overweight" rating in a report on Tuesday, June 23rd. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $1,002.00 target price on shares of Caterpillar in a report on Wednesday, August 5th. Weiss Ratings upgraded Caterpillar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Truist Financial set a $980.00 price target on Caterpillar in a research report on Wednesday, August 5th. Finally, Zacks Research raised Caterpillar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. One research 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's stock. According to MarketBeat.com, Caterpillar has a consensus rating of "Moderate Buy" and a consensus price target of $995.52.

Insiders Place Their Bets

In other Caterpillar news, CEO Joseph E. Creed sold 32,401 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $808.98, for a total value of $26,211,760.98. Following the sale, the chief executive officer owned 34,555 shares in the company, valued at $27,954,303.90. This trade represents a 48.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by corporate insiders.

Caterpillar Trading Up 0.9%

Shares of CAT opened at $821.25 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. Caterpillar Inc. has a 52-week low of $416.44 and a 52-week high of $1,073.46. The firm has a market cap of $377.50 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 1.41 and a beta of 1.60. The business's fifty day moving average is $863.27 and its 200-day moving average is $839.74.

Caterpillar (NYSE:CAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $8.17 earnings per share for the quarter, beating analysts' consensus estimates of $6.22 by $1.95. The company had revenue of $20.54 billion for the quarter, compared to the consensus estimate of $19.34 billion. Caterpillar had a net margin of 14.51% and a return on equity of 55.53%. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted $4.72 EPS. Equities analysts anticipate that Caterpillar Inc. will post 27.34 EPS for the current fiscal year.

Caterpillar News Summary

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Caterpillar’s power-generation backlog reportedly reached $72 billion, reinforcing the view that demand from data centers and AI-related infrastructure could make the company less dependent on the traditional construction cycle. Caterpillar's Power Generation Backlog Just Hit $72 Billion
• Positive Sentiment: Recent coverage points to Caterpillar’s record backlog, strong earnings and raised 2026 outlook as key reasons for its roughly 95% one-year gain. The company’s latest reported quarter also exceeded EPS and revenue expectations, supporting investor confidence in its operating momentum. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?
• Positive Sentiment: Chief Digital Officer Ogi Redzic described how AI is changing construction work, highlighting Caterpillar’s efforts to use digital tools and automation to improve equipment productivity and customer operations. This could strengthen the company’s longer-term technology and services opportunity. Caterpillar’s Digital Chief Ogi Redzic on How A.I. Is Redefining Construction Work
• Neutral Sentiment: Industry coverage continues to identify Caterpillar as a leading construction-equipment company, supported by its global dealer network and cash-generation capabilities. However, the equipment showcase itself does not provide a new financial catalyst. Caterpillar vs. Corning: Which Stock Is a Better Buy in 2026?
• Negative Sentiment: At approximately 34 times earnings, Caterpillar trades at a demanding valuation after its major rally. Analysts note that the premium leaves the stock vulnerable to profit-taking or disappointment if backlog conversion, margins or the 2026 outlook weaken. Caterpillar Gains 95% in a Year: Time to Buy, Sell or Hold the Stock?

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction, mining, and industrial equipment. The company's products include excavators, dozers, wheel loaders, motor graders, articulated trucks, and off-highway trucks, as well as related attachments and work tools. Caterpillar also supplies replacement parts, equipment services, technology solutions, and rental support through its dealer network.

The company serves customers in construction, mining, quarrying, energy, transportation, forestry, agriculture, and government-related industries.

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